$STRK explainer: transaction success and finality answer different questions.
Starknet's documentation separates execution status from finality status. Execution tells you whether the transaction succeeded or reverted. Finality describes how far the transaction has progressed through the network's confirmation process.
A successful execution is therefore not the same observation as acceptance on L1. The documentation distinguishes acceptance on L2 from a later state update on L1. Checking both fields in the transaction receipt gives a clearer picture than relying on a single success message.
There is another practical detail: a reverted transaction can still incur an execution fee. Failure does not necessarily mean no cost.
At 14:06 UTC on October 14, Binance's STRK/USDT ticker showed approximately 0.08022 USDT, down 8.19% over its rolling 24-hour window. That exchange price snapshot is separate from the status of any on-chain transaction.
Risk to watch: neither a successful transfer nor a network confirmation guarantees the safety or value of the asset being transferred.
When checking an on-chain transaction, do you review both execution and finality?
Starknet's documentation separates execution status from finality status. Execution tells you whether the transaction succeeded or reverted. Finality describes how far the transaction has progressed through the network's confirmation process.
A successful execution is therefore not the same observation as acceptance on L1. The documentation distinguishes acceptance on L2 from a later state update on L1. Checking both fields in the transaction receipt gives a clearer picture than relying on a single success message.
There is another practical detail: a reverted transaction can still incur an execution fee. Failure does not necessarily mean no cost.
At 14:06 UTC on October 14, Binance's STRK/USDT ticker showed approximately 0.08022 USDT, down 8.19% over its rolling 24-hour window. That exchange price snapshot is separate from the status of any on-chain transaction.
Risk to watch: neither a successful transfer nor a network confirmation guarantees the safety or value of the asset being transferred.
When checking an on-chain transaction, do you review both execution and finality?