Hey;
The negatives/drawbacks of Crypto-currency that prevent it from becoming mainstream in my opinion:
The 30 so character address that are difficult to be memorized and can be difficult to write down from phone to pc. And has a high chance of being written down incorrectly.
- 2-Cancel Incorrect Transfers
If you incorrectly transfer coins to a wrong address, that is it you cannot retrieve it back.
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For the first issue: I believe maybe grouping or paid secondary address would work.
Grouping:
a word or two to cover the 20 characters and keep the 10 characters.
Rain-Wantan-05ba15fd82f
Secondary Address:
You would pay a fee to associate your 30 so character wallet address to a preferred address.
e.g. my-ether-wallet-addres-123, crypto-gaint-6000-wallet etc.
For Second Issue:
a-Limit quantity to be transferred (receiving and sending) until the address goes through human verification process to verify not a bot.
b-Transfer occurs only after the
c-A subcategory in the transfer part stating the type of transfer (similar to banks)
ex. Personal Transfer (Transfer to one of the owners wallets will only occur if the address is in an address book)
Donation (
Purchase (Used for sales, only completed once an invoice is received)
Other (Parameters to be Set)
etc.
d-An automated check function: where a small amount is transferred to the placed address and sent back to the orginator. In which the transfer check will appear in the history. If the wrong address is placed no harm is done as the amount is sent back.
e-Address Type: Fee to be spent to assign update the address from personal to charity, retail, in which these address would be available in a address book.
Please state your opinion of drawbacks and solution to any mentioned.
Thanks;
