Viewing a response to: @musing-threads/pk257cybw
<a href="https://musing.io/q/littymumma/if-i-try-to-send-steem-to-another-steem-username-and-if-that-username-does-not-exist-in-steem-blockchain-then-the-transaction-will-not-be-initiated-at"><b>View this question on Musing.io</b></a>
| author | littymumma |
|---|---|
| permlink | f3yvz6ymw |
| category | musing-threads |
| json_metadata | "{"app":"musing/1.1","appTags":["blockchain","cryptocurrency"],"appCategory":"blockchain","appTitle":"If i try to send steem to another steem username and if that username does not exist in steem blockchain, then the transaction will not be initiated at all where as if I send BTC to another BTC address and if that BTC address is wrong or does not exist and if I send BTC to such an address it will accept and it is a different matter that the BTC will be lost and no one will get that BTC? Why is it so and what is the difference between this two blockchain that one is being able to say that \"the receiving username is invalid or does not exist\" where as the other blockchain is not even saying that and the transaction is accepting even though the receiving address does not exist?","appBody":"","appDepth":1,"musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"question"}" |
| created | 2019-03-31 18:13:21 |
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<a href="https://musing.io/q/littymumma/if-i-try-to-send-steem-to-another-steem-username-and-if-that-username-does-not-exist-in-steem-blockchain-then-the-transaction-will-not-be-initiated-at">View this answer on Musing.io</a>
| author | milaan |
|---|---|
| permlink | p36k8nymq |
| category | musing-threads |
| json_metadata | "{"app":"musing/1.1","appTags":["blockchain","cryptocurrency"],"appCategory":"blockchain","appTitle":"If i try to send steem to another steem username and if that username does not exist in steem blockchain, then the transaction will not be initiated at all where as if I send BTC to another BTC address and if that BTC address is wrong or does not exist and if I send BTC to such an address it will accept and it is a different matter that the BTC will be lost and no one will get that BTC? Why is it so and what is the difference between this two blockchain that one is being able to say that \"the receiving username is invalid or does not exist\" where as the other blockchain is not even saying that and the transaction is accepting even though the receiving address does not exist?","appBody":"<p>You must understand that Steem Blockchain and BTC Blockchain are different. The design of their protocol level also are different. So it is obvious that the protocol of Steem blockchain will not behave in a same manner as that of BTC Blockchain.</p>\n<p>When you send money in Steem blockchain, if the user name does not exist it can not send fund and its protocol is designed in that way.</p>\n<p>In case of BTC Blockchain, you must understand that the addresses are the hashes of the public keys. So it is apparent that at the protocol level of BTC Blockchain, public keys is important and not the address, as it is designed to interact & read with the public key. So one can hash the public keys to get an address and as long as the checksum checks out, the transaction will be through but with a wrong address, you can not recover those bitcoins if you don't have the private key of that address. It is as simple as that.</p>\n<p><br></p>","appDepth":2,"appParentPermlink":"f3yvz6ymw","appParentAuthor":"littymumma","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
| created | 2019-04-01 03:59:15 |
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