AlexDavis43
Member
Yes, the transaction ID and transaction hash are alternate terms for the same 64-character string which identifies a given transaction on the bitcoin blockchain.
Bitcoin creates a unique ID for each transaction by using a process called double hashing with the SHA-256 algorithm. First, all the transaction details are put together and run through the SHA-256 hash function, which scrambles the data into a fixed-length code. Then, this code is hashed again with SHA-256 to produce the final transaction hash, which serves as the transaction ID. This process ensures the transaction ID is secure and unique.
I don't understand half the shit you said but they're two different strings of characters. Sometimes I'd send the transaction ID and they'd reply it was the wrong one. "Please send the hash." Than I'd send the hash and get a "thank you."
