Recently, I’ve seen people watching large on-chain transfers and hot/cold wallet movements on exchanges, shouting "Smart money is coming/going." Honestly, I’m curious too, but don’t be intimidated by the terminology—just focus on one main thread: what exactly does this chain "record," who is first in line, and does the final count matter?
Data availability essentially means: you think it’s been recorded, but in reality, others can’t see or access it, so arguing about right or wrong later is meaningless; ordering is: at the same second, you and I both click confirm, and who confirms first or la