double spending

Double Spending in Cryptocurrency

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If anything can prove the great possibilities of financial technology world over then cryptocurrency is it. Over the years, technologists struggled to come up with a purely virtual currency. But, such efforts all fell flat when it came to verification of transactions and curbing possible double spending. But lo and behold, blockchain technology and cryptography … Read more

An Hawk-eyed Bitcoin technology nips double spending on the bud

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For the longest time, creating a purely virtual currency hit dead end because of challenges associated with autonomous  verification of transactions and risks of double spending. But since  bitcoin entered the market, it has  has made entry into new territories to the extent of being taken in as a legal tender in El Salvador and … Read more