Android Tool Lets You Check Crypto Payment Apps for Double-Spends

The risk of double-spending has traditionally been a major obstacle to creating and fully using digital money. A flaw of this kind would be detrimental to the credibility of any system claiming to provide universal solutions to the financial needs of our era. Whoever created Bitcoin elegantly solved the difficult task, but a growing ecosystem of related products and services comes with new threats and resurrects the challenge. It isn’t Bitcoin’s fault, but the danger is nevertheless present and a solution is needed.

Also read: Ukraine in a Rush to Legalize Cryptocurrencies Under Zelensky

Paynoway Tests Cryptocurrency Payment Applications

Developers have been working to protect you from some of the risks associated with products that expand the usability and utility of decentralized cryptocurrencies. The creators of a mobile application called Paynoway insist “double-spending is no longer a theoretical possibility but a practical reality.” They are…