A transaction hash or ID (often shortened as tx hash or txn hash) is a distinct identifier, much like a receipt, that acts as evidence of a transaction being validated and included in the blockchain. Frequently, a transaction hash is required to locate funds.
Transaction hashes serve several purposes:
- Confirmation of Transaction: Similar to receiving a purchase receipt from a store, a transaction hash provides confirmation that a transaction has occurred.
- Accessing Transaction Details: Transaction hashes enable users to access specific transaction details such as the sending and receiving addresses, amount transacted, date and time of the transaction, network fees, and confirmations.
To examine transaction hash details, individuals can utilize a block explorer, a website that allows searching for a hash and viewing the associated ledger.
Since there are multiple blockchains, each cryptocurrency asset operates on at least one. Therefore, when searching for a transaction hash on a block explorer, it's essential to use the appropriate one for that specific blockchain. For instance:
It's crucial to identify the blockchain on which a transaction occurred to ensure accurate viewing on the correct block explorer. Attempting to search for a transaction hash on an incompatible block explorer may yield no results or provide inaccurate information.
Here is a list of popular block explorers for various cryptocurrencies:
- Bitcoin (BTC): Blockchain.com
- Ethereum (ETH): Etherscan.com
- Litecoin (LTC): coin.cz
- Dogecoin (DOGE): blockchair.com/dogecoin
- Shiba Inu (SHIB): Etherscan.com
- Ripple (XRP): https://xrpscan.com/
- Cardano (ADA): https://cardanoscan.io/
Understanding transaction hashes and utilizing the appropriate block explorer is essential for effectively managing cryptocurrency transactions.
Comments
0 comments
Please sign in to leave a comment.