Transverse waves are characterized by their wavelength, which is the distance between two crests, and their period, the time it takes for a particle to complete one oscillation. Energy transfer occurs from one particle to another, causing them to oscillate in a sequential manner, but this does not affect the overall time period of the wave. Each particle oscillates in a slightly different phase, yet they all complete their cycles within the same time frame, allowing for the formation of a complete wave. The discussion emphasizes the importance of understanding the relationship between wavelength, frequency, and time period in wave mechanics. Clarifying these concepts can enhance comprehension of how waves propagate through a medium.