Transaction Hash Meaning

What Is a Transaction Hash?

A transaction hash is a unique identifier consisting of alphabets and digits assigned whenever a new transaction is initiated on the blockchain. It serves as proof that a transaction is submitted and allows users to locate it.

Every blockchain transaction contains details such as the sender’s address, amount sent, timestamp, the receiver’s address, tokens, etc. These details are recorded and encrypted using cryptography into a unique character string called transaction hash ID—which uniquely identifies that specific transaction.

For example, the blockchain Txn hash on Ethereum is 66 characters longer, such as:

0x767ebd2ca82dcaae8b7fe4fbbe4f154230d18ec93c8294caeebccfe29d4ce030

Blockchain transaction hash provides complete information about a specific transactions, similar to bank receipts. It includes its verification status, block ID, gas fee, date and time, amount, and other additional information.

This ensures that each transaction can be individually identified and tracked, which also prevents double-spending issues.

How to Find a Txn Hash ID on the Blockchain?

Blockchain transactions are publicly visible. That means anyone can look up and confirm its status or its specifics if they have the Txn hash ID.

To find a hash ID, you will need tools like blockchain explorers. These explorers are designed to search and find data, similar to search engines, but for the blockchain. 

Blockchain.com for Bitcoin blockchain, Etherscan for Ethereum, and BscScan for Binance Chain are some of the popular ones.

Open the blockchain explorer, enter the sender/receiver wallet address to find in the search bar, and see the transaction history. Once you have located the relevant transaction, click on the “Transaction Hash” to track its status, confirmation, and other details.