Understanding Finality in Blockchain and BNB Smart Chain's Fast Finality Feature
Finality in blockchain ensures irreversible transactions, crucial for securing trust in digital assets. There are different types of finality like probabilistic, instant, and economic. BNB Smart Chain utilizes Fast Finality with PoSA and BFT integration, reducing transaction finality time from 45 seconds to 7.5 seconds, making transactions faster and more secure.