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Glite Dictionary
✅ Making complete 🔗 Confirming transactions
finalization

finalization

7.2
A process where a block or transaction is confirmed so it cannot be changed
  • noun
  • /ˌfaɪnəlaɪˈzeɪʃən/
  • Specialized
translation icon : finalización
  • The finalization of the transaction on the blockchain ensures that it cannot be altered by anyone.

Examples

  • The network required multiple confirmations before the finalization of the new block could take place.

  • After the finalization of the smart contract, all terms became binding and irrevocable.

  • It was the big one, the finalization of several conjoining forks into one, unimaginable fury.

    Fiction book (2001)

Synonyms

finality
vsfinalization
  • Specialized
1 8.6

The moment when a transaction on a blockchain cannot be changed

describes the ongoing steps taken to make a block unchangeable

Antonyms

pending
18 3.0

Waiting for a decision or result

How Final

immutability
1 8.5
finalization
  • Specialized
7.2
propagation
4 6.5

Surface Forms

finalization singular
finalizations plural

Morphology

finalization = finalize (semi-transparent) = final + ize + ation

Morphologically the noun is formed from 'finalize' + '-ation', but in blockchain contexts 'finalization' denotes a technical irreversible confirmation that learners may not infer from the components alone.

Etymology

Finalization uses the same root final ('end') and the part -ize ('to make'). In blockchain, finalization means making a block or transaction truly 'final' so it cannot be changed later.