What is a hash (TXID) of a transaction?
TXID (Transaction ID, transaction hash) is a unique identifier of a cryptocurrency transaction — a kind of “passport” of the transfer that allows it to be accurately identified and verified on the blockchain of a specific cryptocurrency.
What a TXID is:
To track the transaction status, use dedicated blockchain explorers that display full transaction details, including the amount, sender and recipient addresses, number of confirmations, and the current status of the transaction.
- a unique sequence of alphanumeric characters;
- automatically assigned to every cryptocurrency transaction;
- cannot be changed or forged once recorded on the blockchain;
- allows tracking the transaction status in a public ledger.
- when a transaction confirmation is delayed;
- if funds have not been credited to the recipient’s wallet;
- to check the number of network confirmations;
- when contacting the support service of an exchange or platform.
- to verify whether the transaction was broadcast to the network;
- to confirm if it has been validated by miners or validators;
- to determine the current processing stage of the transfer;
- to rule out technical issues or network delays.
To track the transaction status, use dedicated blockchain explorers that display full transaction details, including the amount, sender and recipient addresses, number of confirmations, and the current status of the transaction.