Addressing Double-Spend Risks
NanoChain's sequential block structure and client-side logic prevent double spending effectively.
While operating without a global ledger, NanoChain's design effectively mitigates double-spend risks. Each account's blockchain is managed sequentially, and client-side logic ensures that previous transactions are confirmed before new ones are added to the chain. This distributed, sequential validation prevents fraudulent re-spending of tokens.
The combination of cryptographic signatures on each block and the application of client-specific logic ensures that all participants can verify the validity of transactions in real-time. This robust, decentralized approach maintains the integrity of the token model without the need for complex, resource-intensive global consensus mechanisms.
