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Low Confirmation Latency

Definition

Low confirmation latency means that transactions on a blockchain network are verified and added to the ledger very quickly. This characteristic indicates the short time interval between submitting a transaction and its irreversible inclusion in a block, providing prompt finality. Protocols designed for low latency are crucial for applications requiring rapid settlement, such as high-frequency trading or point-of-sale transactions. Achieving minimal confirmation times enhances user experience and expands the practical utility of decentralized systems.