This technical level is beyond my knowledge but I don't know how convenient it is to sacrifice security just to gain a few seconds in speed, currently the Hive blockchain is quite fast, tokens sent between users and cex, are received in less than a minute.
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The real bonus isn't waiting less time for money to appear on a centralized exchange.
The real value of this code is that it deduces lag on dapps from 60 seconds to 3 seconds.
Code that requires the block to become irreversible will increase in speed by x20.
This code is meant to synergize with the Hive Application Framework that's being launched.
But that opens the window to possible attacks, doesn't it? We know that the incentive that witnesses receive is quite important but the fact that they can reverse, change or remove a block is very dangerous.
There are multiple concerns in the comments on blocktrades original post if you care to read them.
Blocktrades answers all of them.
The attack vectors are few and far between, and most of them are extreme edge cases, and even then it appears as though the code being implemented will prevent those things from happening.
Just like any other blockchain, the longer that block has been on the chain the more secure it gets. This code is trying to make the most recent blocks more secure than they were before.