What is a txid in the world of crypto?

3 answers

• Anhadh MeshriNov 22, 2022 · 3 years ago
  A txid, short for transaction ID, is a unique identifier that is assigned to each transaction on a blockchain. It serves as a way to track and verify transactions. Think of it as a digital fingerprint for a transaction. It allows anyone to look up a specific transaction and see its details, such as the sender, recipient, and the amount transferred. This helps ensure transparency and accountability in the world of crypto.
  424

  212
• Ahmed ElboosNov 30, 2020 · 5 years ago
  Hey there! So, a txid is basically a fancy term for a transaction ID in the crypto world. It's like a receipt or a proof of transaction. It helps you keep track of your transactions and verify them on the blockchain. Whenever you make a transaction, you'll get a unique txid that you can use to look up the details of that transaction. It's pretty handy if you ask me!
  368

  123
• upsheepMar 20, 2022 · 4 years ago
  A txid, also known as a transaction ID, is a unique identifier that is assigned to each transaction on a blockchain. It's like a digital signature that helps ensure the integrity and security of the transaction. When you make a transaction, it gets recorded on the blockchain and assigned a txid. This txid can then be used to trace the transaction and verify its authenticity. It's an important concept in the world of crypto and plays a crucial role in maintaining the decentralized nature of cryptocurrencies.
  512

  128