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.
Bybit
Bybit is one of the fastest growing cryptocurrency derivatives exchanges, with more than a million registered users.
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Introduction to Double-Spending: What It Is, How It Works, and How to Prevent It
Source: Trends Pinoy
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