What are bitcoin transactions?

Bitcoin transactions are messages, like email, which are digitally signed using cryptography and sent to the entire Bitcoin network for verification. Transaction information is public and can be found on the digital ledger known as the 'blockchain.'

What happens when a bitcoin transaction is confirmed?

A Bitcoin transaction often goes through several confirmations on the blockchain before it is fully cleared. That's because there's a risk that unconfirmed transactions could be reversed, or the cryptocurrency could be spent twice. A confirmation takes place whenever a new block is created.

What is a bitcoin chain and how does it work?

A chain exists as a way to achieve final settlement and the digital distributed ledger that contains every single Bitcoin transaction ever made. The chain makes Bitcoin secure and trustworthy, as they make every transaction is immutable and can never be changed. What does Bitcoin transaction confirmation do?

How do I track my Bitcoin txid?

You can then grab that TxID and visit any one of many Bitcoin blockchain websites that are called block explorers. You’ll be able to enter your Bitcoin TxID, or your exchange or wallet address, to track your transactions. You will see a summary of information about the transaction, including the number of confirmations it has.