A Transaction ID (TXID)A transaction ID (TXID) or transaction hash is a unique string of characters given to every transaction that’s verified and... Read More is an identification number assigned to every verified transactionA transaction is a record of an event that occurred in the past. Transactions typically occur during the course of... Read More on a blockchainA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by.... On blockchainsA blockchain is a distributed database that is shared among the nodes of a computer network. Read More that support TXIDs (or equivalent), every transaction that has ever occurred on the blockchain will have a TXID assigned. The TXID is generated by the blockchain and assigned when new transactions are added to the chainA chain is a linear sequence of data blocks. Each block contains a cryptographic hash of the previous block and... Read More. The TXID verifies that the transaction took place and facilitates the user’s ability to directly reference the transaction as needed (i.e., in a communication). Tools such as blockGroups of data within a blockchain. On cryptocurrency blockchains, blocks are made up of transaction records as users buy or sell... Read More explorers use the TXID. In a block explorerBlock explorer refers to an application or a website that displays information and the status of transactions of a given... Read More, the user can search for a transaction using the transaction ID. Block explorers provide basic transaction information such as: amount sent; date of transfer; sending and receiving addresses; and the number of network confirmations the transaction has received.
