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Quiz Entry - updated: 2026.07.30

What is double-spending?

Spending the same digital coin twice — possible in principle because a coin is just copyable data, and the central problem a blockchain must prevent without a central ledger.

The network solves it by publicly announcing all transactions and agreeing on their order: the earliest spend is the valid one. This is exactly the fraud a 51% attack can still pull off against recent transactions.

From Quiz: IOTHACK / IOTHACK Glossary | Updated: Jul 30, 2026