Double Spending definition

Double Spending means the use, or attempted use, of the same Digital Asset Token in more than one transaction or other similar arrangement;
Double Spending means to undertake, or attempt to undertake, two (2) different transactions on the Bitcoin blockchain or any other digital asset network and spend the same account balance on each of the transactions. DTC”, “we”, “us” and “our” shall mean Digital Treasures Center Pte. Ltd. (Company Registration No.: 201935231K), a company incorporated in the Republic of Singapore and having its registered office at 7 Straits View #05-01 Marina One East Tower Singapore 018936, and our related and/or affiliated organisations.
Double Spending means the use, or attempted use, of the same Virtual Financial Asset in more than one transaction or other similar arrangement;

Examples of Double Spending in a sentence

  • Double Spending or Double Booking: Using fiat-money Debit/Credit Cards to make online purchases exposes the user to online fraud because the same card data can be used by fraudulent parties to effect purchases without the owner’s authorization.

  • In this section, we analyze the security of Hybrid Mining against several attacks and show that it satisfies the security requirements of Section 2.Resilience to Double Spending.

  • Nodes need therefore to agree on TXs order to determine which came first, and thus is valid, and which after and must be rejected as being a fraudulent Double Spending attempt.

  • Paul Lienert, Reuters, Exclusive: Automakers to Double Spending on EVs, Batteries to $1.2 Trillion by 2030 (Oct.

  • A very significant innovation of blockchain technology is that blockchain technologies (not by Bitcoin itself though) have minimized two of the major risks connected to digital currency transactions: 1) The Byztantine General Problem and 2) Double Spending (in Proof of Work Consensus) [7].

  • U.W. Chohan, ‘The Double Spending Problem and Cryptocurrencies’, 23 December 2017 (<https://ssrn.com/abstract=3090174>), 1; Raskin (n.

  • Double Spending is when an attacker sends some money to a merchant on transaction t1 and then creates another transaction where it transfers this money to himself, transaction t1’.

  • The criterions for the comparison are the requirements for such schemes, i.e., Anonymity, Security (Double Spending Detection or Prevention), Trusted Authority’s Load, Transferability, and Fair Exchange.

  • Bitcoin is a well-known and remarkable cryptocurrency which first introduced blockchain technology, bringing about a breakthrough in solving the Double Spending Problem and thus making it feasible for cryptocurrencies to serve as Real Time Gross Settlement (RTGS) and Payment Systems.

  • It is also observed that distributed nodes in connection with network, can also be used to avoid the Double Spending in chain of Blocks [10],[11],[12].


More Definitions of Double Spending

Double Spending means the use, or attempted use, of the same Digital Assetin more than one transaction or other similar arrangement;
Double Spending means spending the same funds more than once. Id.

Related to Double Spending

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