A transaction hash, also known as a TXID, is a unique identifier generated for every transaction on a blockchain network.
This code allows the transaction to be tracked and verified on the blockchain.
When you make a cryptocurrency transaction, the system automatically generates a TXID. This identifier can be used in a blockchain explorer to verify details such as:
• Transaction status
• Number of confirmations
• Sending and receiving addresses
• Transaction amount
The TXID acts as a public record that the transaction occurred on the network.