CAUTION!! Many scammers are using the comment section to promote their scams and sometimes even use the name “99Bitcoins” in their profile. Never send money to someone you don’t know and don’t accept offers to trade or exchange cryptocurrency from strangers. Stay safe 🙏🏻🙏🏻🙏🏻
How would you go about double spending your coins? It's not like you could double spend via your Jaxx, Copay or mycelium wallet, so how would you go about copying your own transaction and sending the same bitcoin somewhere else again after it has been spent once? Why is the double spend problem even a problem? Why aren't your funds simply subtracted from your wallet when you make a payment?
![Cryptocurrency Explained: Understanding "Double-spend", Block Re-Organization, & Consensus [Bitcoin]](http://i.ytimg.com/vi/hixM4u7ep58/mqdefault.jpg)
CAUTION!! Many scammers are using the comment section to promote their scams and sometimes even use the name “99Bitcoins” in their profile. Never send money to someone you don’t know and don’t accept offers to trade or exchange cryptocurrency from strangers.
Stay safe 🙏🏻🙏🏻🙏🏻
It's 2021 and this 6 year old video is still, do this day, useful! Thank you for making this!
It's 2023 now and this video just explained to me what my professor took half a lecture to do.
What is the meaning of next block of confirmation? Means how did Transactions C comes into the picture?
It means the block that includes transaction A is valid because the next block( here includes transactionC) is confirmed.
nice video! thank you!
So if I double spend a bitcoin simultaneously the recipient(s), let's say two each has a 50% chance of getting a valid token?
bump
No only the first one has the 100% of getting valid as in the transaction pool it will be confirmed first i guess so
How would you go about double spending your coins? It's not like you could double spend via your Jaxx, Copay or mycelium wallet, so how would you go about copying your own transaction and sending the same bitcoin somewhere else again after it has been spent once? Why is the double spend problem even a problem? Why aren't your funds simply subtracted from your wallet when you make a payment?
You can design a malicious wallet that doesn't care about the total.
How can miners confirm the validity of a transaction?
Miners just calculate the hash, not check the validity.
@@anony3289w Exactly. The vast amount of energy burnt by mining has nothing to do with checking the validity of transactions.
Rip Average ❤️🩹🥺