What is double spending

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51% ( majority ) hash power attack in bitcoin ! what is double spend ? monopoly of blockchain

1 557 views | 15 Apr. 2018

There are many

There are many misconceptions regarding 51% attack or majority hash power attack in bitcoin ( or other similar cryptocurrencies ) Also what is double spend attack ? How it works ? what it can lead to ? The monopoly of blockchain if some hacker gets majority hash power ! The myths vs reality video ! can the hacker modify bitcoin protocols ? Can he activate his own BIP - bitcoin implementation proposal ? Can he generate new bitcoins on his own or change supply of bitcoins ? What all majority hash power attack can lead to and what it can not lead to ! All these things will be cleared in this video .

The current video was next part of this video : https://www.youtube.com/watch?v=LRR2-ibMqPM



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the current video is next part of this video : https://www.youtube.com/watch?v=LRR2-ibMqPM

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What is double spending

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Bitcoin: This is how Bitcoin Solved the Double-Spending Problem | Planet Crypto (Hindi/Urdu)

327 views | 8 Jun. 2019

One of the points that

One of the points that makes Bitcoin so special is that it solved the double-spending problem. This is something no one in the world was able to do prior to Satoshi Nakamoto's concept of Decentralized Blockchain Technology proposed in the 2008 Bitcoin Whitepaper.

In this video, we explain in simple terms exactly how Bitcoin's protocol solves the double spending problem. More specifically, we look at a very special rule built into Bitcoin's protocol, The Longest Chain Rule, which is designed to help prevent double spending.

In terms of Planet Crypto's 5-Step Master Blueprint for gaining a fundamental understanding of cryptocurrencies, in this video we are on our third step, Identify the Solution. The Blueprint includes steps that will help you to formulate your own strategy for understanding the cryptocurrency market. It will show you the importance of Learning from the Source, Identifying the Problem(s) and Solution(s), and Evaluating the Solution(s) BEFORE executing your decision to maximize your chances of success.

This is the tenth video of our series called "Understanding Cryptocurrency Fundamentals" designed to explain to you in simple terms cryptocurrency fundamentals by answering questions including but not limited to: What are Cryptocurrencies? What is the purpose of Cryptocurrencies? Do Cryptocurrencies solve a problem? and How can you benefit from Cryptocurrencies?

By the end of this series, you will have an advanced understanding of cryptocurrency fundamentals and clear steps on how to formulate the best strategy to maximize your success in the crypto space and beyond.



►Bitcoin Whitepaper https://bitcoin.org/bitcoin.pdf

► Previous Video: How does blockchain work? Simple explanation (2019) https://www.youtube.com/watch?v=YSMB90NIPEI


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Disclosure: I am not a professional financial adviser. This is not financial advice and you should always do your own research. The information on this site is provided for discussion, entertainment, and educational purposes only, and are not investing recommendations. These are simply my opinions.


Credits: Royalty Free Music by Bensound. #blockchain #cryptocurrency #bitcoin


nice video dear

What is double spending

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What is the double spending problem in Bitcoin and crypto?

155 views | 21 Aug. 2018

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What is the double spending problem in cryptocurrencies? How can double spending affect your wallets and forks? How can double spending be prevented?

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