Altcoins Talks - Cryptocurrency Forum

Learning & News => Further Education => For Beginners => Terminology => Topic started by: Mounty on July 01, 2018, 12:06:41 PM

Title: Double Spending - Meaning - Definition
Post by: Mounty on July 01, 2018, 12:06:41 PM

This the problem that the blockchain tried to resolve through the proof of work, sometimes it can be possible as a result of a 51% Attack, hack of the Blockchain which allows a coin/token to be spent more than ones.

More info about double spending:

Title: Re: Double Spending - Meaning - Definition
Post by: Chilwell on November 20, 2024, 03:05:21 PM

Double Spending is a cryptocurrency network exploitation  where an individual Fraudulently attempt to use the same fund twice or duplicating the transactions. With the purpose of misleading the network into accepting duplicate transactions.