Overview

A transaction of digital assets refers to the transfer of ownership of digital assets from one party to another. Assets may be transferred between decentralized applications (dApps), individuals or organizations.

After transactions are made, they are verified and recorded as entries on a blockchain network, which is essentially a digital public ledger with no central authority (such as a bank). These entries can be viewed by anyone and cannot be altered.

Digital asset transactions are secured through cryptography. See our Wallets guide for more information on cryptographic keys and how they are used to authenticate transactions.

Transaction Status Flow

When you create a transaction in Palisade, it flows through several stages from initial request to final confirmation on the blockchain. Understanding these stages helps you track transaction progress, handle delays, and troubleshoot issues.

Every transaction follows a predictable path through these stages:

REQUESTED → POLICY CHECK → APPROVAL (optional) → COMPILATION → SIGNATURE → PUBLISHING → CONFIRMATION → CONFIRMED

The Complete Stage Breakdown

Stage	Description	What Happens
REQUESTED	Transaction created	Your transaction request is received and queued for processing
POLICY_CHECK_PENDING	Policy validation in progress	Palisade verifies the transaction against your configured policies (wallet limits, daily limits, etc.)
POLICY_CHECK_PASSED	Policy validation passed	Transaction cleared policy checks and is eligible to proceed
APPROVAL_CHECK_PENDING	Awaiting approvals	If your transaction requires approvals, it waits here for authorized users to approve it
APPROVAL_CHECK_PASSED	All approvals obtained	Required approvals have been granted
COMPILATION_PENDING	Preparing for blockchain	Transaction is being prepared and encoded for the target blockchain
COMPILED	Blockchain-ready	Transaction is now in blockchain format and ready for signing
SIGNATURE_PENDING	Waiting for signature	Transaction is waiting to be cryptographically signed by your wallet
SIGNED	Signature complete	Transaction has been signed and is ready to submit to the blockchain
PUBLISH_PENDING	Submitting to blockchain	Transaction is being submitted to the blockchain network
PUBLISHED	On the blockchain	Transaction has been received by the blockchain network
CONFIRMATION_PENDING	Waiting for finality	Blockchain is processing the transaction; awaiting block confirmation
CONFIRMED	Transaction complete	Transaction is finalized on the blockchain (terminal state)

Important Notes

Linear Progression: Transactions always move forward through these stages—they never go backward. Once a stage is passed, the transaction continues forward.

Approvals Are Optional: If your wallet doesn't require approvals, the transaction skips the APPROVAL_CHECK_PENDING and APPROVAL_CHECK_PASSED stages entirely.

Asynchronous Processing: Status updates happen automatically as Palisade and the blockchain process your transaction. You don't need to take action between stages.

Failure States: At any stage, a transaction may be rejected or fail:

REJECTED: The transaction was denied (e.g., policy rejection, approval denial)
FAILED: A technical error occurred during processing

Monitoring Transaction Status

You can check transaction status through:

Dashboard: View status in the Transactions tab of your wallet
API: Use the transactions API to programmatically fetch current status
Webhooks: Get real-time notifications when transactions change status (see Webhooks)