What is the double-spending problem?

(kevinbooth)
Опубликовано: 12.10.2021 (5 дней назад)
Местоположение
United States

 

The double spending problem occurs when a single unit of cash is spent more than once at the same time. As a result, there is a discrepancy between the expenditure record and the quantity of cash accessible.

Because digital information may be altered or replicated more readily by expert programmers knowledgeable about how the blockchain protocol works, double spending is most often linked with Bitcoin. Because Bitcoin is a peer-to-peer medium of trade that does not pass through any intermediaries or institutions, it is also a target for thieves looking to double-spend.

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