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in BlockChain by

What’s Double Spending? Is it possible to double pay in a Blockchain system?

1 Answer

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It’s a condition when one digital token is spent multiple times because of the reason the token typically consists of a digital file that may simply be cloned. It merely results in inflation and organizations can bear an enormous loss. One in all the first aims of Blockchain technology is to eliminate this approach up to the potential extent.

Double spending is not possible in Blockchain because of the reason it confirms dealings by multiple parties before the particular transaction is written to the ledger.

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