Please forward this blockchain 0 confirmations screen to 198. What Happens if I Send Bitcoin to a Different Blockchain? The Merkle » What Happens if I Send Bitcoin to a Different Blockchain? Cryptocurrency users are in full control of their funds, which also means they bear the full responsibility for sending money to the correct address.
US Authorities Spied On 3. Sending funds to a wrong address can have very dire consequences. Thankfully, it is virtually impossible to send Bitcoin to a wrong block chain. However, should the transfer be accepted because it is recognized as a valid address, things can get out of hand very quickly. For example, if you were to paste a Litecoin address as the recipient of a Bitcoin transaction, nearly every wallet will say it is an invalid address.
The chances of seeing such a transaction go through are slim to none, which is a good thing. Some people may wonder how wallets are capable of recognizing the address as being a wrong one. First of all, Bitcoin and Litecoin addresses use a very different address prefix. In this particular case, an accidental cross-blockchain transfer could become a real possibility. Unless you know the person who owns the address, getting money back will be virtually impossible. Once the transaction is confirmed by the network, there is no going back. If both of these methods fail, the sender will have a very big problem.