A TransactionA transaction is a record of an event that occurred in the past. Transactions typically occur during the course of... ID (TXID) is an identification number assigned to every verified transaction on a blockchainAs a distributed ledger technology (DLT), a blockchain is a digital ledger that can create an immutable record of transactions..... On blockchains that support TXIDs (or equivalent), every transaction that has ever occurred on the blockchain will have a TXID assigned. The TXID is generated by the blockchain and assigned when new transactions are added to the chainA chain is a linear sequence of data blocks. Each block contains a cryptographic hash of the previous block and.... The TXID verifies that the transaction took place and facilitates the user’s ability to directly reference the transaction as needed (i.e., in a communication). Tools such as blockA block is a specific type of construct in a blockchain that stores transactional information blocks typically contain transaction information... explorers use the TXID. In a block explorerA block explorer is an application (or website) that displays information and the status of transactions for a given blockchain..., the user can search for a transaction using the transaction ID. Block explorers provide basic transaction information such as: amount sent; date of transfer; sending and receiving addresses; and the number of network confirmations the transaction has received.
