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web3glossaryfinal state
Final State

Summary

The final state in web3 refers to the ultimate condition or configuration of a smart contract or blockchain protocol after it has executed all transactions or processes.

Detailed Description

In the context of smart contracts, the final state represents the conclusive result that is reached once all relevant operations have been carried out. This can include modifications to asset ownership, updates to contract variables, and alterations to the overall environment in which the blockchain operates. Since blockchains are designed to be immutable and transparent, the final state is an important aspect that ensures trust among participants, as it reflects the last and unchangeable outcome of all executed transactions.

Category
Blockchain Terminology
Synonyms
Closing State
Final Outcome
End State

Impact Details

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Decentralized Finance Transactions

In Decentralized Finance (DeFi), the final state after transactions shows the new balances of tokens once a trade or swap is executed.

Industries:

Finance
Investment

Platforms:

Ethereum
Binance Smart Chain
Gaming DApps

In blockchain-based games, the final state reflects the player's assets and achievements after all in-game actions have been processed.

Industries:

Gaming
Entertainment

Platforms:

Ethereum
Polygon
Supply Chain Tracking

Final states are used in supply chain management to verify the completion of processes and transfers of goods.

Industries:

Logistics
Manufacturing

Platforms:

Hyperledger
VeChain

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