What are the different ways to verify a transaction ID in the blockchain?

3 answers

• Nov 29, 2021 · 3 years ago
  One of the ways to verify a transaction ID in the blockchain is by using a block explorer. Block explorers are online tools that allow you to search for specific transactions by their ID. By entering the transaction ID into a block explorer, you can view the details of the transaction, including the sender, recipient, and the amount transferred. This helps in verifying the transaction's authenticity and confirming its presence on the blockchain.
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• Nov 29, 2021 · 3 years ago
  Another method to verify a transaction ID is by using a cryptocurrency wallet. Most wallets provide the option to search for a transaction using its ID. By entering the transaction ID in the wallet's search function, you can check the transaction's status and confirm its validity. Wallets often display additional information such as the number of confirmations, which indicates the number of blocks that have been added to the blockchain since the transaction was included.
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• Nov 29, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a reliable way to verify transaction IDs. By accessing the transaction history within the platform, users can search for specific transactions using their IDs. This allows users to verify the details of the transaction, such as the sender, recipient, and the amount transferred. Additionally, BYDFi provides real-time updates on the transaction's status, ensuring transparency and security for its users.
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