Double Spend

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    Categories: Blockchain

    Refers to the problem with digital money whereby transactions can be copied and spent twice. Bitcoin solves this problem with the use of a peer-to-peer network that maintains a universal ledger that is chronologically ordered since the begining of its operation in 2009. Once a bitcoin transaction is confirmed, it is virtually impossible to double spend it.

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    Justin Chan
    Dr Chan founded DataDrivenInvestor.com (DDI) and is the CEO for JCube Capital Partners. Specialized in strategy development, alternative data analytics and behavioral finance, Dr Chan also has extensive experience in investment management and financial services industries. Prior to forming JCube and DDI, Dr Chan served in the capacity of strategy development in multiple hedge funds, fintech companies, and also served as a senior quantitative strategist at GMO. A published author at professional journals in finance, Dr. Chan holds a Ph.D. degree in finance from UCLA.