Question

What is a transaction ID (TXID)?

Answer 1

A transaction ID (TXID) is a unique identifier assigned to every transaction that occurs on a blockchain network. It is a string of alphanumeric characters that helps users track and verify transactions on the blockchain. TXIDs are used to confirm the details of a transaction, including the sender, receiver, amount, and timestamp.

Answer 2

A transaction ID (TXID) is a unique identifier that is assigned to each transaction on a blockchain network. It is a string of alphanumeric characters that helps to track and identify a specific transaction. TXIDs are used to verify the sending and receiving of digital assets, such as cryptocurrencies, on the blockchain.