Replying to Qno

I believe it settles on chain periodically with a single balance and a summary of all transactions instead of settling each transaction in turn.
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Disturbia 2y ago

Confirmation is the process by which a transaction can be seen on your wallet. Finality is the point where a transaction cant be reversed and hence can be spent.

Bitcoin confirmation is by block time (1 block) . As for finality, bitcoin doesnt have true finality as transaction can always be reorg, but generally accepted at 3 block time

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Qno 2y ago

Yeah and I don't think lightning does finalise. There's an element of trust and safety in numbers until finalisation on the blockchain.

f3
Qno 2y ago

Please correct me if I'm wrong.