Double Spend

Double spend risk allows a holder to spend the digital currency twice. It is a potential problem unique to digital currencies. Digital information on the blockchain is reproduce-able by savvy individuals or strong miners who understand the blockchain network and the computing power or hash rate necessary to manipulate it.

Double spending occurs when a blockchain network attack happens and the malicious actor steals your cryptocurrency. The thief would send a copy of the currency transaction to make it look legitimate. They might erase the transaction altogether.

double spend

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