What is Double Spending Is it possible to double spend in a Blockchain system Crypto

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What is Double Spending? Is it possible to double spend in a Blockchain system?- Crypto

In this Blockchain interview questions , I have collected the most frequently asked questions by interviewers. These questions are collected after consulting with top industry experts in the field of Blockchain & related technologies.

Asked On2022-01-09 07:33:24 by:Akhil-Dev-D

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Answer: Double-spending can happen, but it is more likely that a cryptocurrency is stolen from a wallet that wasn't adequately protected and secured. Many variations of attacks could be used for double-spending—51% is one of the most commonly cited attacks, while the unconfirmed transaction attack is most commonly seen.

Answerd on:2022-01-09 Answerd By:AanchalKumari

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Open terminal or command line window.
Goto the specified folder or directory where php files are present.
Then we can run php code code using the following command:
```
php file_name.php
```

Answerd on:2022-01-18 Answerd By:hyperhg2021

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The blockchain which undergirds a digital currency like bitcoin is not able to prevent double-spending on its own. Rather, all of the different transactions involving the relevant cryptocurrency are posted to the blockchain, where they are separately verified and protected by a confirmation process.

Answerd on:2022-01-10 Answerd By:Akhil-Dev-D

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Increased limit factor. Increased limit factors or ILFs are multiplicative factors that are applied to premiums for "basic" limits of coverage to determine premiums for higher limits of coverage. They are commonly used in casualty insurance pricing

Answerd on:2018-06-07 Answerd By:SaiKiran

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Open terminal or command line window.
Goto the specified folder or directory where php files are present.
Then we can run php code code using the following command:
```
php file_name.php
```

Answerd on:2022-01-05 Answerd By:hyperhg2021

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What is Double Spending? Is it possible to double spend in a Blockchain system?- Crypto

In this Blockchain interview questions , I have collected the most frequently asked questions by interviewers. These questions are collected after consulting with top industry experts in the field of Blockchain & related technologies.

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