I’d like to have a little clarification on notaries. I understand that:
- Notaries can be non-verifying and only checking there is no double-spending
- Notaries can be verifying and validate a transaction which inputs designed them as notaries
However, what/who are they exactly? -no coding background-
-> When I will set up my network /flow, who will I assign as a notary or cluster of notaries? For example if I have a money transfer (P2P), can my company be its own “verifying” notary? Then only check if there has been no double-spending and validate the transaction automatically? If so, how do we set-up a cluster of notaries then (including 3rd parties)? I’m really trying to understand what is Behind it?