Ethereum : Eli5 – Concept of finality

Ethereum update: Eli5 – Concept of finality

I should know this by now, but I’ve always glossed over the term. My understanding is that PoW doesn’t have it but PoS will. What exactly is it and why does it matter. Any insight would be greatly appreciated.

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About Ethereum

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.

Author: BeerBellyFatAss

Score: 76

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