Sid_Durrani
Educational Post
What Is A Transaction ID?
A transaction ID (TXID), or transaction hash, can be thought of as an identification number that labels each transaction on the blockchain. It is a unique string of characters that can be verified and added to the blockchain.
When a transaction gets added to the blockchain, it’s assigned a unique transaction ID. The transaction ID is generated by applying a hash function to the transaction details, including the sender's address, the receiver's address, and the amount of cryptocurrency being sent.
Depending on the blockchain used, you’ll be able to f
What Is A Transaction ID?
A transaction ID (TXID), or transaction hash, can be thought of as an identification number that labels each transaction on the blockchain. It is a unique string of characters that can be verified and added to the blockchain.
When a transaction gets added to the blockchain, it’s assigned a unique transaction ID. The transaction ID is generated by applying a hash function to the transaction details, including the sender's address, the receiver's address, and the amount of cryptocurrency being sent.
Depending on the blockchain used, you’ll be able to f
