Reconfigurable intelligent surface (RIS) is anticipated to augment the performance of beyond fifth-generation (B5G) and sixth-generation (6G) networks by intelligently manipulating the state of its components. Rather than employing reflective RIS for aided communications, this paper proposes an innovative transmissive RIS-enabled transceiver (TRTC) architecture that can accomplish the functions of traditional multi-antenna systems in a cost-effective and energy-efficient manner. First, the proposed network architecture and its corresponding transmission scheme are elaborated from the perspectives of downlink (DL) and uplink (UL) transmissions. Then, we illustrate several significant advantages and differences of TRTC compared to other multiantenna systems. Furthermore, the downlink modulation and extraction principle based on time-modulation array (TMA) is introduced in detail to tackle the multi-stream communications. Moreover, a near-far field channel model appropriate for this architecture is proposed. Based on the channel model, we summarize some state-of-the-art channel estimation schemes, and the channel estimation scheme of TRTC is also provided. Considering the optimization for DL and UL communications, we present numerical simulations that confirm the superiority of the proposed optimization algorithm. Lastly, numerous prospective research avenues for TRTC systems are delineated to inspire further exploration.