Hash, Transaction Tracking, Network Types

What is a Hash?

A cryptographic hash of a cryptocurrency transaction is a unique string of characters obtained by applying a cryptographic hash function to the transaction data. This hash serves as a kind of digital fingerprint that identifies a specific transaction. The hash allows for quick and secure verification of data integrity and confirms that the information in the transaction has not been altered. Thus, the hash of a cryptocurrency transaction plays a crucial role in ensuring the security and transparency of operations in blockchain networks.

Tracking Transactions Across Different Networks

sеlect the cryptocurrency network in which the transaction occurred (e.g., Bitcoin, Ethereum, or another).
Obtain the transaction identifier. In different networks, this might be called a transaction hash, transaction ID, or something similar.
Utilize blockchain explorers or specialized tools for transaction analysis in the chosen network. Enter the transaction identifier into the tool and initiate a search.
The search results will display information about the transaction, such as sender, recipient, amount, date, and other details. You will be able to see if the transaction is confirmed, the number of confirmations (confirmed by blocks), and other related information.

Note that each network may have its own tools and methods for tracking.

Bitcoin (BTC):

For tracking Bitcoin transactions, use popular blockchain explorers like Blockchain.com or Blockchair.

Transactions are confirmed by miners and included in blocks. The number of confirmations shows how many blocks have been added after the block containing your transaction.

Confirmation time can vary based on network congestion and the transaction fee paid.

Ethereum (ETH) and ERC-20 Tokens:

For Ethereum and ERC-20 tokens, you can use Etherscan.io.

Ethereum uses the concept of "gas" to determine transaction fees and priority. The more gas you're willing to pay, the faster the transaction will be processed.

ERC-20 tokens are tokens built on the Ethereum blockchain. Transactions with these tokens are also visible on Ethereum explorers.

Binance Smart Chain (BSC):

BSC is an alternative blockchain platform compatible with Ethereum. To track BSC transactions, you can use BscScan.

BSC provides lower fees and faster confirmations compared to Ethereum.

Litecoin (LTC):

Litecoin, represented as LTC, is one of the first alternative cryptocurrencies based on the Bitcoin code. It is known for its fast transactions and low fees. To track transactions using Litecoin, you can use the Litecoin Block Explorer.

Ripple (XRP):

Ripple, or XRP, is a cryptocurrency focused on facilitating global financial transactions and transfers. The emphasis is on speed and efficiency. To view transactions with XRP, you can use the Xrpscan Explorer.

DASH:

DASH is a cryptocurrency that emphasizes privacy and fast transactions. It offers the PrivateSend option for anonymous transfers. To track transactions with DASH, you can use the DASH Block Explorer.

Monero (XMR):

Monero, denoted as XMR, is a privacy-focused cryptocurrency that prioritizes anonymity. Monero transactions are untraceable and not linked to sender and recipient addresses. To explore transactions with Monero, use the Monero Block Explorer.

Dogecoin (DOGE):

Dogecoin, known as DOGE, began as a joke cryptocurrency but gained popularity within the community. It is characterized by a friendly approach and low fees. To view transactions with Dogecoin, you can use the Dogechain Explorer.

TRON (TRX):

TRON, or TRX, aims to be a decentralized entertainment and digital content platform. It also supports the creation of custom tokens. To track transactions on TRON, use the Tronscan Explorer.

TRON uses its own Delegated Proof of Stake (DPoS) consensus mechanism.

Solana (SOL):

Solana is a high-performance blockchain using Proof of History (PoH) as a consensus mechanism. To track Solana transactions, use Solana Explorer.

Blocks are generated very quickly, and the network can process thousands of transactions per second.

Cardano (ADA):

Cardano is a blockchain emphasizing scientific research and security proofs. To track Cardano transactions, use Cardano Explorer.

The Cardano network uses Proof of Stake (PoS) instead of Proof of Work (PoW) for consensus.

Each cryptocurrency network has its unique characteristics and accordingly specific tools for transaction tracking.