How double spending can be stopped in a blockchain?
Answer / Dhiraj Kumar Mishra
Double spending can be stopped in a blockchain by using a consensus mechanism, which ensures that only one transaction is considered valid for each coin. This is typically achieved through proof-of-work (PoW) or proof-of-stake (PoS) algorithms.
| Is This Answer Correct ? | 0 Yes | 0 No |
What is mining?
What happens if the execution of a smart contract costs more than the specified gas?
What are the benefits of the distributed ledger?
What are the merkle trees? How important are merkle trees in blockchains?
What is the difference between blockchain and database?
What do you know about merkle trees in blockchain?
What are the benefits of blockchain? Explain it from your viewpoint and understanding?
How does peer discovery work in a peer-to-peer (p2p) network?
What are the properties of blockchain?
What is a chain fork?
What are the main use cases of solidity?
Why blockchain is a trusted approach?