What is block finality and why does it matter? | Headlines | News | CoinMarketCap

09/05/2023 16:11
What is block finality and why does it matter? | Headlines | News | CoinMarketCap

Block finality is an important concept in the world of blockchain technology. It refers to the point at which a block of transactions is …

Published on September 05, 2023 09:05 GMT+00:00edited on September 05, 2023 09:09 GMT+00:00

Block finality is an important concept in the world of blockchain technology. It refers to the point at which a block of transactions is considered permanent and cannot be altered or reversed.

This is a critical aspect of blockchain security and reliability, as it ensures that once a transaction is confirmed, it most likely cannot be tampered with.

In this article, we will explore the concept of block finality in more detail, discussing why it matters and how it is achieved in different blockchain systems.

What is block finality?

The concept of finality refers to the point where a transaction, once confirmed and added to the blockchain, becomes irreversible.

The speed at which this finality is achieved is critical, as it dictates how quickly transactions can be confirmed and …

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