Posts tagged IoT
Blockchain Finality In IoT

Finalitythe irreversibility in the transferring of ownership, is something that many of us don’t think about in our day-to-day dealings. We trust that when we see our paycheck arrive in our bank account that the money is ours to spend, that when we swipe our card buying groceries that once it says “Approved” we can walk out of the door with what we bought and when we see that bitcoin show up in our wallet, that it is officially ours, but behind all of this is a carefully considered judgment on the probability of the transaction that just occurred being reverted. As is the case with most imperceptible things that are part of the basic fabric of our life, it is essential to the normal operation of every transaction based system.

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