Explain the Concept of “Finality” in a PoS Blockchain.
Finality refers to the guarantee that once a transaction or block is recorded on the blockchain, it cannot be reversed, altered, or reverted. In PoS systems, finality is often achieved when a supermajority (e.g. two-thirds) of the staked capital has attested to the block's validity.
This provides a stronger, more immediate guarantee of immutability than the probabilistic finality of PoW's longest chain rule.
Glossar
Probabilistic Finality
Certainty ⎊ Probabilistic finality within cryptocurrency and derivatives represents a quantified assessment of settlement irreversibility, diverging from traditional absolute finality models.
Faster Finality
Determinacy ⎊ Faster Finality, within cryptocurrency and derivative markets, signifies a reduction in the probabilistic nature of transaction settlement, moving towards assured state confirmation.