AN ISRAELI BLOCKCHAIN STARTUP CLAIMS ITS INVENTED AN UNDO BUTTON FOR BTC TRANSACTIONS

Imagine accidentally sending your hard-earned Bitcoin to the wrong wallet address.A moment of panic sets in, as you realize the irreversible nature of blockchain transactions.For years, this has been a significant pain point for cryptocurrency users, a source of anxiety and potential financial loss. Israeli blockchain startup Kirobo, known for its Bitcoin Undo button that allows users to revert transactions, has launched the same service for Ethereum (ETH), according to an announcement. The Ethereum Undo button works the same way as its Bitcoin counterpart. It allows users to add passwords to their outgoing transactions.But what if there was a way to rewind time, to hit an ""undo"" button and reclaim your funds?That's the bold claim being made by Kirobo, an Israeli blockchain startup that has developed a system it calls ""Retrievable Transfer."" Founded in 2025, Kirobo aims to bring a level of user-friendliness and security to the often-intimidating world of cryptocurrencies, offering a safety net against costly mistakes.This innovation could potentially revolutionize how we interact with Bitcoin and other digital assets, making them more accessible and secure for everyday users. An Israeli Blockchain Startup Claims It s Invented an Undo Button for BTC Transactions - MITechNews An Israeli Blockchain Startup Claims It s Invented an UndoThis is a closer look at how Kirobo’s undo button works and its potential impact on the future of cryptocurrency transactions, addressing whether it can live up to its claims.

Introducing Kirobo's Retrievable Transfer System

Kirobo's core innovation lies in its ""Retrievable Transfer"" system, designed to provide a safety net for cryptocurrency transactions. A two-year-old Israeli blockchain startup says it has found a way to cancel crypto transactions if they are sent to the wrong wallet address Please note, this is a STATIC archive of website cointelegraph.com from October 2025, cach3.com does not collect or store any user information, there is no phishing involved.This system fundamentally alters the traditional, irreversible nature of blockchain transactions by introducing a mechanism for cancellation under specific circumstances. An Israeli Blockchain Startup Claims They ve Invented an Undo Button for Bitcoin TransactionsThe core problem they're addressing is human error.According to a recent survey, a significant percentage of crypto users have experienced stressful errors when sending cryptocurrency, and many have even lost funds as a result. The U.S. moves one step closer to a digital dollar at the same time that US Senators introduce a very anti-privacy bill. Which app has been caught snooping on your data and what can you do about it? An Israeli blockchain startup claims it has created an undo button for BTC transactions.Kirobo is hoping to alleviate this anxiety and provide a more secure user experience.

How the ""Undo Button"" Works

Instead of sending Bitcoin directly to a recipient's address, Kirobo's system involves a multi-step process that adds a layer of security.Here's a breakdown of the key elements:

1. Password Protection: The sender creates a transaction protected by a unique password or security key. Undo button for blockchain? The headline was deceiving but the article makes sense. blockchain blockchaintechnology cryptocurrency undo password ledgerThis password isn't shared directly with the recipient at the time of the transfer.
2. Conditional Release: The funds aren't immediately transferred to the recipient's wallet. Israeli blockchain startup Kirobo has unveiled an undo transaction feature for ETH transactions following the success of its BTC version. Immediately available, it will eventually cover all ERC-20 transactions and protect against accidental token burns. Kirobo says it aims to create layers onInstead, they are held in escrow, awaiting the recipient to provide the correct password.
3. Cancellation Window: A pre-defined timeframe is established. According to a recent survey by FIO, 55% of respondents experienced stressful human errors when sending cryptocurrency, and 18% reported loss of fundsIf the recipient fails to enter the correct password within this timeframe, the sender can retrieve the funds, effectively ""undoing"" the transaction.
4. Recipient Claim: If the recipient enters the correct password within the specified time, the transaction completes as normal, and the recipient gains access to the funds.

This system essentially inserts a confirmation step into the Bitcoin transaction process, allowing senders to correct errors before the transfer becomes irreversible.It's like having a brief moment to double-check your work before submitting it.

Retrievable Transfer on Ledger Wallets

Kirobo has partnered with Ledger, a popular hardware wallet provider, to integrate its Retrievable Transfer feature. Author: Topic: Undo button for transactions (Read 796 times) fiulpro (OP). Hero MemberThis integration allows users to directly access the ""undo button"" functionality within their Ledger wallet interface. An Israeli Blockchain Startup Claims It's Invented an 'Undo' Button for BTC Transactions An Israeli Blockchain Startup Claims It's Invented an 'Undo' Button forThis makes it significantly more accessible and user-friendly than requiring a separate application or browser extension.The Retrievable Transfer feature is currently available on the Ledger crypto wallet for Bitcoin (BTC) transactions. Israel-based blockchain startup Kirobo has invented a way to undo irreversible cryptocurrency transactions. Called Retrievable Transfer, the system allows a sender to cancel a transactionAccording to Kirobo, the feature remains free for transaction amounts up to $1,000.

Extending the ""Undo Button"" to Ethereum and ERC-20 Tokens

Building upon the success of its Bitcoin solution, Kirobo has expanded its ""undo button"" functionality to Ethereum (ETH) and a range of ERC-20 tokens. GREAT NEWS for Crypto Users ⁠Israeli Blockchain Startup Offers Undo Button for Bitcoin Transactions A two-year-old Israeli blockchain startup GREAT NEWS for Crypto Users ⁠Israeli Blockchain Startup Offers Undo Button for Bitcoin Transactions A two-year-old Israeli blockchain startup says it has found a way to cancelThis expansion demonstrates the versatility of their underlying technology and its potential to address the issue of irreversible transactions across different blockchain networks. Israeli Blockchain Startup Offers Undo Button for Bitcoin LatestThe Ethereum Undo button works the same way as its Bitcoin counterpart, allowing users to add passwords to their outgoing transactions.

Support for a Wide Range of Tokens

Kirobo's system now supports various ERC-20 tokens, including UNI, Chainlink, BNB, USDT, Sushi coin, as well as its native utility token KIRO. 5.8M subscribers in the Bitcoin community. Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. UnlikeThis broad support ensures that users can benefit from the ""undo button"" functionality when transacting with a variety of popular digital assets.The initial deployment of the undo solution for BTC and ETH transactions has now expanded to cover a more comprehensive range of cryptocurrencies.

Protecting Against Accidental Token Burns

Beyond simple errors in wallet addresses, Kirobo's technology can also protect against accidental token burns. An Israeli blockchain startup has a solution. It s created a kind of undo button for crypto transfers. (It s a confirmation code). An undo button might be useful in Russia at the moment. A court in that country has ruled that thieves who kidnapped someone and forced him to send them 99.7 BTC don t have to pay back the Bitcoins.Token burns occur when tokens are unintentionally sent to an address with no known private key, effectively removing them from circulation.By providing a cancellation window, Kirobo's system allows users to recover from this type of mistake, safeguarding their assets.The undo button will eventually cover all ERC-20 transactions and protect against accidental token burns.

Addressing the Concerns: Security and Centralization

While the concept of an ""undo button"" for cryptocurrency transactions is appealing, it naturally raises questions about security and potential centralization. Updates on BTC all the way from far isreal, is this a possibility or another of those wannabe'sCritics might argue that introducing a mechanism for reversing transactions could create new vulnerabilities or undermine the fundamental principles of decentralization that underpin blockchain technology.

Security Considerations

One of the primary concerns is the security of the password or security key used to protect the transaction. Home Blockchain An Israeli Blockchain Startup Claims They ve Invented an Undo Button for Bitcoin Transactions An Israeli Blockchain Startup Claims They ve Invented an Undo Button for Bitcoin TransactionsIf this password is compromised, an attacker could potentially claim the funds before the intended recipient.Kirobo must implement robust security measures to protect these passwords and prevent unauthorized access.

• Encryption: Passwords should be strongly encrypted using industry-standard encryption algorithms.
• Key Management: Secure key management practices are essential to prevent key theft or loss.
• Multi-Factor Authentication: Implementing multi-factor authentication can add an extra layer of security.

It's also important to consider the potential for phishing attacks.Attackers could attempt to trick users into revealing their passwords through fraudulent websites or emails.User education and awareness are crucial to mitigate this risk.

Decentralization and Trust

Another concern is the potential for centralization. Israeli Blockchain Startup Offers Undo Button for Bitcoin TransactionsIf Kirobo controls the cancellation mechanism, it could be argued that they have too much power over transactions.This could undermine the trustless nature of blockchain technology. Israeli blockchain startup Kirobo has found a way to cancel crypto transactions if they are sent to the wrong wallet address. Founded in 2025, the startup haThe company needs to address these concerns by implementing transparent and auditable processes.They could achieve this by:

• Open-Source Code: Making the underlying code open-source would allow the community to review and verify its security and functionality.
• Decentralized Governance: Implementing a decentralized governance model could distribute control over the cancellation mechanism.
• Auditability: Ensuring that all cancellation actions are transparently recorded on the blockchain would enhance accountability.

It's crucial for Kirobo to balance the benefits of its ""undo button"" with the need to maintain the core principles of security and decentralization that are fundamental to the success of blockchain technology.

Real-World Use Cases and Potential Applications

Beyond correcting accidental errors, Kirobo's ""undo button"" has several potential use cases and applications that could benefit cryptocurrency users in various situations.

Protecting Against Scams and Fraud

In the unfortunate event of being targeted by a scam or fraud attempt, the ""undo button"" could provide a crucial window of opportunity to recover stolen funds. Interesting A two-year-old Israeli blockchain startup says it has found a way to cancel crypto transactions if they are sent to the wrong walletIf a user realizes they have been tricked into sending cryptocurrency to a fraudulent address, they could cancel the transaction before the scammer gains access to the funds.While it's not a foolproof solution, it could provide a valuable layer of protection in certain circumstances.

Escrow Services and Conditional Payments

Kirobo's technology could be used to facilitate escrow services and conditional payments.For example, a buyer and seller could agree to use the ""undo button"" as a form of escrow, ensuring that funds are only released when certain conditions are met. bitcoin news. G Suresh Kumar Rao s Post G Suresh Kumar RaoThis could be particularly useful for online marketplaces or peer-to-peer transactions.

Simplifying Cryptocurrency Payments for New Users

One of the biggest barriers to entry for new cryptocurrency users is the fear of making mistakes.The ""undo button"" could help alleviate this fear, making cryptocurrency payments more accessible and less intimidating for beginners. Undo button for blockchain? The headline was deceiving but the article makes sense. blockchain blockchaintechnology cryptocurrency undo password ledger blockchaintechThis could encourage wider adoption and drive the growth of the cryptocurrency ecosystem.

Preventing Errors in Complex Transactions

When dealing with complex smart contracts or decentralized finance (DeFi) protocols, the risk of making errors increases.Kirobo's system could provide a safety net for these types of transactions, allowing users to correct mistakes before they result in irreversible financial losses.This could be particularly valuable for advanced cryptocurrency users and developers.

The Future of Cryptocurrency Transactions: Is Reversibility Inevitable?

Kirobo's ""undo button"" raises a fundamental question about the future of cryptocurrency transactions: Is reversibility inevitable?While the irreversible nature of blockchain transactions has always been considered a core feature, the growing need for user-friendliness and security may drive the development of more solutions that allow for error correction and fund recovery.

Balancing Security and Usability

The challenge lies in balancing the need for security and usability. Kirobo, a cryptocurrency solutions developer, has aunveiled its crypto transfer undo button for transactions involving UNI, Chainlink, BNB, USDT, Sushi coin, as well as its native utility token KIRO. The undo solution, which has so far only been deployable for BTC and ETH transactions, represents Kirobo s first product, and allows users to reverse a crypto [ ]Any system that allows for reversing transactions must be carefully designed to prevent abuse and maintain the integrity of the blockchain. Kirobo saidthe Retrievable Transfer feature is now available on the Ledger crypto wallet for Bitcoin (BTC) transactions, and will purportedly remain free for transaction amounts up to $1,000. Read more: An Israeli Blockchain Startup Claims Theyve Invented an Undo Button for Bitcoin Transactions - CointelegraphThis requires a delicate balance between providing a safety net for users and preserving the fundamental principles of decentralization and immutability.

Alternative Solutions for Error Correction

Kirobo is not the only company exploring solutions for error correction in cryptocurrency transactions.Other approaches include:

• Address Whitelisting: Allowing users to create a list of trusted addresses that are pre-approved for transactions.
• Transaction Delay Mechanisms: Introducing a delay period before a transaction is executed, giving users time to review and cancel it.
• Smart Contract-Based Escrow Services: Using smart contracts to create escrow services that automatically release funds when certain conditions are met.

The development of these types of solutions could pave the way for a more user-friendly and secure cryptocurrency ecosystem.

Conclusion: A Step Towards Mainstream Adoption?

Kirobo's ""undo button"" for Bitcoin and other cryptocurrencies represents a significant step towards mainstream adoption.By addressing the fear of making irreversible mistakes, the company is making cryptocurrency more accessible and less intimidating for everyday users.While concerns about security and centralization remain, the potential benefits of this technology are undeniable. An Israeli Blockchain Startup Claims They ve Invented an Undo Button for Bitcoin Transactions - CointelegraphAs the cryptocurrency ecosystem continues to evolve, innovations like Kirobo's ""undo button"" will play a crucial role in driving wider adoption and building a more user-friendly future for digital assets.

Key Takeaways:

• Kirobo has developed a ""Retrievable Transfer"" system that allows users to ""undo"" Bitcoin and Ethereum transactions under certain circumstances.
• The system works by introducing a password-protected transaction with a cancellation window.
• The ""undo button"" has potential use cases beyond correcting accidental errors, including protecting against scams and facilitating escrow services.
• Security and centralization concerns must be addressed to ensure the integrity of the blockchain.
• Kirobo's innovation could play a crucial role in driving wider adoption of cryptocurrency.

Consider exploring Kirobo's Retrievable Transfer feature if you're looking for an added layer of security when transacting with Bitcoin, Ethereum, or supported ERC-20 tokens.Always remember to prioritize strong passwords and stay vigilant against phishing attempts to maximize your protection.