Settlement that closes while the customer is still looking at the screen
Commit happens within about a second of sending, and once committed, nothing can undo it.
For finance leads, exchanges and treasury teams who need to know exactly when money has moved and exactly what word to use for it.
Ask a bank when a wire is final and you get a business day and a cut-off time. Ask a card network and you get a chargeback window measured in months. Ask most blockchains and you get a number of confirmations and a shrug. On Paxeer X the answer is about a second, and it is unconditional. A committed transaction has a validator supermajority behind it and cannot be reorganized, reversed or reordered.
How finality compares
| Time to final | Can it reverse? | |
|---|---|---|
| Card payment | Up to 120 days | Yes, by chargeback |
| Bank wire | Hours to a business day | Rarely, by recall |
| Typical blockchain | Minutes, after several confirmations | In theory, by reorganization |
| Paxeer X | About a second | No |
Three words your product can use honestly
Every transaction on Paxeer X is in exactly one of three states, and the names are the same in the wallet, the explorer, every SDK and your statements. There is no fourth state and no asterisk.
- Sent. You hold the transaction and its hash. It has been handed to the network but not yet executed. It is never shown as a success.
- Receipted. The network has executed it and signed the result. Pending reads already reflect it, and its place in the next block is fixed.
- Committed. It is in a block with a validator commit. This is final. There is no later state and nothing left to wait for.
What this means for your books
A treasury team reconciling a day of agent payments has very little to reconcile. Each committed transaction is settled and final, with a signed receipt to file. There is no pending column, no float and no cut-off time. A payment does not sit somewhere waiting for a batch run; it is either final or it has not happened, and your statement says which.
A transaction is either receipted or refused. There is no replacing a stuck transaction with a higher fee, because nothing gets stuck.
Common questions
Related
See how the network stays final
Validators, nodes and the roles that keep every block committed.