A TransactionA transaction is a record of an event that occurred in the past. Transactions typically occur during the course of... Read More 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.... Read More. 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... Read More. 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... Read More 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... Read More, 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.
