What are the different components of a transaction hash in the context of cryptocurrencies?

3 answers

• Dec 26, 2021 · 3 years ago
  A transaction hash in the context of cryptocurrencies is a unique identifier for a specific transaction. It is generated by applying a hash function to the transaction data. The components of a transaction hash typically include the sender's address, the recipient's address, the amount of cryptocurrency being transferred, and a timestamp. These components are combined and hashed to create the transaction hash.
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• Dec 26, 2021 · 3 years ago
  When it comes to transaction hashes in cryptocurrencies, there are a few key components to consider. First, there's the input data, which includes the sender's address, the recipient's address, and the amount of cryptocurrency being sent. Then, there's the timestamp, which indicates the time at which the transaction was created. Finally, there's the hash function itself, which is used to combine all of these components and generate the unique transaction hash.
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• Dec 26, 2021 · 3 years ago
  In the context of cryptocurrencies, a transaction hash is made up of several components. These include the sender's address, the recipient's address, the amount of cryptocurrency being transferred, and a timestamp. The sender's address is the public key associated with their wallet, while the recipient's address is the public key associated with the recipient's wallet. The amount of cryptocurrency being transferred is specified in the transaction, and the timestamp indicates when the transaction was created. All of these components are combined and hashed to create the transaction hash.
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