Definition ∞ A multi-step transaction refers to a series of interconnected operations executed sequentially within a smart contract or across multiple contracts on a blockchain. Each step typically depends on the successful completion of the preceding one. These transactions are common in complex decentralized applications, such as those involving swaps, lending, or liquidity provision. Ensuring atomicity and security across all steps is a primary design consideration.
Context ∞ In crypto news, multi-step transactions are often discussed in relation to decentralized finance (DeFi) exploits, where a vulnerability in one step can compromise the entire sequence. Developers focus on robust auditing and formal verification to secure these complex interactions. Innovations in transaction bundling and meta-transactions also aim to streamline multi-step processes, improving user experience and reducing gas costs for digital asset operations.
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