Hello it isn't 3 second block confirmation times the last reversible block takes about 40 seconds to update because of the 2/3 of 21 witnesses validation of blocks system
RE: It's time to start paying attention to Steem
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It's time to start paying attention to Steem
You are correct about the 40 second last reversible block time. The block confirmation time is not the same as irreversibility though. Each time a new block is confirmed counts as a 'confirmation' but one confirmation does not equal an irreversible transaction.
With BTC transactions for example, people typically say to wait at least three confirmations before trusting a transaction (sometimes more).
With STEEM, it is best to wait for at least 16 confirmations, since that is the point it reaches the irreversible block.
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