Crypto 101 📚 Transaction Finality
To overturn an Ethereum block that has already been finalized, an attacker would have to be penalized by losing at least one-third of their total staked ETH.
Finality is the property that confirmed transactions or blocks can no longer be reversed or rewritten.
Understanding this won’t make me money right away, but it can help me avoid a few basic mistakes.
On Ethereum, the staked $ETH is the guarantee of finality: overturning a finalized block would mean losing a large amount of staked ETH. Current price: 2412.63.
#ETH
To overturn an Ethereum block that has already been finalized, an attacker would have to be penalized by losing at least one-third of their total staked ETH.
Finality is the property that confirmed transactions or blocks can no longer be reversed or rewritten.
Understanding this won’t make me money right away, but it can help me avoid a few basic mistakes.
On Ethereum, the staked $ETH is the guarantee of finality: overturning a finalized block would mean losing a large amount of staked ETH. Current price: 2412.63.
#ETH