Final answer:
The claim that transaction decoding isn't available for chainid 56, which is the Binance Smart Chain, is false. Binance Smart Chain supports transaction decoding, and various tools can interpret and provide readable details of transactions on the network.
Step-by-step explanation:
The statement that transaction decoding is not available for chainid 56 is false. Chainid 56 refers to the Binance Smart Chain (BSC), which is a blockchain network that supports smart contract functionalities and transaction decoding. Transaction decoding is a process that involves interpreting the data enclosed in a blockchain transaction. This allows users or applications to understand transaction details such as the sender, recipient, amount, and any other data sent through smart contracts.
Moreover, various blockchain explorers and tools are available that can decode transactions on the Binance Smart Chain, as well as other networks. Therefore, if someone is working on the Binance Smart Chain or interacting with its transactions, they will have access to tools that can decode those transactions to provide a human-readable format.