Understanding transaction hashes

A transaction hash, also known as a transaction ID, is a unique string of characters that is assigned to every transaction that occurs on the blockchain. This hash can be used to track and verify the status of a particular transaction. To view the details of a transaction, users can use a tool called a block explorer, such as etherscan.io or bscscan.com.

These tools allow users to enter the transaction hash and view information about the transaction, including the amount, the sender and recipient addresses, and the status of the transaction.

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