Double-spending is a problem that arises in connection with electronic commerce.If a single online transaction has contact with two or more locations-as when the seller may be in New York and the buyer may be in Winnipeg-the government in each location may impose a tax.The same transaction therefore may be taxed twice.That is the double-spending problem.

Question

Quizplus · Accepted Answer

Double-spending refers to the potential for a digital currency to be spent more than once. The given statement is incorrect as it confuses the double-spending problem with the problem of multiple taxation on online transactions, which are two different issues.

Double-Spending Is a Problem That Arises in Connection with Electronic