Does the Latest strategy include a data buffer mechanism?

In the Latest strategy (for example, in the context of Flow or LiveData in Android), there is no separate data buffer mechanism that accumulates multiple values. Latest means that only the most recently emitted value is stored and accessible at all times. If a new value arrives, it replaces the previous one, and subscribers receive exactly this last value. Thus, a buffer in the traditional sense is absent — only one current value is stored.