What are the steps to verify the status of a blockchain transaction?

1 answers

• Nov 26, 2021 · 3 years ago
  So, you want to verify the status of a blockchain transaction? Here's what you need to do: 1. Get the transaction ID (TXID) or hash of the transaction. This unique identifier is crucial for tracking the transaction. 2. Use a blockchain explorer or a wallet with transaction tracking capabilities to search for the transaction using the TXID. 3. Look for the number of confirmations. Confirmations represent the number of blocks added to the blockchain after the transaction. The more confirmations, the more secure the transaction is considered. 4. Review the transaction details, including the sender and recipient addresses, the amount transferred, and any additional data associated with the transaction. 5. If the transaction has a sufficient number of confirmations and the details match your expectations, you can rest assured that it has been successfully processed and confirmed on the blockchain. Remember, the verification process may vary depending on the blockchain network and the tools you are using.
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