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Transaction ID (TXID)

    A transaction ID (TXID) or transaction hash is a unique string of characters given to every transaction that’s verified and added to the blockchain. In other words, a TXID is an identification number that labels each transaction on the blockchain.

    When you make a transaction, and it gets added to the blockchain, it’s given a transaction ID as a unique identifier. Depending on the blockchain used, you can then find it in a block explorer by searching for the transaction ID. This can be useful for verifying basic transaction information, such as the amount sent, the date of transfer, the sending/receiving address, and the number of network confirmations that the transaction has received.

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