Double Spending

Implies that a crypto asset is spent twice. Usually occurs as a result of a 51% attack.

Bank of Canada: Double Spending is “Unrealistic” in Blockchain Technology

A study released in July 2018 by the Bank of Canada (BoC) concludes the dreaded “double spending” attack on public blockchains is an “unrealistic” outcome. Blockchain Technology Scrutinized The research study, titled “Incentive Compatibility on the Blockchain,” examines incentive rewards for maintaining a distributed ledger and models the behavior of a “cheating” participant who tampers […]

Bank of Canada: Double Spending is “Unrealistic” in Blockchain Technology

Following BTC hashrate, Bitcoin’s energy consumption is on the rise

Despite the efficiency improvements that BTC mining hardware has experienced over the years, Bitcoin’s electricity consumption is on the rise, according to a recent report. Bitcoin’s energy consumption ‘is on par with Czech Republic’ Bitcoin miners are usually described as the backbone of the Bitcoin network. These specialized computers are responsible for solving complex mathematical […]

Following BTC hashrate, Bitcoin’s energy consumption is on the rise
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