Ethereum Undo

[Oxumare]

Kiribo announced a new service that brings the cancellation feature for ETH transactions.With this application that enables the reversal of transactions made on the Ethereum network, users will not have to worry about these transfers.
There was such a system for Bitcoin. But it is probably the first for ETH.The name of the application is Ethereum Undo

In short it works like this
  '' The recipient must enter a transaction code to receive the oncoming money transfer. If the transaction code is not entered or is entered incorrectly, the person who sent the money can cancel the transfer at any time. ''

what are your thoughts ?

Source Website : https://www.kirobo.io/

[hasyurt]

I think it would be a good application. In particular, there has been a development that could demoralize the fraudsters using some of the fraudulent company or stock market names. Previously, there had been too many scams like send 1 ethereum and give you 2 ethereum back. Such situations will come to an end partially

[NANCY]

The previous condition of Etherium makes it very difficult for people because the price of Etherium was lower than before but now it is increasing a lot so it can be said that this Etherium is now in a good position. But I think it will stand in a better position. At the present time this etherium has grown a lot hopefully it will occupy a better place.

[MrSpasybo]

If this technique is developed and applied, we will make transactions more secure. The problem of mistakenly transferring ERC-20 tokens, which leads to the burning of tokens, can be completely fixed instead of applying a new ERC standard.
However, I still have a hard time figuring out how this Undo tool will interfere with the system, as well as the safety and other impacts it brings to the Ethereum blockchain. We should wait for the response from the community, especially from blockchain technology experts.

[krypto4uvak]

I think this is a good service. It will be very useful for beginners, since when I just started learning crypto, I constantly made incorrect transactions and regretted it.

[eldial]

I agree about this erhereum will be undo because this for the good of a new bounty or beginners who come to join of works in cryptocurrency while  the ethereum will remain undo prices so that they can feel good better of works in blockchain.

[whyrqa]

To be honest, I am very much alarmed by the simplicity of this proposal and the possible hidden goals that cryptocurrency users will not like. I believe that every person who carries out a transaction on the Ethereum network, when filling out the form in the wallet, can immediately see the volume of the commission and not send such a transaction at the last moment. Of course, the situation may be completely different, when a person manually set a low commission and the transaction hangs in standby mode. it is in this situation that the transaction should be canceled.

[Muneeb22]

May be this is possible becasue i send some ETH transactions and i am not cancel that but may be in future it will be possible that will be possible and we can cancel that.

[Freemind]

I was not aware of Ethereum Undo at all and from what I've read so far it seems like a very good tool, if it is applied to the chain I am sure it will have a good acceptance by all users. Will we ever be able to see something similar in other coins?

[Condorlaib]

At least the fact that it becomes possible to cancel a transaction that has been pending for a long time makes it possible for the users themselves to reduce the load on the Ethereum network and thus everyone can affect the network performance. I believe that the efficiency of the platform depends on each user of Ethereum.