What it means
When a transaction can no longer be changed or reversed by anyone.
Card payments can be charged back for months; a final onchain payment can't.
How it works
That's why it matters to check the recipient and the amount before you confirm.
Related terms
| Term | What it means |
|---|---|
| Confirmation | The point where a transaction is included in a block and accepted by the network. |
| Transaction | One action recorded on a blockchain, such as a payment, an exchange or a deposit. |
This glossary explains terms in general. It isn't investment, tax or legal advice.