Can someone explain me what is "double spending" in Cryptocurrency transaction?
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Double spending, as the name suggests, is a term that is used to refer to the possibility of spending a particular money or coin two or more times.
Obviously, this can only happen when a crypto is not secure and is not immutable from fraud and other cyber breach.
Today, Bitcoin has become farmidable coin because double spending is not possible on its network.
I would actually also like to know more on that topic @gandhibaba
is double spending in crypto still possibility? I understand that with FIAT currency it could happen, but with crypto? Interesting.
Yes it's possible with some hacking power. A while ago new broke that double spending was possible on the BitcoinSV blockchain before the bug was fixed.
I wasn't aware of that ....
thx for replying so fast buddy. I always appreciate
Piotr