List of Flash News about transaction finality
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2025-07-29 10:28 |
Zero Knowledge Proofs Enhance Blockchain Validity but Not Finality: Trading Implications for Crypto Market
According to Patrick McCorry, zero knowledge proofs (ZKPs) significantly improve the speed and efficiency of validating blockchain data by allowing users to quickly verify the truth of a statement or block. However, ZKPs do not address transaction finality, which still requires robust consensus protocols to determine the correct order of valid blocks. For traders, this distinction is critical as it affects the scalability and security of blockchain networks, influencing the reliability of platforms that utilize ZKPs for transaction validation but rely on separate mechanisms for finality. As adoption of ZKP technology grows, understanding its limits and trading on networks with strong consensus remains essential for risk management (source: Patrick McCorry). |