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finality

finality

1 8.6
The moment when a transaction on a blockchain cannot be changed
  • noun
  • /faɪˈnælɪti/
  • Specialized
translation icon : confirmación definitiva
  • The network reached finality on the blockchain transaction after several confirmations.

Settlement means changing the data and a Ledger and, and doing it with finality.

Examples

  • So this is supposed to be nearing finality at this point, Yes.

  • Death is the only part of life that is really final, and I learned about the awesomeness of finality during my 12 weeks with those two very dead people.

    Blog text (1)
  • If the case against having a fully private interbank payment system is weak, the claim that either Fed guarantees of payment finality or a switch to real-time gross settlement is better is even weaker.

    Academic text (1997)
  • The ideal would seem to be to find a way to allow insiders to affirm what the Jewish sense of election, the Christian sense of the uniqueness of Christ, or the Muslim sense of the finality of the Qur'an has implied about the sacrosanctness of their tradition, without making that tradition seem to be claiming to stand in for God.

    Academic text (1991)
  • The government, on the other hand, usually hesitated in giving settling PRPs what would amount to complete releases from liability. In the 1985 Hazardous Waste Enforcement Policy, the EPA acknowledged that contribution protection for settlors was valuable as a means of providing finality to settlements.

    Academic text (1991)
  • Users can feel confident once the system has achieved finality for their transactions.

  • Achieving finality ensures that once a block is confirmed, it cannot be altered or reversed.

Synonyms

finalization
vsfinality
  • Specialized
7.2

A process where a block or transaction is confirmed so it cannot be changed

is the single point reached when the network completes agreement
conclusiveness
vsfinality
6.8

A final result that leaves no doubt

applies specifically to a technical point in distributed systems after network agreement

Antonyms

18 3.0

Waiting for a decision or result

How Final

finality
  • Specialized
1 8.6
confirmation
  • Formal
230 2.5

Surface Forms

finality singular
finalities plural

Morphology

finality = final (transparent) = final + ity

The noun 'finality' is transparently derived from the adjective 'final' with the suffix '-ity' indicating a state or quality.

Etymology

Finality comes from the same root finis, meaning 'end', as in final or finish. In blockchain use, finality means a transaction has reached its 'end' and is accepted so it cannot be changed.