How is 'txhash' defined in the world of digital currencies?

3 answers

• Dec 19, 2021 · 3 years ago
  In the world of digital currencies, 'txhash' refers to the transaction hash, which is a unique identifier for a transaction. It is a string of characters generated through a cryptographic hash function, such as SHA-256. The txhash is used to verify and track transactions on the blockchain. It provides a way to ensure the integrity and immutability of transactions, as any changes to the transaction data will result in a different txhash. By checking the txhash, users can confirm the validity of a transaction and trace its history on the blockchain.
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• Dec 19, 2021 · 3 years ago
  When it comes to digital currencies, 'txhash' is the transaction identifier that helps in tracking and verifying transactions. It is like a digital fingerprint of a transaction, ensuring its uniqueness and integrity. The txhash is generated using cryptographic algorithms, making it virtually impossible to tamper with or forge. By checking the txhash, users can verify the authenticity of a transaction and ensure that it has been successfully recorded on the blockchain. It plays a crucial role in maintaining the transparency and security of digital currency transactions.
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• Dec 19, 2021 · 3 years ago
  In the world of digital currencies, 'txhash' is the unique identifier assigned to each transaction. It is generated by applying a cryptographic hash function to the transaction data, creating a fixed-length string of characters. The txhash serves as a digital signature for the transaction, providing a way to verify its authenticity and integrity. By comparing the txhash of a transaction with the recorded transaction history on the blockchain, users can ensure that the transaction has not been tampered with or altered. It is an essential component of the decentralized nature of digital currencies, ensuring trust and transparency in the transaction process.
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