What's Transaction ID

The Transaction ID (TXID), also known as the transaction hash, is a unique identifier for each transaction on the blockchain. It is generated by applying a hash function to the transaction details, including the sender's address, recipient's address, and the amount of cryptocurrency being sent. The TXID serves as a unique and immutable proof of the digital currency transaction, similar to a bank transfer's reference number, and can be used to verify and track transactions.

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