Rapid Transaction

Definition ∞ A rapid transaction describes a digital asset transfer processed and confirmed on a blockchain network with exceptionally low latency. This capability is essential for applications requiring high throughput and near-instant finality. Achieving rapid transactions often involves advanced consensus mechanisms or layer-2 scaling solutions. It enhances user experience and network utility.
Context ∞ The pursuit of rapid transactions is a central theme in the ongoing competition among various blockchain platforms. News reports frequently compare the transaction per second capabilities of different blockchains. Delivering truly rapid and secure transactions remains a key technical challenge and a primary driver of innovation in the digital asset space.