TXID meaning is “transaction ID”, which is the unique string of characters given to every transaction that is verified and added to the blockchain. Thus, every TXID is unique, and is essentially an identification number that labels each transaction in the blockchain.
Every transaction that is added to the blockchain is given a transaction ID as a unique identifier. You can then use a block explorer to find any block by typing their TXID. From this, you can verify basic information, such as the amount sent, the date of transfer, the sending/receiving address, and the number of network confirmations that the transaction has received.
For example, this is the TXID of the very first Bitcoin transaction:
f4184fc596403b9d638783cf57adfe4c75c605f6356fbc91338530e9831e9e16
Blockchain transactions include withdrawing cryptocurrency from a centralized exchange’s wallet to your own wallet. You can search for the transaction in that exchange’s block explorer by typing in its TXID.
In conclusion, TXID meaning is “transaction ID”, which is a unique string of characters given to every transaction that is verified and added to the blockchain.
