What do we mean when we say that blockchain has transaction finality/immutability?
It means that a transaction can`t be reversed/undone or changed. Although Ivan said in the lecture “after confirmation” which suggest there is time-window in which things can be undone or changed. But I do not understand how. Or am I drawing a conclusion which is not correct? Is there anyone who can help me out with this one?
How does this lead to the trustless environment that blockchain creates?
There is no third party involved.And both party have take responsibility for the agreed terms since it is
impossible to change or undo.But this relative because in many cases both side of the transaction are not done simultaneous. In case off online shopping you often pay upfront so you still have to thrust the other and the delivery-service.