RATE Group | Bitcoin Cash Double Spend Statistics Invoke 0-Confirmation Debate
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Bitcoin Cash Double Spend Statistics Invoke 0-Confirmation Debate

29 Nov Bitcoin Cash Double Spend Statistics Invoke 0-Confirmation Debate

Posted at 20:55h in Bitcoin News by

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Bitcoin Cash Double Spend Statistics Invoke 0-Confirmation Debate

On November 28, the creator of doublespend.cash, a web portal that tracks and collects double spend attempts on the Bitcoin Cash network, explained that only 1 out of 1,105 double spends succeeds when they broadcast one second after the first transaction. The website’s creator highlighted that in most cases “only when submitted simultaneously, can a double spend succeed.”

Also read: German Banks Authorized to Store and Sell Cryptocurrency in 2020

BCH Proponents Discuss Double Spends, Honoring the ‘First Seen,’ and Current Zero-Confirmation Security

Bitcoin Cash (BCH) participants have always been intrigued by zero-confirmation transactions and concepts like double spend proofs that could strengthen instant transactions. Essentially a double spend is when someone tries to spend the same BCH to two different addresses. Even though it’s not common, double spends on digital currencies like BTC, BCH, and BSV can occur. The website

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