Polymesh Glossary


Transaction Finality

A strict requirement of the financial world, and guaranteed in part by technology. Many existing public blockchains rely on probabilistic finality – i.e. the assumption that after a certain amount of time (counted by a number of blocks produced in the chain), the cost of reverting a transaction would outweigh its benefits. Yet for the blockchain to contain a true representation of ownership and meet market requirements, it must provide rapid and deterministic finality.