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Definition(s):

A scheme that enables the off-chain processing of transactions by a group of participants with instant second layer finality and deferred on-chain settlement via state updates.
Source(s):
NISTIR 8301

Glossary Comments

Comments about specific definitions should be sent to the authors of the linked Source publication. For NIST publications, an email is usually found within the document.

Comments about the glossary's presentation and functionality should be sent to secglossary@nist.gov.

See NISTIR 7298 Rev. 3 for additional details.