Report post

What is a double spend in Bitcoin?

A double spend is where two different transactions sent into the Bitcoin network are trying to spend the same account balance. Bitcoin naturally defends against this by confirming which the transaction which is included in a block first.

Can I double my bitcoins?

There are Scam sites that promise to double your sent bitcoins. you won't see your coins again. the transactions that they showcase are unrelated or staged. you can only double your bitcoins by investing wisely and luckily. Why should I just stop dying my premature grey hair in 2022?

Why did bitcoin use double SHA256?

The result of double sha256 (or triple sha256, or quadruple sha256, for that matter) is 256 bits in length. There has been a lot of conjecture over the years as to why the creator of bitcoin chose to use double sha256 in the protocol. One theory is that it was done to mitigate length-extension attacks.

Can You double spend a coin?

Because to be able to double spend that coin, the sender has to go back and reverse all transactions in the 6 blocks that have been added after their transaction, which is computationally impossible. If somehow an attacker captures 51% of the hash power of the network, double spending can happen.

Related articles

The World's Leading Crypto Trading Platform

Get my welcome gifts