What is Finality Rate?

Finality is a blockchain state (or status) that occurs after a blockchain transaction has been confirmed and can no longer be canceled, reversed, or altered by any of the network participants. The finality rate is the amount of time it takes to reach a finality state after a transaction is executed. This rate can be measured in seconds or blocks, depending on the blockchain in question, as well as on the context in which this term is applied.