The Double Spending Problem and Cryptocurrencies

8 Pages Posted: 23 Dec 2017

See all articles by Usman W. Chohan

Usman W. Chohan

UNSW Business School; Critical Blockchain Research Initiative (CBRI); Centre for Aerospace & Security Studies (CASS)

Date Written: December 19, 2017

Abstract

At the core of the economic logic of cryptocurrencies lies the problem of surmounting the double-spending problem, which poses an accounting and accountability challenge that effective cryptocurrencies have sought to overcome. This discussion paper reviews the salient literature so as to better inform academic and practitioner inquiry on the double-spending problems in cryptocurrencies.

Keywords: Cryptocurrency, Bitcoin, Blockchain, Accountability, Double Spending, Hash Rate

Suggested Citation

Chohan, Usman W., The Double Spending Problem and Cryptocurrencies (December 19, 2017). Available at SSRN: https://ssrn.com/abstract=3090174 or http://dx.doi.org/10.2139/ssrn.3090174

Usman W. Chohan (Contact Author)

UNSW Business School ( email )

UNSW Business School
High St
Sydney, NSW 2052
Australia

Critical Blockchain Research Initiative (CBRI) ( email )

Centre for Aerospace & Security Studies (CASS) ( email )

Islamabad
Pakistan

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