Cryptocurrency Q&A What is ID in Crypto?

What is ID in Crypto?

LightWaveMystic LightWaveMystic Wed Oct 30 2024 | 6 answers 1336
I've been hearing a lot about crypto and blockchain technology recently, and I'm trying to understand the basics. One term that I often encounter is 'ID' in the context of crypto. What does 'ID' mean in this field? What is ID in Crypto?

6 answers

WhisperInfinity WhisperInfinity Fri Nov 01 2024
A transaction hash/ID, often abbreviated as tx hash or txn hash, holds a unique significance in the realm of blockchain technology.

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DigitalLord DigitalLord Thu Oct 31 2024
BTCC, a prominent cryptocurrency exchange, offers a comprehensive range of services that cater to the needs of crypto enthusiasts.

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ShintoBlessed ShintoBlessed Thu Oct 31 2024
It functions akin to a receipt, providing concrete proof of a transaction's existence and validation.

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CryptoLord CryptoLord Thu Oct 31 2024
Each transaction hash is distinctive, ensuring that it can be easily traced and verified.

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Caterina Caterina Thu Oct 31 2024
The addition of a transaction to the blockchain is marked by the generation of this unique identifier.

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