Many people like to boast about decentralization, but here’s the question: do you really expect bank tellers to wait for "6 block confirmations" on the chain before serving customers? This is fundamentally a sign of chaotic product thinking.
In the crypto world, waiting a few minutes is common, since no one rushes. But in the financial markets, it’s a different story—millions of dollars fluctuate every second. Applying Ethereum’s "probabilistic finality" here is like a ticking time bomb for financial risk. Transactions may appear confirmed on the surface, but if the chain forks, data can revert. Such incidents are no small matter in settlement systems.
That’s also why Dusk invests so much effort into developing an "instant finality" consensus mechanism. It’s not just showy tricks, but truly making each block an unchangeable fact once created—something even God cannot alter. This ability to completely eliminate blockchain uncertainty and achieve bank-level certainty is the real reason settlement institutions dare to move their core clearing operations onto the chain. In finance, certainty is the most valuable asset; everything else is just virtual.
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StablecoinSkeptic
· 01-20 06:58
Well said. Waiting for 6 blocks? Bank clients are already complaining.
The certainty on-chain has indeed been exaggerated; probabilistic finality is just a joke in financial settlements.
If Dusk can truly deliver this real-time finality, institutions might dare to engage. But it still depends on whether it can actually be implemented...
This is how the financial world works: certainty > everything, everything else is just talk.
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gas_fee_therapist
· 01-20 05:53
Are we going to keep talking about this? Chain forks and data changes— isn't this exactly the pain point of centralized finance?
To put it simply, Dusk's instant finality sounds great, but bank-level certainty is the real king.
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UnluckyValidator
· 01-20 05:53
Oops, Dusk's "instant finality" sounds like it has some substance.
To be honest, it's ridiculous that these people are still hyping decentralization; the financial system needs stability.
Waiting for 6 blocks is really unbearable, this isn't a product, it's just messing around.
Forking the chain and then changing your mind on the data—who would dare to use this? Banks definitely wouldn't buy into this.
Certainty is indeed valuable; everything else is just air.
Finally, someone has explained this clearly. I've been wanting to criticize this for a long time.
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not_your_keys
· 01-20 05:51
Basically, these consensus mechanisms can't handle real money games at all.
If a chain forks, the account is gone. Who would dare to use it?
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MetaverseMigrant
· 01-20 05:49
Exactly right, the concept of probabilistic finality simply can't enter the financial industry.
True financial-grade settlement relies on determining life or death in just one second, so there's no room for chain reorganization.
I agree with the idea behind Dusk; real-time finality is the ultimate weapon.
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HappyMinerUncle
· 01-20 05:46
Well said. Probabilistic finality is indeed a false proposition; it can't be used in financial scenarios at all.
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DefiSecurityGuard
· 01-20 05:32
ngl, the fork risk angle is legit—seen it wreck settlement systems before. but "god can't change it"? mmm... that's some heavy claims that need actual audit reports backing it up. DYOR on that consensus mechanism, fr fr.
Many people like to boast about decentralization, but here’s the question: do you really expect bank tellers to wait for "6 block confirmations" on the chain before serving customers? This is fundamentally a sign of chaotic product thinking.
In the crypto world, waiting a few minutes is common, since no one rushes. But in the financial markets, it’s a different story—millions of dollars fluctuate every second. Applying Ethereum’s "probabilistic finality" here is like a ticking time bomb for financial risk. Transactions may appear confirmed on the surface, but if the chain forks, data can revert. Such incidents are no small matter in settlement systems.
That’s also why Dusk invests so much effort into developing an "instant finality" consensus mechanism. It’s not just showy tricks, but truly making each block an unchangeable fact once created—something even God cannot alter. This ability to completely eliminate blockchain uncertainty and achieve bank-level certainty is the real reason settlement institutions dare to move their core clearing operations onto the chain. In finance, certainty is the most valuable asset; everything else is just virtual.