The unique ID for every transaction on a blockchain network.

A transaction ID (TXID) refers to the unique ID given to every transaction on a blockchain network. It comprises a distinctive string of alphanumeric characters that the network randomly generates for every transaction. This ID consequently serves as a locating attribute to determine the exact details of transactions. This is because no two transactions are the same and therefore cannot have the same TXID.

TXIDs are not only used for record-keeping or historical purposes. They also serve as a security measure against double spending on the network.

The maximum number of transactions that a blockchain network can process per second.

Transactions per second (TPS) refers to the total possible number of transactions that any blockchain network can process in a second. This number is often used to measure the efficiency of a blockchain so that networks with higher TPS are said to have greater efficiency than those with lower TPS. However, it should be noted that blockchain networks are certainly capable of processing more transactions than the usual TPS, but not when adhering to the decentralized model for transaction validation. Thus, TPS does not directly measure network efficiency but scaling proficiency.

Different blockchains have different TPSes. Bitcoin is usually estimated to have a TPS of between 3 and 7, while Ethereum can handle 20 TPS. Many newer blockchains boast of TPS in the hundreds and thousands.

The overall total amount of a token that has been issued.

Total supply refers to the total amount of tokens or crypto coins that have been mined, whether or not they are in circulation. This amount also includes the tokens currently possessed by users and have been used. So, this amount makes up all available tokens and coins for a particular crypto, excluding the ones that have been burned or destroyed.

Total supply is similar to maximum supply and circulating supply. However, maximum supply generally has more coins and circulating supply generally has fewer. The exact ratio depends on the individual coin. Specifically, maximum supply includes all cryptocurrency tokens or coins that will ever exist for a project, while circulating supply includes all tokens and coins that are currently in the possession of users.

Transaction ID (TXID)

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