Definition ∞ Blockchain network settlement refers to the final and irreversible recording of a transaction on a distributed ledger. This process involves validating transactions, grouping them into blocks, and appending these blocks to the chain. Once settled, the transaction status is immutable, providing cryptographic assurance of asset transfer. It signifies the definitive conclusion of a digital asset movement.
Context ∞ The speed and cost of blockchain network settlement are critical factors discussed in cryptocurrency news, impacting user experience and network scalability. Debates persist regarding different consensus mechanisms’ efficiency and security properties in achieving finality. Innovations in layer-two solutions and sharding aim to improve settlement throughput.
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