Underneath Bitcoin's Double Spend Sensationalism is Proof Of Its Blockchain's Resilience

Written by alfredodecandia | Published 2021/01/22
Tech Story Tags: bitcoin | blockchain | double-spending | error-bitcoin | block-666833 | btc | hackernoon-top-story | bitcoin-spotlight

TLDR Underneath Bitcoin's Double Spend Sensationalism is Proof Of Its Resilience is Proof of Its Blockchain's Resilence. Block 666833 managed to spend 0.00062063 BTC: $1,000, $1.2,000 BTC: 0.00 BTC. Block is governed by the Proof of Work (PoW) consensus protocol. Every about 2 weeks, the difficulty is adjusted, and since a time unit is introduced, then on the bitcoin blockchain the timestamp that examines the time as a parameter is introduced.via the TL;DR App
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Written by alfredodecandia | Author of "Mastering EOS" & "Mastering DeFi" blockchain specialist, android developer
Published by HackerNoon on 2021/01/22
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