BlockchainIntermediate

Finality

The degree of assurance that an accepted transaction or block will not be replaced.

PLAIN-ENGLISH DEFINITION

In more detail

Finality answers the practical question: how settled is this payment? Some chains build confidence as more blocks follow; others use explicit consensus finalization under defined assumptions. These are different mechanisms, not a universal guarantee against every failure. Wallets, exchanges and bridges may wait for different levels before treating a transfer as settled.

IN THE WILD

How you might use it

An exchange shows your transfer as detected first, then credits it after the confirmation or finalization conditions it requires are met.

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By Crypto Dictionary · Published · Updated

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