NETDEX FOUNDATION
  • Introduction
  • Blockchain Challenges
    • Scale, Finalization, and Consensus
    • Decentralization vs. Functional Confirmation Times
    • Fees
    • Accessibility
    • Tokenomics
    • Reputation
  • NetDex Solutions
    • A Robust Blockchain Protocol
      • Scalability
      • Compatibility
      • Permissionless Decentralization
      • Leaderless Proof of Stake
      • Cryptography
    • Battle-Tested Security
      • Proof of Stake Security
      • Protection Against Sybil Attack
      • Protection from a Parasite Chain Attack
      • Protection Against Denial of Service Attack
      • Quantum Secure
    • Engaged Communities
      • Building Reputation
      • Engaged Tech-Literate Community
      • Engaged Wider Community
    • Resilient Economics
      • Bootstrapping
      • Deflation
      • Digital Asset Growth
  • Technical Overview
    • Netdex Chain and the Directed Acyclic Graph
    • The Lachesis Consensus Algorithm
    • Validator Node Minimum Requirements
  • Products
    • DEX
    • NFT Marketplace
    • LaunchPad
    • NetDex Metaverse
    • Cross-Chain Bridges
    • Yield Optimizers
    • Lending-Borrowing Portal
  • TOKENOMICS
    • Tokenomics
  • NETDEX
    • 🧰Privacy Policy
    • ✅Terms of Service
    • 📸Social Media
    • 📨Bug Bounty
  • More
    • 🔍Market Status
      • DeFi Market Overview
      • NFT Market Overview
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  1. Blockchain Challenges

Decentralization vs. Functional Confirmation Times

PreviousScale, Finalization, and ConsensusNextFees

Last updated 12 months ago

The need to potentially revert a near-consensus event dictates the finality time in distributed ledgers like Bitcoin and Ethereum. Not only is consensus reversible, but the confirmation time for that consensus is slow. Consequently, many blockchains operate on "probabilistic finality," where you can be reasonably sure your transaction won't be reversed.

This is why centralized chains have been favored for DeFi, meeting customers' expectations regarding transaction speed. However, this solution compromises decentralization, making them susceptible to Denial of Service (DoS) attacks as outlined in .

A superior solution has been implemented in the NetDex Blockchain, detailed in "" for more on this Robust Blockchain Protocol.

Section Proof of Stake Security
The NetDex Solution