diff --git a/bdk-ffi/src/bitcoin.rs b/bdk-ffi/src/bitcoin.rs
index aabbbb8f..49618597 100644
--- a/bdk-ffi/src/bitcoin.rs
+++ b/bdk-ffi/src/bitcoin.rs
@@ -40,7 +40,7 @@ use std::sync::{Arc, Mutex};
 #[derive(Debug, Clone, Eq, PartialEq, uniffi:: Record)]
 pub struct OutPoint {
     /// The transaction.
-    pub txid: String,
+    pub txid: Arc<Txid>,
     /// The index of the output in the transaction.
     pub vout: u32,
 }
@@ -48,7 +48,7 @@ pub struct OutPoint {
 impl From<&BdkOutPoint> for OutPoint {
     fn from(outpoint: &BdkOutPoint) -> Self {
         OutPoint {
-            txid: outpoint.txid.to_string(),
+            txid: Arc::new(Txid(outpoint.txid)),
             vout: outpoint.vout,
         }
     }
@@ -57,7 +57,7 @@ impl From<&BdkOutPoint> for OutPoint {
 impl From<OutPoint> for BdkOutPoint {
     fn from(outpoint: OutPoint) -> Self {
         BdkOutPoint {
-            txid: BitcoinTxid::from_str(&outpoint.txid).unwrap(),
+            txid: BitcoinTxid::from_raw_hash(outpoint.txid.0.to_raw_hash()),
             vout: outpoint.vout,
         }
     }
@@ -169,9 +169,9 @@ pub struct Header {
     /// Block version, now repurposed for soft fork signalling.
     pub version: i32,
     /// Reference to the previous block in the chain.
-    pub prev_blockhash: String,
+    pub prev_blockhash: Arc<BlockHash>,
     /// The root hash of the merkle tree of transactions in the block.
-    pub merkle_root: String,
+    pub merkle_root: Arc<TxMerkleNode>,
     /// The timestamp of the block, as claimed by the miner.
     pub time: u32,
     /// The target value below which the blockhash must lie.
@@ -184,8 +184,8 @@ impl From<BdkHeader> for Header {
     fn from(bdk_header: BdkHeader) -> Self {
         Header {
             version: bdk_header.version.to_consensus(),
-            prev_blockhash: bdk_header.prev_blockhash.to_string(),
-            merkle_root: bdk_header.merkle_root.to_string(),
+            prev_blockhash: Arc::new(BlockHash(bdk_header.prev_blockhash)),
+            merkle_root: Arc::new(TxMerkleNode(bdk_header.merkle_root.to_raw_hash())),
             time: bdk_header.time,
             bits: bdk_header.bits.to_consensus(),
             nonce: bdk_header.nonce,
@@ -304,8 +304,8 @@ impl Transaction {
 
     /// Computes the Txid.
     /// Hashes the transaction excluding the segwit data (i.e. the marker, flag bytes, and the witness fields themselves).
-    pub fn compute_txid(&self) -> String {
-        self.0.compute_txid().to_string()
+    pub fn compute_txid(&self) -> Arc<Txid> {
+        Arc::new(Txid(self.0.compute_txid()))
     }
 
     /// Returns the weight of this transaction, as defined by BIP-141.
@@ -549,7 +549,7 @@ impl From<&BdkTxIn> for TxIn {
     fn from(tx_in: &BdkTxIn) -> Self {
         TxIn {
             previous_output: OutPoint {
-                txid: tx_in.previous_output.txid.to_string(),
+                txid: Arc::new(Txid(tx_in.previous_output.txid)),
                 vout: tx_in.previous_output.vout,
             },
             script_sig: Arc::new(Script(tx_in.script_sig.clone())),
diff --git a/bdk-ffi/src/descriptor.rs b/bdk-ffi/src/descriptor.rs
index bdc05dfc..bc10c099 100644
--- a/bdk-ffi/src/descriptor.rs
+++ b/bdk-ffi/src/descriptor.rs
@@ -1,3 +1,4 @@
+use crate::bitcoin::DescriptorId;
 use crate::error::DescriptorError;
 use crate::keys::DescriptorPublicKey;
 use crate::keys::DescriptorSecretKey;
@@ -5,6 +6,7 @@ use crate::keys::DescriptorSecretKey;
 use bdk_wallet::bitcoin::bip32::Fingerprint;
 use bdk_wallet::bitcoin::key::Secp256k1;
 use bdk_wallet::bitcoin::Network;
+use bdk_wallet::chain::DescriptorExt;
 use bdk_wallet::descriptor::{ExtendedDescriptor, IntoWalletDescriptor};
 use bdk_wallet::keys::DescriptorPublicKey as BdkDescriptorPublicKey;
 use bdk_wallet::keys::{DescriptorSecretKey as BdkDescriptorSecretKey, KeyMap};
@@ -296,6 +298,12 @@ impl Descriptor {
         self.extended_descriptor.is_multipath()
     }
 
+    /// A unique identifier for the descriptor.
+    pub fn descriptor_id(&self) -> Arc<DescriptorId> {
+        let d_id = self.extended_descriptor.descriptor_id();
+        Arc::new(DescriptorId(d_id.0))
+    }
+
     /// Return descriptors for all valid paths.
     pub fn to_single_descriptors(&self) -> Result<Vec<Arc<Descriptor>>, MiniscriptError> {
         self.extended_descriptor
diff --git a/bdk-ffi/src/electrum.rs b/bdk-ffi/src/electrum.rs
index bc3635fe..481625c9 100644
--- a/bdk-ffi/src/electrum.rs
+++ b/bdk-ffi/src/electrum.rs
@@ -1,4 +1,4 @@
-use crate::bitcoin::{Header, Transaction};
+use crate::bitcoin::{BlockHash, Header, Transaction, Txid};
 use crate::error::ElectrumError;
 use crate::types::Update;
 use crate::types::{FullScanRequest, SyncRequest};
@@ -14,7 +14,6 @@ use bdk_wallet::bitcoin::Transaction as BdkTransaction;
 use bdk_wallet::KeychainKind;
 use bdk_wallet::Update as BdkUpdate;
 
-use bdk_core::bitcoin::hex::{Case, DisplayHex};
 use bdk_electrum::electrum_client::ElectrumApi;
 use std::collections::BTreeMap;
 use std::sync::Arc;
@@ -131,12 +130,12 @@ impl ElectrumClient {
     }
 
     /// Broadcasts a transaction to the network.
-    pub fn transaction_broadcast(&self, tx: &Transaction) -> Result<String, ElectrumError> {
+    pub fn transaction_broadcast(&self, tx: &Transaction) -> Result<Arc<Txid>, ElectrumError> {
         let bdk_transaction: BdkTransaction = tx.into();
         self.0
             .transaction_broadcast(&bdk_transaction)
             .map_err(ElectrumError::from)
-            .map(|txid| txid.to_string())
+            .map(|txid| Arc::new(Txid(txid)))
     }
 
     /// Returns the capabilities of the server.
@@ -177,7 +176,7 @@ pub struct ServerFeaturesRes {
     /// Server version reported.
     pub server_version: String,
     /// Hash of the genesis block.
-    pub genesis_hash: String,
+    pub genesis_hash: Arc<BlockHash>,
     /// Minimum supported version of the protocol.
     pub protocol_min: String,
     /// Maximum supported version of the protocol.
@@ -190,9 +189,10 @@ pub struct ServerFeaturesRes {
 
 impl From<BdkServerFeaturesRes> for ServerFeaturesRes {
     fn from(value: BdkServerFeaturesRes) -> ServerFeaturesRes {
+        let blockhash = BlockHash::from_bytes(value.genesis_hash.to_vec()).unwrap();
         ServerFeaturesRes {
             server_version: value.server_version,
-            genesis_hash: value.genesis_hash.to_hex_string(Case::Lower),
+            genesis_hash: Arc::new(blockhash),
             protocol_min: value.protocol_min,
             protocol_max: value.protocol_max,
             hash_function: value.hash_function,
diff --git a/bdk-ffi/src/esplora.rs b/bdk-ffi/src/esplora.rs
index 86196e95..39865f7b 100644
--- a/bdk-ffi/src/esplora.rs
+++ b/bdk-ffi/src/esplora.rs
@@ -1,4 +1,6 @@
+use crate::bitcoin::BlockHash;
 use crate::bitcoin::Transaction;
+use crate::bitcoin::Txid;
 use crate::error::EsploraError;
 use crate::types::Tx;
 use crate::types::TxStatus;
@@ -8,7 +10,6 @@ use crate::types::{FullScanRequest, SyncRequest};
 use bdk_esplora::esplora_client::{BlockingClient, Builder};
 use bdk_esplora::EsploraExt;
 use bdk_wallet::bitcoin::Transaction as BdkTransaction;
-use bdk_wallet::bitcoin::Txid;
 use bdk_wallet::chain::spk_client::FullScanRequest as BdkFullScanRequest;
 use bdk_wallet::chain::spk_client::FullScanResponse as BdkFullScanResponse;
 use bdk_wallet::chain::spk_client::SyncRequest as BdkSyncRequest;
@@ -17,7 +18,6 @@ use bdk_wallet::KeychainKind;
 use bdk_wallet::Update as BdkUpdate;
 
 use std::collections::{BTreeMap, HashMap};
-use std::str::FromStr;
 use std::sync::Arc;
 
 /// Wrapper around an esplora_client::BlockingClient which includes an internal in-memory transaction
@@ -110,9 +110,8 @@ impl EsploraClient {
     }
 
     /// Get a [`Transaction`] option given its [`Txid`].
-    pub fn get_tx(&self, txid: String) -> Result<Option<Arc<Transaction>>, EsploraError> {
-        let txid = Txid::from_str(&txid)?;
-        let tx_opt = self.0.get_tx(&txid)?;
+    pub fn get_tx(&self, txid: Arc<Txid>) -> Result<Option<Arc<Transaction>>, EsploraError> {
+        let tx_opt = self.0.get_tx(&txid.0)?;
         Ok(tx_opt.map(|inner| Arc::new(Transaction::from(inner))))
     }
 
@@ -128,27 +127,25 @@ impl EsploraClient {
     }
 
     /// Get the [`BlockHash`] of a specific block height.
-    pub fn get_block_hash(&self, block_height: u32) -> Result<String, EsploraError> {
+    pub fn get_block_hash(&self, block_height: u32) -> Result<Arc<BlockHash>, EsploraError> {
         self.0
             .get_block_hash(block_height)
-            .map(|hash| hash.to_string())
+            .map(|hash| Arc::new(BlockHash(hash)))
             .map_err(EsploraError::from)
     }
 
     /// Get the status of a [`Transaction`] given its [`Txid`].
-    pub fn get_tx_status(&self, txid: String) -> Result<TxStatus, EsploraError> {
-        let txid = Txid::from_str(&txid)?;
+    pub fn get_tx_status(&self, txid: Arc<Txid>) -> Result<TxStatus, EsploraError> {
         self.0
-            .get_tx_status(&txid)
+            .get_tx_status(&txid.0)
             .map(TxStatus::from)
             .map_err(EsploraError::from)
     }
 
     /// Get transaction info given its [`Txid`].
-    pub fn get_tx_info(&self, txid: String) -> Result<Option<Tx>, EsploraError> {
-        let txid = Txid::from_str(&txid)?;
+    pub fn get_tx_info(&self, txid: Arc<Txid>) -> Result<Option<Tx>, EsploraError> {
         self.0
-            .get_tx_info(&txid)
+            .get_tx_info(&txid.0)
             .map(|tx| tx.map(Tx::from))
             .map_err(EsploraError::from)
     }
diff --git a/bdk-ffi/src/tx_builder.rs b/bdk-ffi/src/tx_builder.rs
index 64db08ea..93159015 100644
--- a/bdk-ffi/src/tx_builder.rs
+++ b/bdk-ffi/src/tx_builder.rs
@@ -1,4 +1,4 @@
-use crate::bitcoin::{Amount, FeeRate, OutPoint, Psbt, Script};
+use crate::bitcoin::{Amount, FeeRate, OutPoint, Psbt, Script, Txid};
 use crate::error::CreateTxError;
 use crate::types::{LockTime, ScriptAmount};
 use crate::wallet::Wallet;
@@ -8,13 +8,12 @@ use bdk_wallet::bitcoin::amount::Amount as BdkAmount;
 use bdk_wallet::bitcoin::script::PushBytesBuf;
 use bdk_wallet::bitcoin::Psbt as BdkPsbt;
 use bdk_wallet::bitcoin::ScriptBuf as BdkScriptBuf;
-use bdk_wallet::bitcoin::{OutPoint as BdkOutPoint, Sequence, Txid};
+use bdk_wallet::bitcoin::{OutPoint as BdkOutPoint, Sequence};
 use bdk_wallet::KeychainKind;
 
 use std::collections::BTreeMap;
 use std::collections::HashMap;
 use std::convert::{TryFrom, TryInto};
-use std::str::FromStr;
 use std::sync::Arc;
 
 type ChangeSpendPolicy = bdk_wallet::ChangeSpendPolicy;
@@ -413,7 +412,7 @@ impl TxBuilder {
 /// until finally calling `finish` to consume the builder and generate the transaction.
 #[derive(Clone, uniffi::Object)]
 pub struct BumpFeeTxBuilder {
-    txid: String,
+    txid: Arc<Txid>,
     fee_rate: Arc<FeeRate>,
     sequence: Option<u32>,
     current_height: Option<u32>,
@@ -425,7 +424,7 @@ pub struct BumpFeeTxBuilder {
 #[uniffi::export]
 impl BumpFeeTxBuilder {
     #[uniffi::constructor]
-    pub fn new(txid: String, fee_rate: Arc<FeeRate>) -> Self {
+    pub fn new(txid: Arc<Txid>, fee_rate: Arc<FeeRate>) -> Self {
         BumpFeeTxBuilder {
             txid,
             fee_rate,
@@ -506,11 +505,10 @@ impl BumpFeeTxBuilder {
     /// WARNING: To avoid change address reuse you must persist the changes resulting from one or more calls to this
     /// method before closing the wallet. See `Wallet::reveal_next_address`.
     pub fn finish(&self, wallet: &Arc<Wallet>) -> Result<Arc<Psbt>, CreateTxError> {
-        let txid = Txid::from_str(self.txid.as_str()).map_err(|_| CreateTxError::UnknownUtxo {
-            outpoint: self.txid.clone(),
-        })?;
         let mut wallet = wallet.get_wallet();
-        let mut tx_builder = wallet.build_fee_bump(txid).map_err(CreateTxError::from)?;
+        let mut tx_builder = wallet
+            .build_fee_bump(self.txid.0)
+            .map_err(CreateTxError::from)?;
         tx_builder.fee_rate(self.fee_rate.0);
         if let Some(sequence) = self.sequence {
             tx_builder.set_exact_sequence(Sequence(sequence));
diff --git a/bdk-ffi/src/types.rs b/bdk-ffi/src/types.rs
index 05a030bb..f894edea 100644
--- a/bdk-ffi/src/types.rs
+++ b/bdk-ffi/src/types.rs
@@ -1,4 +1,4 @@
-use crate::bitcoin::{Address, Amount, OutPoint, Script, Transaction, TxOut};
+use crate::bitcoin::{Address, Amount, BlockHash, OutPoint, Script, Transaction, TxOut, Txid};
 use crate::error::{CreateTxError, RequestBuilderError};
 
 use bdk_core::bitcoin::absolute::LockTime as BdkLockTime;
@@ -51,7 +51,7 @@ pub enum ChainPosition {
         /// A child transaction that has been confirmed. Due to incomplete information,
         /// it is only known that this transaction is confirmed at a chain height less than
         /// or equal to this child TXID.
-        transitively: Option<String>,
+        transitively: Option<Arc<Txid>>,
     },
     /// The transaction was last seen in the mempool at this timestamp.
     Unconfirmed { timestamp: Option<u64> },
@@ -73,7 +73,7 @@ impl From<BdkChainPosition<BdkConfirmationBlockTime>> for ChainPosition {
                         block_id,
                         confirmation_time: anchor.confirmation_time,
                     },
-                    transitively: transitively.map(|t| t.to_string()),
+                    transitively: transitively.map(|t| Arc::new(Txid(t))),
                 }
             }
             BdkChainPosition::Unconfirmed { last_seen } => ChainPosition::Unconfirmed {
@@ -203,7 +203,7 @@ impl From<BdkLocalOutput> for LocalOutput {
     fn from(local_utxo: BdkLocalOutput) -> Self {
         LocalOutput {
             outpoint: OutPoint {
-                txid: local_utxo.outpoint.txid.to_string(),
+                txid: Arc::new(Txid(local_utxo.outpoint.txid)),
                 vout: local_utxo.outpoint.vout,
             },
             txout: TxOut {
@@ -658,7 +658,7 @@ pub struct TxStatus {
     /// Height of the block this transaction was included.
     pub block_height: Option<u32>,
     /// Hash of the block.
-    pub block_hash: Option<String>,
+    pub block_hash: Option<Arc<BlockHash>>,
     /// The time shown in the block, not necessarily the same time as when the block was found.
     pub block_time: Option<u64>,
 }
@@ -668,7 +668,7 @@ impl From<BdkTxStatus> for TxStatus {
         TxStatus {
             confirmed: status.confirmed,
             block_height: status.block_height,
-            block_hash: status.block_hash.map(|h| h.to_string()),
+            block_hash: status.block_hash.map(|h| Arc::new(BlockHash(h))),
             block_time: status.block_time,
         }
     }
@@ -678,7 +678,7 @@ impl From<BdkTxStatus> for TxStatus {
 #[derive(Debug, uniffi::Record)]
 pub struct Tx {
     /// The transaction identifier.
-    pub txid: String,
+    pub txid: Arc<Txid>,
     /// The transaction version, of which 0, 1, 2 are standard.
     pub version: i32,
     /// The block height or time restriction on the transaction.
@@ -696,7 +696,7 @@ pub struct Tx {
 impl From<BdkTx> for Tx {
     fn from(tx: BdkTx) -> Self {
         Self {
-            txid: tx.txid.to_string(),
+            txid: Arc::new(Txid(tx.txid)),
             version: tx.version,
             locktime: tx.locktime,
             size: tx.size as u64,
diff --git a/bdk-ffi/src/wallet.rs b/bdk-ffi/src/wallet.rs
index 8fed093b..e70029ac 100644
--- a/bdk-ffi/src/wallet.rs
+++ b/bdk-ffi/src/wallet.rs
@@ -1,4 +1,4 @@
-use crate::bitcoin::{Amount, FeeRate, OutPoint, Psbt, Script, Transaction};
+use crate::bitcoin::{Amount, FeeRate, OutPoint, Psbt, Script, Transaction, Txid};
 use crate::descriptor::Descriptor;
 use crate::error::{
     CalculateFeeError, CannotConnectError, CreateWithPersistError, DescriptorError,
@@ -10,13 +10,12 @@ use crate::types::{
     Policy, SentAndReceivedValues, SignOptions, SyncRequestBuilder, UnconfirmedTx, Update,
 };
 
-use bdk_wallet::bitcoin::{Network, Txid};
+use bdk_wallet::bitcoin::Network;
 use bdk_wallet::rusqlite::Connection as BdkConnection;
 use bdk_wallet::signer::SignOptions as BdkSignOptions;
 use bdk_wallet::{KeychainKind, PersistedWallet, Wallet as BdkWallet};
 
 use std::borrow::BorrowMut;
-use std::str::FromStr;
 use std::sync::{Arc, Mutex, MutexGuard};
 
 /// A Bitcoin wallet.
@@ -334,10 +333,8 @@ impl Wallet {
     ///   confirmed or unconfirmed. If the transaction is confirmed, the anchor which proves the
     ///   confirmation is provided. If the transaction is unconfirmed, the unix timestamp of when
     ///   the transaction was last seen in the mempool is provided.
-    pub fn get_tx(&self, txid: String) -> Result<Option<CanonicalTx>, TxidParseError> {
-        let txid =
-            Txid::from_str(txid.as_str()).map_err(|_| TxidParseError::InvalidTxid { txid })?;
-        Ok(self.get_wallet().get_tx(txid).map(|tx| tx.into()))
+    pub fn get_tx(&self, txid: Arc<Txid>) -> Result<Option<CanonicalTx>, TxidParseError> {
+        Ok(self.get_wallet().get_tx(txid.0).map(|tx| tx.into()))
     }
 
     /// Calculates the fee of a given transaction. Returns [`Amount::ZERO`] if `tx` is a coinbase transaction.
diff --git a/bdk-jvm/lib/src/test/kotlin/org/bitcoindevkit/LiveElectrumClientTest.kt b/bdk-jvm/lib/src/test/kotlin/org/bitcoindevkit/LiveElectrumClientTest.kt
index 5fdfef78..ea282f04 100644
--- a/bdk-jvm/lib/src/test/kotlin/org/bitcoindevkit/LiveElectrumClientTest.kt
+++ b/bdk-jvm/lib/src/test/kotlin/org/bitcoindevkit/LiveElectrumClientTest.kt
@@ -48,7 +48,7 @@ class LiveElectrumClientTest {
 
         assertEquals(
             expected = "000000000933ea01ad0ee984209779baaec3ced90fa3f408719526f8d77f4943",
-            actual = features.genesisHash
+            actual = features.genesisHash.toString()
         )
     }
 
diff --git a/bdk-swift/Tests/BitcoinDevKitTests/LiveElectrumClientTests.swift b/bdk-swift/Tests/BitcoinDevKitTests/LiveElectrumClientTests.swift
index 05c4873b..af543fce 100644
--- a/bdk-swift/Tests/BitcoinDevKitTests/LiveElectrumClientTests.swift
+++ b/bdk-swift/Tests/BitcoinDevKitTests/LiveElectrumClientTests.swift
@@ -54,7 +54,7 @@ final class LiveElectrumClientTests: XCTestCase {
         print("Server Features:\n\(features)")
 
         XCTAssertEqual(
-            features.genesisHash,
+            features.genesisHash.description,
             "000000000933ea01ad0ee984209779baaec3ced90fa3f408719526f8d77f4943"
         )
     }