DOUBLE SPENDING - GENESIS BLOCK - IRREVERSIBLE - KYC -

DOUBLE SPENDING	refers to the 1st or first few blocks of a blockchain.Source + Source
GENESIS BLOCK	know your client/customer rules force financial institutions, in order ensuring that they are legitimate, to vet the people they are doing business with.Source + Source
IRREVERSIBLE	this causes coins spent that are already spent somewhere else, making one of the receivers end up with nothing. a common flaw in some cryptocurrency blockchains where the system of rules is not in motion properly, allowing malicious users to try and spend their unique codes in multiple places. Source + Source
KYC	there is no safety net for that situation. after confirmation, a transaction is unable to be reversed by nobody. Source + Source

DOUBLE SPENDING	this causes coins spent that are already spent somewhere else, making one of the receivers end up with nothing. a common flaw in some cryptocurrency blockchains where the system of rules is not in motion properly, allowing malicious users to try and spend their unique codes in multiple places. Source + Source
GENESIS BLOCK	refers to the 1st or first few blocks of a blockchain.Source + Source
IRREVERSIBLE	there is no safety net for that situation. after confirmation, a transaction is unable to be reversed by nobody. Source + Source
KYC	know your client/customer rules force financial institutions, in order ensuring that they are legitimate, to vet the people they are doing business with.Source + Source

Cryptocurrency News - Top Stories !

Playboy TV to Accept Crypto Payments for Adult Content - CoinDesk - CoinDesk

CoinDesk: Playboy TV is launching a new payment option that will allow customers to access its exclusive adult content using cryptocurrencies. According to an announcement today, the adult content network said it will roll out a dedicated cryptocurrency wallet ...

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IMF says digital currency tech can be used against crypto criminals - BBC News

BBC News: Christine Lagarde has called for a crackdown on crypto-currencies, saying the technology can be used to "fight fire with fire". The head of the International Monetary Fund says governments around the world could harness the technology to stop illegal ...

Apple-approved Mac Store app mined crypto-coins - BBC News - BBC News

BBC News: Annoyed users have forced an application to stop mining crypto-coins on ... Mac computers. Calendar 2 was available via the official Mac App store and gave extra features to anyone who let the mining code run. But users voiced complaints about the ...

Circle Rolls Out Crypto Investment App in 46 US States - CoinDesk - CoinDesk

CoinDesk: Four months after first announcing it, digital payments company Circle has officially launched its digital investment and storage app, Circle Invest. Describing it as "an app ... actually built around investing, not trends," the company released the ...

Europe's Central Bank Touts Crypto As Underbanked Aid - CoinDesk - CoinDesk

CoinDesk: The European Central Bank (ECB) has said cryptocurrencies could "be an early sign of change" around the world. In an opinion piece on Tuesday titled "Bitcoin is not the answer to a cashless society," ECB executive board member Benoit Coeure and Bank of ...and more ...

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