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Shades of Finality and Layer 2 Scaling. (arXiv:2201.07920v1 [cs.CR])
Jan. 21, 2022, 2:20 a.m. | Bennet Yee (1), Dawn Song (1), Patrick McCorry (2), Chris Buckland (2) ((1) Oasis Labs, (2) Infura)
cs.CR updates on arXiv.org arxiv.org
Blockchains combine a distributed append-only log with a virtual machine that
defines how log entries are interpreted. By viewing transactions as state
transformation functions for the virtual machine, we separate the naming of a
state from the computation of its value and reaching consensus on that value.
This distinction allows us to separate the notion of transaction order finality
from state value finality. Further consideration of how blockchain governance
handles catastrophic failures such as zero day exploits leads us to …
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