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September 5, 2018 . 5 min read

A Closer Look at BlockFin and Finality

In Storecoin, BlockFin’s finality is a combination of absolute and probabilistic finalities. Once more than 2/3 of validators validate and sign the block containing the transactions, the block has absolute finality, hence the transactions included the blocks also have absolute finality. There is no need to wait for a predefined number of block confirmations as in Nakamoto consensus. However, BlockFin uses an asynchronous consensus algorithm and by definition, it doesn’t make any timing assumptions. So, as the number of signatures reaches the threshhold of > 2/3 of the total number of validators, the probability of finality reaches 1.

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Nothing herein is intended to be an offer to sell or solicitation of offer to buy, Storecoin tokens or rights to receive Storecoin tokens in the future. In the event that Storecoin conducts an offering of Storecoin tokens (or rights to receive Storecoin tokens in the future), Storecoin will do so in compliance with all applicable laws which may include the Securities Act of 1933 and the rules and regulations promulgated thereunder, as well as applicable state and foreign law. Any offering for sale to US Persons in a regulated transaction will be pursuant to a registration statement qualified by the Securities and Exchange Commission, or an applicable exemption from the registration requirements.