Bitcoin Forum
August 26, 2024, 02:24:17 AM *
News: Latest Bitcoin Core release: 27.1 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Other / Beginners & Help / Double spending within ten minutes on: July 30, 2015, 02:52:27 PM
This must have been asked before but I can't find an answer.

SCENARIO:  It takes ten minutes to add a new block of data to the blockchain.  Larry has one bitcoin.  He goes to the mall and within one ten minute period between blocks:

1) Larry spends most of his bitcoin at a computer store.
2) Larry runs next door to a jewelry store, where he again spends most of his bitcoin.

Obviously this can't happen.  What is the mechanism that prevents double spending within the ten minutes between blocks?

Thanks.
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!