double spending

Spending an amount of currency twice in a system of digital cash. Digital transactions can be falsified if there is no protective mechanism in place. Double spending was addressed in Satoshi Nakamoto's initial abstract that describes Bitcoin. For the full text of the abstract, read the end of the definition of Bitcoin.

Copyright © 1981-2025 by The Computer Language Company Inc. All Rights reserved. THIS DEFINITION IS FOR PERSONAL USE ONLY. All other reproduction is strictly prohibited without permission from the publisher.

All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.