Any transaction that is authenticated and uploaded to the blockchain receives a transaction hash/id, which is a one-of-a-kind string of characters. In rare cases, money can be found using a transaction hash. When a trader visits a block explorer website, it typically appears at the top of the page, or the trader may copy the URL from the same page. Depending on the type of digital money sent, a trader can find the transaction hash/id by searching for the address in a block explorer.

Yes, a transaction hash and a transaction ID (TxID) are often used interchangeably, but they can have subtle differences depending on the blockchain. A transaction hash is a unique cryptographic string (usually 64 characters in Bitcoin) generated by hashing transaction details, serving as a digital fingerprint. The TxID typically refers to this hash, but in some networks (like Ethereum), the TxID may include additional metadata or a different format. In Bitcoin, the hash and TxID are the same, while in Ethereum, the transaction hash is derived after execution and includes more data. Both identifiers allow users to track transactions on block explorers, but the exact terminology and structure may vary across blockchains. Always verify the specific blockchain’s documentation for clarity.