Execution

Execution in which the same valid transaction and prior state always produce the same resulting state across compliant nodes.

A transaction-processing design that executes non-conflicting transactions concurrently to increase throughput.

A system property where transaction processing order, cost, or computational behavior can be reliably anticipated under defined rules.

A transaction-processing design that executes transactions one after another in a defined order.

A computational model where a system moves from one defined state to another according to deterministic transition rules.

The deterministic change from one blockchain state to another caused by processing a valid transaction or block.