BlockchainBeginner

Double spending

An attempt to spend the same digital funds in two conflicting payments.

PLAIN-ENGLISH DEFINITION

In more detail

Copying a file is easy; making copied money count twice is the problem. A blockchain's rules and consensus mechanism settle on a history where conflicting spends cannot both succeed. Seeing a payment broadcast is therefore different from having confidence that its accepted history will stay in place.

IN THE WILD

How you might use it

Someone broadcasts two Bitcoin transactions using the same UTXO. The accepted chain can include one of those spends, but not both.

Was this clear?

Got a way to make Double spending click?

Add your take

By Crypto Dictionary · Published · Updated

Go to the source

Use the original reference to explore the details behind this entry.

Read the reference

An original explanation with a reference to follow. Protocol details and community usage can evolve. Sources & standards

PASS IT TO THE GROUP CHAT

Share a definition