Now available: Polymesh Private. Discover polymesh.network/private →
.svg)
Polymesh Glossary
Contents
Overview
Decentralization, governance, and transaction finality
The Cryptoeconomic system: consensus, proof–of–stake, and who’s involved
Tokenization, tokens, and their types and standards
DLT, blockchain, and the different types and layers
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.
Join the community
© 2023 Polymesh Association. All Right Reserved