Re:Cryptocurrency Blockchains Don’t Need to Be Energy Intensive
by DennisP on Monday July 05, 2021 @11:11AM
(#27738766)
The same thing happens in PoW networks. You have to wait several blocks to gain confidence that a transaction won't be reverted.
In Ethereum's PoS, by waiting a similar amount of time you actually get finality; at that point your transaction cannot be reverted without a third of total stake being destroyed.
In Ethereum's PoS, by waiting a similar amount of time you actually get finality; at that point your transaction cannot be reverted without a third of total stake being destroyed.