Glossary Term
Transaction Finality
Transaction finality refers to the moment when a blockchain transaction is considered irreversible, permanently recorded, and immune to reversion or alteration within the network.
Beginner
Technology
Crypto Terminology
Transaction Finality: what is it?
Examples
- 1
Transferring SOL between wallets: finality ensures assets cannot be reverted once confirmed.
- 2
On-chain NFT minting: finality guarantees ownership and uniqueness at the point of confirmation.
- 3
DeFi trading: finality underpins reliable execution and settlement of swaps or trades.
Pro Tips
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Always wait for transaction finality before taking irreversible actions based on blockchain state.
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Understand finality speeds for different blockchains to properly assess risk for time-sensitive dApps.