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Finality (Settlement Finality)
HomeGlossary TermsFinality (Settlement Finality)

Finality (Settlement Finality)

June 28, 2023BY Ubik Capital
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Finality, also known as settlement finality, refers to the state in which a transaction is considered absolute and confirmed by the blockchain network protocol. Until settlement finality is achieved, a transaction remains pending and is not considered fully completed. Rapid and widespread settlement finality is crucial for achieving high throughput scalability on a blockchain, which is vital for the extensive application of decentralized technology in global enterprise use cases.

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