Using Bitcoin

Card 134

Using Bitcoin
Card 134
Topic 11 · Using Bitcoin · Explorer

What is a Bitcoin transaction ID, or TXID?

Card answer

Correct answer

Answer B: A Bitcoin transaction identifier.

Detailed explanation

A transaction ID, or TXID, is an identifier used to name and find a Bitcoin transaction. It helps locate the same event in a wallet, node or block explorer instead of searching only by approximate time or amount.

A TXID alone is not a confirmation. A transaction may already be known but still await inclusion in a block. Checking therefore also requires seeing whether it is actually found and how many confirmations it has.

The identifier is neither a private key nor a seed phrase. Checking a payment does not require the recipient's secret recovery data. Public transaction information can, however, reveal clues about payments, so it should be shared deliberately.

Sources used

Primary source · EN · Technical source

Bitcoin Developer Reference - Transactions

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This source is mainly intended for developers. The relevant information may therefore be harder to find.

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