Double spending

Di CoinGecko | Aggiornato il Mar 03, 2020
Double spending refers to the act of spending digital currencies twice. This is most commonly applied on crypto exchanges by unscrupulous actors. Typically, a double spending attack involves an attacker who first deposits a cryptocurrency into an exchange, then waits for it to confirm. Once it is confirmed, the perpetrator sells the deposited crypto for another currency, and then proceed to perform what is known as a 51% attack to try and reverse the blockchain (and his deposit). If successful, the perpetrator is then able to deposit his tokens again, likely in a different crypto exchange.

Condividi questo con un amico!

Termini correlati

Difficulty
A relative measure on how difficult it is to correctly guess a new block
Off-chain
It refers to transactions occuring outside the blockchain and executed instantly.
Ticker
A ticker is a stock or asset symbol that abbreviates the asset name and it can be used as an identifier of the asset.
Bitcoin Improvement Proposal (BIP)
Refers to improvement proposals for Bitcoin, used to introduce features or any updates on the Bitcoin network.
Vuoi saperne di più?
Torna al glossario o iscriviti alla nostra newsletter.
coingecko (thumbnail mini)
CoinGecko per iOS
coingecko (thumbnail mini)
CoinGecko per Android