in BlockChain by
Q:
What is double spending in Blockchain?

▼ Show 1 Answer

0 votes
by

Double spending is the process of spending the same digital currency twice without the network security noticing it. Double spending is one of the biggest problems in the market, and the financial institution takes extra caution to ensure that they prevent double spending at any cost. It is mainly done by duping the network to think that the original amount is never spent, making it available to be used for other transaction.

BlockChain
Learn More with Madanswer

Related questions

0 votes
asked Dec 26, 2020 in BlockChain by GeorgeBell
...