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Transaction Hash Meaning

A transaction hash is a unique cryptographic identifier generated for a transaction. It acts as a digital fingerprint that allows the transaction to be referenced and verified.

The hash is produced by applying a hashing algorithm to transaction data. Any change to the transaction results in a completely different hash.

Transaction hashes are used to track status, confirm inclusion in blocks, and audit transaction history.

They are essential for transparency and traceability in blockchain systems.

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