How would people prove it was their wallet? Also who

Question

How would people prove it was their wallet? Also who

would oversee this because the council would not be able to decide on something that would need to happen so often, so you would need to give a massive amount of power over the network to a centralised team who would manage it.

#cryptocurrency #english #hbar

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25.03.2022

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Michal · Accepted Answer

KYC and identities matters and help user, my have KYC with Hedera. Many wallets have or will have some form of KYC. Of course nobody will ever do that in future in ledgers for smaller amount- and you have attorneys that can help you- proof of transactions from exchanges etc. Like in real world, you can lose cash and you can prove that it was yours. My mother in late 80s found stash of banknotes on street worth over 1 year of average salaries without any information/identity- all was retuned to rightful owner. There are ways do do that- advert at time to newspaper that found undisclosed amount and person had to describe the time, exact amount and location, proof from bank of ownership and was all returned to rightful owner. Proving ownership nowadays in digitisation era is not big deal.

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How would people prove it was their wallet? Also who

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