In today's article, I will explain what TXID (transaction ID) is and when it is used, supported by a few examples to make it easier for you to understand. TXID is a system that can be encountered by almost anyone involved in cryptocurrencies. The purpose of this system is to ensure that crypto transactions have unique transaction numbers. In other words, it is a system developed to prevent your transactions related to #Cryptocurrencies from getting mixed up and to ensure privacy.

What is a Transaction?

A #transaction refers to an operation or process. In the context of cryptocurrencies, a transaction represents the transfer of crypto assets. To give an example with Bitcoin, a transaction is the transfer of value between Bitcoin wallets included in the blockchain network. Bitcoin wallets hold a private key, which is used to sign transactions and provide proof that they originated from the wallet owner. The signature also prevents any modification to the transaction after it has been made.

What is TxID?

TxID is the abbreviation for transaction hash/ID and is a descriptive expression used to identify a specific transaction. TxID refers to a unique transfer identity created for your crypto transfers. All transactions in blockchain have a unique TXID. These expressions are unique and consist of 64 characters. They are automatically assigned to each crypto transaction and consist of random letters and numbers. To put it simply, if you go to a bank and receive receipts as proof for your transactions, in blockchain transfers, your receipt is the TxID.

How is the TXID of Bitcoin and Ethereum represented?

Bitcoin transaction:

44e25bc0ed840f9bf0e58d6227db15192d5b89e79ba4304da16b09703f68ceaf

And here is an example of a #TXID for an Ethereum transaction:

0x2446f1fd773fbb9f080e674b60c6a033c7ed7427b8b9413cf28a2a4a6da9b56c

As you can see, they are unique transfer identities consisting of random letters and numbers with 64 characters.

When is TXID Used?

TXID allows you to view all the details related to a transaction. When you successfully withdraw your coins, you will have the TxID information for that transfer. Similar to a logistics number, you can use the txid to track the progress of the transfer. If your withdrawal transaction is successful and there is a record on the blockchain, you may be asked to provide the transaction's txid to the platform where the deposit was made so that they can assist you if needed.

In cases of delays in transactions such as online purchases, you can use TXID to track the status of the transaction and obtain information about its progress. Additionally, TXID serves as proof that funds have been transferred to another public address. By submitting the TXID to blockchain transaction services, you can verify whether the funds have been successfully sent or not.

You can find out the TXID from the withdrawal history or transaction history.

#feedfeverchallenge #Binance

#MANTA Bulls prepare to take on next big level for SHIB priceDisclaimer: 🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. Shiba Inu whales are seemingly taking a breather as bulls prepare to take on the next big level for the #SHIB💥 price.According to #IntoTheBlock  data, Shiba Inu's large transaction volume, which estimates the daily total amount transacted by whales, has seen a decline.Shiba Inu's large transaction volume dropped 64.92% in the last 24 hours to $62.58 million. This amounted to 7.09 trillion SHIB in crypto terms.Global In/Out of the Money, Courtesy: IntoTheBlockShiba Inu's large transaction volume saw a sharp decline from 20.2 trillion SHIB on Jan. 24 to 7.09 trillion SHIB on Jan. 25.A surge in large transaction volumes typically implies huge activity among whales, whether buying or selling. Meanwhile, a drop in this whale indicator might suggest a decrease in the activity of these large holders.The total #transaction volume recorded on-chain in the last 24 hours also saw a drop to 8.09 trillion SHIB.The seeming decline in whale transactions coincides with the SHIB price gearing up to take on a major price level.According to IntoTheBlock data, the next barrier from which SHIB presently trades is between the $0.000009 and $0.000013 levels, where 228.97 trillion $SHIB were bought by 322,220 addresses for an average price of $0.000011.At the time of writing, SHIB was up 2.31% in the last 24 hours to $0.000009.In a positive development for the Shiba Inu ecosystem, Lucie, a Shiba Inu team member, hints that #Shibarium is on the brink of taking a crucial step beyond automated burns. This will benefit TVL and provide a home for SHIB supporters, she explained.In other good news, Uphold has announced a positive development for Topper users in Canada. Shiba Inu and other altcoins have been relisted on Uphold's Topper.

#Launchpool Bitcoin (#BTC ) user pays eye-watering #transaction fee, which is almost 30,000x higher than ordinary commissionCryptocurrency #community enthusiasts are guessing at what made an owner of Bitcoin ($BTC ) account pay over 4 BTC for having their transfer included in an ordinary Bitcoin (BTC) block. This is the third enormous $100,000+ transaction fee paid since September 2023.User pays whopping $174,000 fee for single BTC transferToday, Jan. 16, 2024, automated tracking services registered an unusual Bitcoin (BTC) transaction at block 826032. Someone paid over 4.03 BTC to transfer 2.89 BTC. The transaction was therefore charged with a whopping 1,800,890 sat/vB fee.Somebody just paid a fee of 4.03 BTC ($173K) in block 826,032. Ouch! https://t.co/wvsGKi8EJN— Bitcoin Block Bot (@BtcBlockBot) January 16, 2024In current Bitcoin (BTC) prices, this fee was equal to almost $174,000. This block was almost 30,000x more profitable for Bitcoin (BTC) #Miners than average.A Bitcoin (BTC) developer who goes by @mononautical on X (formerly Twitter) shared his thoughs on what might be behind this crazy event:Probably user error, since wallet software would (hopefully) add change automatically in that situation (...) This transaction was broadcast openly, and observed by mempool.space 's nodes prior to inclusion in any block.Commentators on X are guessing whether this activity might be associated with money laundering or someone just set the wrong parameters in a rush.Third outrageous transaction registered in six monthsSuch transfers are periodically registered on Bitcoin (BTC) and Ethereum ($ETH ) blockchains. In September, someone paid over $510,000 for a BTC transfer.In December 2023, a record-breaking fee was registered on the Bitcoin (BTC) network. An unknown Bitcoiner (BTC) equipped their transcation with a $3.1 million fee.In January 2024, fees on both networks are stable, recent data says.🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice.

Blockchain technology is a digital ledger that is decentralized, secure, and transparent. It has been primarily used for cryptocurrency transactions but has the potential to revolutionize many industries. In this article, we will explore the different aspects of blockchain technology in the context of cryptocurrency.

What is blockchain technology?

Blockchain technology is a decentralized and distributed digital ledger that records transactions and information on a network of computers. This network is maintained by a group of nodes, or computers, that collectively validate and verify transactions. Each node has a copy of the ledger, which is updated in real-time as transactions are added.

How does blockchain technology work?

When a transaction occurs on the blockchain, it is verified by nodes on the network. Once verified, the #transaction is added to a block, along with other verified transactions. This block is then added to the existing blockchain, forming a continuous chain of blocks.

Each block in the chain contains a unique hash, which is a mathematical function that ensures the integrity of the block. The hash is created by combining the previous block’s hash with the data in the current block. This makes it nearly impossible for anyone to alter or manipulate the blockchain without detection.

Advantages of blockchain technology

One of the main advantages of blockchain #technology is that it is decentralized. This means that there is no central authority or third-party intermediary involved in transactions. This makes transactions faster, more secure, and less expensive than traditional methods.

Another advantage of blockchain technology is its transparency. Anyone on the network can see all the transactions that have taken place, making it easier to trace the movement of funds. This makes it difficult for fraudsters to manipulate the system and steal funds.

Cryptocurrency and blockchain technology

Cryptocurrency is one of the most well-known applications of blockchain technology. It is a digital currency that operates on a decentralized network. Transactions are recorded on the blockchain, making them secure and transparent.

Cryptocurrency transactions are verified by nodes on the network, which makes them almost impossible to manipulate. This makes cryptocurrency transactions more secure than traditional methods of payment, which can be vulnerable to fraud.

Popular cryptocurrencies

There are many different cryptocurrencies, each with their own unique characteristics. Some of the most popular cryptocurrencies include:

Bitcoin: The first and most well-known cryptocurrency. It is decentralized and operates on a peer-to-peer network.

Ethereum: A decentralized platform for building decentralized applications (dapps). It also has its own cryptocurrency, called Ether.

Litecoin: A cryptocurrency that is similar to Bitcoin, but with faster transaction times and lower fees.

Challenges of blockchain technology

While blockchain technology has many advantages, it is not without its challenges. One of the main challenges is scalability. As more people use blockchain technology, the network can become congested, leading to slower transaction times and higher fees.

Another challenge is regulation. Because blockchain technology operates outside of traditional financial systems, it can be difficult for governments to regulate. This has led to uncertainty and inconsistency in regulatory frameworks.

Future of blockchain technology

Despite the challenges, the future of blockchain technology looks bright. Many companies are exploring the potential of blockchain technology to improve their operations and provide better services to their customers.

Blockchain technology has the potential to revolutionize many industries, including finance, healthcare, and supply chain management. As more people adopt blockchain technology, it will become increasingly important to address the challenges and develop solutions that make it more scalable and accessible.

Use cases of blockchain technology

Blockchain technology has a variety of use cases beyond cryptocurrency. Some of these include:

Supply chain management: Blockchain technology can be used to track products and goods as they move through the supply chain. This can increase transparency and reduce fraud.

Healthcare: Blockchain technology can be used to securely store patient data and improve the sharing of information between healthcare providers.

Voting: Blockchain technology can be used to create secure and transparent voting systems that are resistant to manipulation.

Real estate: Blockchain technology can be used to facilitate property transfers and reduce the need for intermediaries, such as real estate agents and lawyers.

Gaming: Blockchain technology can be used to create decentralized gaming platforms that provide more control and ownership to players.

Decentralized finance (DeFi)

Decentralized finance, or DeFi, is an emerging trend in the world of blockchain technology. It refers to a new financial system that operates on a decentralized network of computers, rather than through traditional financial institutions.

DeFi allows users to access financial services such as lending, borrowing, and trading, without the need for intermediaries. This can reduce costs and increase accessibility, particularly for people who are unbanked or underbanked.

Conclusion

Blockchain technology has the potential to transform many industries, including finance, healthcare, and supply chain management. While it is still in its early stages, the technology has already demonstrated its potential to increase transparency, reduce fraud, and improve efficiency.

As more companies and individuals adopt blockchain technology, it will be important to address the challenges and develop solutions that make it more scalable and accessible. Ultimately, the success of blockchain technology will depend on its ability to deliver real value to users and solve real-world problems.

#originalcontent #blockchain

#BTC coins with no or no history of transactions are commonly referred to as "pure" bitcoin.

The #blockchain of the first cryptocurrency is designed in such a way that it is possible to trace previous transactions of a particular coin and establish whether or not it has been used for illegal transactions. This is difficult to do for the average buyer, but quite possible for a large service, such as a cryptocurrency exchange.

Therefore, when #buying bitcoin, there is a risk that a particular BTC was previously stolen by hackers, caught on the darknet or in other illegal transactions. Such coins are flagged and there may be difficulty selling them in the future. The exchange will refuse to accept a deposit, block funds or law enforcement will insist on confiscation. This issue is especially relevant given the regulations proposed by the FATF, which require that the personal data of the sender and recipient be attached to each #transaction#transaction

To avoid such #risks , large investors prefer to buy bitcoins without transaction history, which were mined by miners and stored in their wallets. Such BTCs are called "pure", and their price is 20-30% higher than the market price.

Introduction$BTC , the world's first and most renowned cryptocurrency, has captured the imagination of both the financial industry and tech enthusiasts since its inception. This article will take you on a journey through the history of $BTC , from its mysterious beginnings to its current status as a digital gold standard.The Birth of $BTC In October 2008, an individual or group using the pseudonym "Satoshi Nakamoto" released the Bitcoin whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System." This whitepaper outlined the core principles and technology behind Bitcoin, introducing a #decentralized , peer-to-peer digital currency that operated without the need for intermediaries like banks.Genesis BlockOn January 3, 2009, Satoshi Nakamoto mined the first Bitcoin block, known as the "genesis block." Embedded in this block was a message: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks." This message is widely seen as a political statement, emphasizing Bitcoin's purpose as a decentralized alternative to traditional financial systems.Early Days and Enthusiastic AdoptersBitcoin initially gained traction among a small community of cypherpunks, libertarians, and tech-savvy individuals who were drawn to its potential to challenge the existing financial order. The #first Bitcoin #transaction took place on May 22, 2010, when a programmer named Laszlo Hanyecz famously paid 10,000 bitcoins for two pizzas, marking the first real-world purchase with the cryptocurrency.Mt. Gox and Early ExchangesAs Bitcoin's popularity grew, the need for exchanges became apparent. Mt. Gox, launched in 2010 by Jed McCaleb, became the first prominent Bitcoin exchange. However, it also became notorious for security breaches and ultimately filed for bankruptcy in 2014.The Rise in PopularityBy 2013, Bitcoin was attracting more mainstream attention. Its price surged from a few dollars to over $1,000, attracting speculators and investors. This meteoric rise was followed by a significant crash, highlighting Bitcoin's volatility.Regulatory ChallengesGovernments and regulators began to take notice of Bitcoin, leading to concerns about its potential use in illegal activities. Various countries implemented different regulatory approaches, which ranged from acceptance and regulation to outright bans.The Emergence of AltcoinsWhile Bitcoin remained the dominant cryptocurrency, many alternative cryptocurrencies, or altcoins, started to emerge, each with its unique features and use cases. These altcoins added diversity to the cryptocurrency ecosystem.Bitcoin's MaturationOver time, Bitcoin continued to evolve, with improvements like the Lightning Network, which aimed to enhance transaction speed and scalability. Major financial institutions, including Tesla and PayPal, began accepting Bitcoin as a form of payment.Institutional AdoptionOne of the most significant developments in Bitcoin's history was the growing institutional interest. Companies like MicroStrategy and Square invested substantial sums of money in Bitcoin, and major financial institutions, such as JPMorgan, started offering cryptocurrency services to their clients.Bitcoin as Digital GoldToday, Bitcoin is often referred to as "digital gold" due to its store of value characteristics and the belief that it can serve as a hedge against inflation and economic instability. Its market capitalization and influence have continued to grow, solidifying its place in the world of finance.ConclusionThe history of Bitcoin is a remarkable journey from an obscure whitepaper to a global financial phenomenon. While it has faced its fair share of challenges and controversies, Bitcoin's resilience and innovation have made it a significant part of the financial landscape. As we look to the future, the story of Bitcoin is far from over, and its impact on the world of finance is likely to continue evolving.#Smile48904

#BTC Cardano kickstarts 2024 with series of updates and releasesDisclaimer: 🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. #CardanoUpdates the eighth-largest cryptocurrency by market value, has begun 2024 with a series of updates and releases aimed at improving performance, scalability and interoperability. Examples include the new Hydra, Marlowe and Lace releases, as well as the Cardano Node release.The first Hydra release of 2024 has launched: version 0.15.0. Hydra is a Cardano layer-2 protocol that aims to boost the platform's #transaction throughput and overall efficiency.🚨NEW RELEASE: Marlowe TypeScript SDK 0.3.0-beta💪Node.js/Deno support💪Completed 1-1 feature parity between the TS-SDK and Runtime 0.0.6💪Added an open role example💪Added a marlowe-object (merkleized contracts) example🔥https://t.co/yFc4jZ6EhB— Marlowe (@marlowe_io) January 18, 2024In a similar vein, the Marlowe team has announced the release of Marlowe 0.3.0, with several milestones accomplished. On Jan. 11, Marlowe announced that its revamped website was live.Marlowe is a domain-specific language (DSL) and a set of tools for creating and executing smart contracts. Marlowe enables developers to build, test and deploy smart contracts in a safe, simple and intuitive manner.Marlowe was launched on the mainnet in May 2023 and has since undergone various updates and enhancements.First #Hydra release of 2024, version 0.15.0 is out ✨ Run hydra-node in offline mode - contributed by @SundaeSwap Heads opened by this version can cross eras from Babbage to Conway and work on sanchonet* L2 stays Babbage until after the HFC eventhttps://t.co/TDoiF44815— Sebastian Nagel (@ch1bo_) January 18, 2024In late 2023, the Marlowe Runner was released, allowing smart contracts to be deployed straight from a browser without the requirement for a backend or custom frontend. This was a significant step forward for Cardano's smart contract utility.According to IOG's most recent development report, Cardano has released node v.8.7.3, which addresses a minor issue in the Ouroboros network.In other news, the Lace team recently released version 1.8, which fixes a bug, improves stake pool rewards performance on a graph and allows for synchronization with other multi-address #wallets .#ARB

#BTC Whale Alert has reported the transfer of a massive 4.2 trillion Shiba Inu ($SHIB ) tokens, which are valued at around $38 millionContents: 🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. A month of major SHIB transfersShiba Inu's market performance A massive 4.2 trillion Shiba Inu (SHIB) tokens, equivalent to about $38 million USD, were transferred from the Bitvavo #exchange to an unidentified wallet. This #transaction , which was recently flagged by Whale Alert, has sparked widespread speculation about its purpose and the recipient's identity. this transfer could signal a strategic investment maneuver, a transfer to a private wallet for security reasons, or even preparation for a large-scale sale or exchange.A month of major SHIB transfersThe Shiba Inu token, known for its vibrant #community and volatile nature, has seen a series of notable transfers by #Whales in recent weeks. On Jan. 1, a transfer of 4.23 trillion SHIB ($44.45 million USD) was recorded. This was closely followed by transactions of 4.24 trillion SHIB ($44.64 million USD) on Dec. 30, 4.25 trillion SHIB ($44.91 million USD) on Dec. 29, and 2.28 trillion SHIB ($23.58 million USD) from Binance to an anonymous wallet on Dec. 26.These transfers underscore the significance and importance of large investors in the Shiba Inu market and could signal strategic positioning or response to market conditions.Shiba Inu's market performance Despite these substantial whale movements, Shiba Inu's market performance has shown resilience. According to CoinGecko, the SHIB token is currently trading at $0.059088, experiencing a slight increase of 1.4%. The market cap of SHIB stands at $5.36 billion, with a 24-hour trading volume of $164 million. The impact of these large transactions on SHIB's price remains negligible in the short-term.  

#BONK As we’re cruising towards 2024, three names are making some serious waves in the crypto ocean: #Injective Protocol ($INJ ), Monero (XRM), and Borroe Finance ($ROE). If you’re on the hunt for the next big thing in crypto, these are the names you need to know. Let’s break down why these are the top cryptos to buy and the best crypto investments to get your portfolio buzzing. BUY $ROE TOKENSInjective Protocol (#INJ) ): The DeFi DynamoFirst off, we’ve got Injective Protocol. Think of INJ as the rebel of the DeFi world, changing the game with its unique layer-2 solutions and cross-chain capabilities. It’s decentralized, it’s innovative, and it’s user-friendly – everything you want in a top altcoin to buy. If you’re all about trading without borders, INJ is your ticket.Why Injective Protocol Rocks the BoatINJ is not just another DeFi project; it’s a trendsetter. It’s bringing something fresh to the table with its focus on interoperability and user experience. For those eyeing the future of DeFi and looking for altcoins to buy, INJ is a no-brainer.Monero (XMR): The Privacy ChampNext up in our crypto lineup is Monero. In a digital world where privacy is gold, XMR is the Fort Knox of crypto. Known for its iron-clad privacy features, Monero is the go-to for anyone who values #transaction anonymity. It’s a top crypto to buy if you’re into keeping your crypto business under wraps. Why Monero is Making HeadlinesMonero’s all about privacy and security. With the digital spotlight shining bright on transparency, XMR offers a much-needed sanctuary for privacy-focused users. If you’re scouting for top altcoins to buy that offer both security and anonymity, look no further than Monero.Borroe Finance ($ROE): The AI InnovatorAnd then, we have the new kid on the block, Borroe Finance. This AI-driven DeFi platform is making a splash with its ongoing presale, already hitting over $1.8 million and selling more than 174 million $ROE tokens. Borroe Finance isn’t just a new crypto; it’s a revolution in the making.Why Borroe Finance is the Talk of the TownBorroe Finance is where AI meets blockchain, and the result is nothing short of exciting. It’s not just another digital currency; it’s a fresh take on DeFi and NFTs. For those on the prowl for the best crypto investment, Borroe Finance offers a unique opportunity to jump on board a project that’s redefining digital finance.Borroe Finance Presale: Your Chance to Get in EarlyThe Borroe Finance presale is where it’s at right now. If you’re looking for promising altcoins to buy, this is your moment. With its innovative approach and impressive presale numbers, Borroe Finance is quickly becoming a top crypto to buy. It’s more than a presale; it’s a ticket to be part of something groundbreaking.Conclusion: The Crypto Trifecta for 2024Wrapping up, Injective Protocol, Monero, and Borroe Finance are the names you want to remember as we step into 2024. They’re not just passing trends; they’re redefining the crypto game. INJ with its forward-thinking DeFi solutions, XMR with its privacy-first approach and $ROE with its AI-driven platform make them the top cryptos to buy. Whether you’re a crypto veteran or just starting out, these three offer a mix of innovation, security, and potential that’s hard to beat. So, keep these names on your radar – they’re setting the pace in the world of digital currencies.#BinanceWish

#BTC $280 million Bitcoin transfer today is stirring speculation and raising expectations of potential growth in BTC priceDisclaimer: 🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. In a day of extraordinary transfer activity, the cryptocurrency market witnessed a significant movement of 7,000 $BTC , valued at over $280 million. This mysterious transfer captured the attention of the crypto #community , raising speculation about its implications for the future of Bitcoin.🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 7,000 BTC (280,076,454 USD) transferred from unknown wallet to unknown wallethttps://t.co/6ByUvuycSK— Whale Alert (@whale_alert) January 26, 2024The sizable transfer occurred between unknown wallets, adding an air of mystique to an already enigmatic #transaction . The event took place against the backdrop of a 2% surge in Bitcoin's price, climbing from $39,900 to $40,700 earlier in the day. After the transfer happened, the cryptocurrency experienced an additional 2% uptick, peaking at $41,500, before a sell-off ensued.Bitcoin price: Two scenarios#Analysts are closely monitoring these developments, with renowned crypto expert Ali Martinez providing insights into potential future scenarios for Bitcoin's price.Source: Ali MartinezMartinez, a prominent figure in crypto circles, recently shared his analysis, pointing to the TD Sequential indicator signaling a buy on the daily chart while Bitcoin maintains its position above the 100SMA. He outlined two possible outcomes: an upward move past $40,550 could trigger a rally to $43,000, but a breach of the 100SMA support level might lead Bitcoin down to $33,300.The 7,000 BTC transfer remains shrouded in mystery, leaving the #CryptoCommunity! intrigued about its origin, purpose and potential repercussions. As speculation mounts, the market eagerly awaits further developments that could either affirm or dispel expectations of BTC price growth.