Bitcoin, the pioneering copyright, relies on a decentralized network to validate and record transactions. This open and transparent nature, while a strength, presents a vulnerability known as the double-spend attack. In this type of attack, fraudulent actors attempt to spend the same Bitcoin unit multiple times, potentially exploiting the system fo
Mitigating Double-Spend Attacks in Bitcoin
Double-spend attacks pose a grave threat to the integrity of the Bitcoin network. These attacks exploit the inherent risk of spending the same bitcoin twice, possibly disrupting transactions and undermining trust in the system. Fortunately, Bitcoin's design incorporates several effective mechanisms to prevent this risk. The use of a decentralized r