What happens if someone sends bitcoin to my old address?
In the realm of cryptocurrency, especially Bitcoin, addresses are crucial for transactions. But what happens if someone mistakenly sends Bitcoin to an old address associated with my wallet? Does the Bitcoin vanish into the digital ether? Or is there a way to retrieve it? This is a pressing concern for many crypto enthusiasts, as Bitcoin transactions are irreversible. Understanding the intricacies of how Bitcoin addresses and wallets function could be crucial in resolving such scenarios. Is there a safeguard or protocol in place to ensure funds are not lost in such transfers?