How complex are our contracts?
I propose that timeout dictates, the ore trusted the notaries, the shorter the timeouts, and the more complex the contract sequences. The simplest is thead oc ledger swap between untrusted notaries. Then as notaries become mostly trusted timeouts shrink, the transaction rate for contract verification drops as the notaries obtain shorter physical oaths, fewer consensus exchanges. The other extreme is the cache router inside the processor where cash timeouts are very short, but consensus is fastest path in the cache.
Between the two extremes we have a range. In that range, notaries control by distributing the cost of revoke. As the timeouts shrink, that cost drops until in the cach, deliberate trevokes are considered counterfeit, the processor is unverified.
It is sufficient to have fraud, revoke and bankruptcy queued and priced, not necessarily eliminated. Prequal greatly partials out risk fairly. Bu revoke queues become visible, the contracts thereby risk priced for failure to deliver. The range of solutions set involving specialized notary functions is large.
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