Me in the past: Place the order first, figure it out later. Me now: Understand the rules.
Today’s lesson: Transaction finality
Bitcoin has probabilistic finality: the more blocks are added on top of a transaction, the less likely it is to be rewritten, but in theory, that probability never drops to zero.
When depositing to or withdrawing from different chains, each chain has a different finality time, so a slow arrival doesn’t necessarily mean something has gone wrong.
On Ethereum, the staked $ETH serves as a guarantee of finality: overturning a finalized block would result in a significant loss of stake. Currently: 2239.95.
#ETH
Today’s lesson: Transaction finality
Bitcoin has probabilistic finality: the more blocks are added on top of a transaction, the less likely it is to be rewritten, but in theory, that probability never drops to zero.
When depositing to or withdrawing from different chains, each chain has a different finality time, so a slow arrival doesn’t necessarily mean something has gone wrong.
On Ethereum, the staked $ETH serves as a guarantee of finality: overturning a finalized block would result in a significant loss of stake. Currently: 2239.95.
#ETH