light of nefarious actors in the cryptocurrency space, on-block chain transactions are a better verifier of sorts:
“When you use a hosted wallet, you partly lose the digital currency aspect, since you no longer have bitcoins, just promises of bitcoins.”
twetch#15699 6.2y
So, on-chain is insurance of sorts – proof that a payment exchange between parties did happen.
https://twetch.app/t/e0e4b99ba4dcbc3986ff0098b1b46251ba434b7387da48e2fdc7779f55092b8e
What the chain says
- Block
- 643 598
- Time
- 2020-07-14T01:59:22Z
- Signer
- 1PiKRcYQTCF7SyCHiEyRneNJpHAKt1QvNy
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#15699
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1PiKRcYQTCF7SyCHiEyRneNJpHAKt1QvNy Verified