Re:Big Banks Are All Over Blockchain
by viraptor on Thursday December 28, 2017 @01:36AM
(#16020704)
> everyone sees the same data in block number X
The same data in a specific block, but not everyone necessarily agrees that the same block is the latest one. That's why you don't have 100% confidence in a single block confirmation.
Re:Big Banks Are All Over Blockchain
by viraptor on Thursday December 28, 2017 @01:28PM
(#16023812)
And until it's not confirmed enough times, the number on your account can effectively change if enough parties agree. You seem to agree with what I wrote so far...
The same data in a specific block, but not everyone necessarily agrees that the same block is the latest one. That's why you don't have 100% confidence in a single block confirmation.