Tx

"Tx" is an abbreviation for "transaction" and is widely used in the blockchain and cryptocurrency space to refer to the transfer of digital assets between addresses. A transaction (Tx) includes information such as the sender's address, the recipient's address, the amount of cryptocurrency being transferred, and the transaction fee. Once a transaction is broadcast to the network, it is validated by miners or validators and added to the blockchain, where it becomes part of the permanent ledger.

Each transaction on a blockchain network is assigned a unique identifier, known as a transaction ID or TxID, which allows users to track and verify the status of the transaction. Transactions are the fundamental building blocks of blockchain networks, enabling the movement of assets, execution of smart contracts, and interaction with decentralized applications (dApps). Understanding how transactions work, including how to manage fees and monitor confirmation status, is essential for effectively using cryptocurrencies and participating in decentralized ecosystems.