🤷♀️Get to understand double spending
Double-spending It involves spending the same digital currency twice, This means that a user can make a payment, then quickly create a duplicate transaction using the same funds, effectively spending them twice.
In crypto Assume you have 1 BTC and try to spend it twice. You made 1 BTC transaction to Ayub. Again, send the same 1 BTC transaction to Rose.
The first transaction that got confirmations & verified by miners will be validated first, and another transaction that could not get enough confirmations will be pulled out from the network.
Blockchain stops double spending by using a consensus mechanism that creates an immutable ledger of transactions that is transparent, decentralized, and resistant to tampering.
