What Is Double Spending In Cryptocurrency
Hits: 6 A double spend is an attack where the given set of coins is spent in more than one transaction. There are a couple of main ways to perform a double spend: Send two conflicting transactions in rapid succession into the Bitcoin network. This is called a race attack. Pre-mine one transaction into a block […]
What is a Decentralized Exchange
Hits: 4 Bitcoin, the first blockchain-based cryptocurrency, was created as a peer to peer payment system that allows its users to transfer value with no central authority or third party involved. Since a network of distributed and mostly anonymous miners are all in charge of processing the transactions, we are ensured that problems like censorship, […]