Cryptocurrency Q&A
What is a txn hash?
What is a txn hash?
CryptoNerd
Sat Oct 12 2024
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7 answers
1386
I'm curious about something called a txn hash. I've seen it mentioned in relation to cryptocurrency transactions, but I'm not sure exactly what it is or how it works. Can someone explain it to me?
7 answers
CherryBlossom
Mon Oct 14 2024
A transaction hash, also known as tx hash or txn hash, is a pivotal aspect of blockchain technology. It acts as a digital fingerprint, providing a unique identification for every transaction that occurs on the blockchain.
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CryptoKing
Mon Oct 14 2024
This hash serves as a vital piece of evidence, confirming that a particular transaction has been successfully validated and incorporated into the decentralized ledger.
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BitcoinBaroness
Mon Oct 14 2024
Similar to a receipt in traditional financial systems, the transaction hash offers transparency and accountability, allowing users to track and verify the authenticity of their transactions.
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BonsaiBeauty
Sun Oct 13 2024
The generation of a transaction hash involves complex cryptographic algorithms, ensuring that it is not only unique but also tamper-proof. This ensures the integrity and security of the blockchain network.
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CryptoLodestar
Sun Oct 13 2024
Once a transaction hash is created, it becomes immutable, meaning it cannot be altered or deleted. This characteristic makes it an ideal tool for maintaining the accuracy and reliability of blockchain records.
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