Hacker Newsnew | past | comments | ask | show | jobs | submitlogin
Bitcoin: The Double-Spend Never Happened (coindesk.com)
3 points by Bluestein on Jan 23, 2021 | hide | past | favorite | 2 comments


"Put another way, no bitcoin was 'double-spent' because no new coins were added to Bitcoin’s supply. Instead, the same coins from the same wallet were registered in two different blocks during a typical split in Bitcoin’s blockchain."


This is why most wallets wait for 6 confirmations before declaring the transaction as confirmed.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: