I find this title misleading.
What this post describes is a 2-of-3 multisig, which adds further encumbrances in constructing a valid transaction.
But any transaction, once broadcast, is irreversible.
What this post describes is a 2-of-3 multisig, which adds further encumbrances in constructing a valid transaction.
But any transaction, once broadcast, is irreversible.
Within payments, "transactions," "reversibility," "revocability," and "escrow" have definitions. Since BitCoin is in this space, I'd expect an article to use the domain terms from this space.
Yes, if you re-define these terms to mean something more colloquial, it may look like that. If you squint. But that doesn't make it not look amateurish.
And also transactions that don't make it into a block will just die if the original node doesn't rebroadcast it. So after 1 confirm it's mostly irreversible.