Transaction Id (Txid)
| A transaction ID (TXID) is a unique string of characters that identifies a transaction on a blockchain. Transactions on a blockchain are grouped together in blocks, and each block is given a unique identifier, called a hash. The TXID is used to identify which transaction belongs to which block. When a transaction is first made, it is given a temporary ID, called a nonce. The nonce is used to ensure that the transaction can only be used once. After the transaction is verified, it is given a TXID. The TXID is a hash of the transaction data, plus the nonce. The TXID is a important part of blockchain technology. It allows us to track transactions and ensure that they are valid. Without the TXID, it would be very difficult to keep track of transactions on a blockchain. |
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