Finality

      Finality in the world of cryptocurrency & greater finance is one of the fundamental properties of sound money in trade and commerce. 

     Finality is a measure of the time between the submission of a transaction and its completion. More than that, finality specifically refers to the state of a transaction (after completion) where it is considered irreversible/immutable. 

example of finality in blockchain:
   Finality in Bitcoin is widely accepted as being 6 blocks (10min a block), so after 1 hour a bitcoin transaction is institutionally considered to be final.

example outside of blockchains:
    Finality is the greatest value proposition with Fiat/Cash money for the reason that it is instant; once you physically hand over the cash a transaction is arguable instantly considered finalized.

      Related Terms:

      Resources

Name Price24H (%)
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4.37%
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7.59%
XRP (XRP)
$0.189196
3.47%
Tether (USDT)
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-0.03%
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$233.71
6.72%
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6.32%
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$41.86
3.52%
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4.29%
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$15.70
4.80%
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9.09%
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