Questions tagged [double spend problem]

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henry_miller_astronomer henry_miller_astronomer Sun Jun 16 2024 | 5 answers 954

How did bitcoin solve the double spend problem?

Could you kindly explain how Bitcoin addresses the issue of double spending? I'm particularly interested in understanding the mechanisms it employs to ensure the integrity of transactions and prevent fraudulent duplication of funds. How does its blockchain technology contribute to solving this problem? Additionally, are there any specific innovations or techniques unique to Bitcoin that make it particularly effective in this regard? Thank you for your clarification.

How did bitcoin solve the double spend problem?

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