Double spending is a fraud technique that involves using the same digital currencyA digital currency is a medium of monetary exchange that only exists in electronic form and has no physical counterpart. to make two or more separate purchases. Double spending can occur by transferring funds from one account to another or creating a new transactionA transaction is a record of an event that occurred in the past. Transactions typically occur during the course of... using the same digital currency. On a blockchainAs a distributed ledger technology (DLT), a blockchain is a digital ledger that can create an immutable record of transactions...., only one transaction can go through. The network will reject the other transaction.
