Why do people say “wait for 6 confirmations” for Bitcoin, but “finality” for Ethereum?
Bitcoin has only probabilistic finality: the more blocks added after a transaction, the lower the chance it will be reversed, but theoretically that chance never reaches zero.
Here’s the key point: when receiving a large payment, wait for enough confirmations or for finality before releasing it—don’t just rely on “it’s on-chain.”
On Ethereum, the $ETH staked is the guarantee of finality: reversing a finalized block would mean losing a huge amount of stake. Current price: 2242.39.
Markets are always uncertain, so decide in advance what you’ll do if you’re wrong.
#ETH
Bitcoin has only probabilistic finality: the more blocks added after a transaction, the lower the chance it will be reversed, but theoretically that chance never reaches zero.
Here’s the key point: when receiving a large payment, wait for enough confirmations or for finality before releasing it—don’t just rely on “it’s on-chain.”
On Ethereum, the $ETH staked is the guarantee of finality: reversing a finalized block would mean losing a huge amount of stake. Current price: 2242.39.
Markets are always uncertain, so decide in advance what you’ll do if you’re wrong.
#ETH