Introduction to Double-Spending: What It Is, How It Works, and How to Prevent Itby@bybit
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Introduction to Double-Spending: What It Is, How It Works, and How to Prevent It

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Double-spending is the concept that someone can replicate Bitcoin or cryptocurrency transactions with funds being sent to two different addresses simultaneously. The person responsible would then send a copy of the transaction to make it look genuine, or even delete the transaction altogether. For a digital currency to function reliably, there have to be strict mechanisms preventing this kind of behavior. This is because digital information can be relatively easily reproduced by tech-savvy individuals familiar with the blockchain network, and computing commands required to tamper with it.

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by Bybit @bybit.Bybit, a crypto exchange, offers an ultra-fast matching engine across Spot, F&O, launchpads, earn products, NFTs & more.
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