Explain the Concept of 'Double-Spending' and How Blockchain Prevents It ▴ Learn

Explain the Concept of ‘Double-Spending’ and How Blockchain Prevents It.

Double-spending is the risk that a user could spend the same digital currency more than once. Blockchain prevents this by requiring all transactions to be confirmed and recorded on a public, immutable ledger.

Once a transaction is validated and added to a block, the network consensus ensures it cannot be reversed or duplicated, maintaining the currency's scarcity.

Define ‘Double-Spending’ and Explain How the Blockchain Structure Prevents It

How Does Consensus Relate to Double-Spending?

What Is a ‘Double Spend’ Attack and How Does the Blockchain Prevent It?

Explain the Concept of ‘Double-Spending’ and How Signatures Prevent It