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The very first tests were undertaken in the 1980s, but they never acquired any popularity, owing to the double-spending dilemma.</p>\n<p>To be more specific, in order for someone to double-spend, <strong>a hidden block that outperforms the construction of the main blockchain must be <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mining/">mined. </strong>They'd have to showcase that chain to the network before it caught up. If they did, the network would identify it as the most recent set of blocks and include it in the chain.</p>\n<p>As a result, the individual who did this might then return whatever cryptocurrency they had spent and utilize it again.</p>\n<p>This double-spending scenario can happen in a cryptocurrency when it is inferred by malicious individuals. Typically, fraudsters send several packets connected to a transaction to the currency’s network, but then reverse that transaction with the aim of making it seem as if it never happened.</p>\n<p><strong>Speaking of <a href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">Bitcoin, it is currently seen as having solved the double-spending issue.</strong> It makes it possible by recording all transactions on the blockchain. These records are, in fact, permanent. This is because each new block mined is required to have references to previous blocks.</p>\n<p>Since the blockchain is distributed throughout several computers and places, the computing power needed to generate a single adjustment to the ledger is so high that it is seen as an unachievable task.</p>\n<p>Nonetheless, Bitcoin had faced some difficulties regarding its steadiness. <strong>In several scenarios, malicious actors have tried to double-spend utilizing the sheer weight of computing power. </strong>In other scenarios, Bitcoin fraudsters have utilized other methods to capture cryptocurrency from poorly secured <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-wallet/">wallets./nThis is the most common type of stealing that is now taking place on the Bitcoin blockchain, as well as in the broader crypto industry.</p>\n<p>In addition, numerous attack variants might enable malicious miners to double spend. <strong>The Finney attack, the unvalidated transaction attack, race attack, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-51-attack/">51% attack</a>, and the career attack are all featured.</strong></p>","level":"medium","meta_title":"What is Double-Spending? Definition & Meaning | Crypto Wiki","meta_description":"Double-Spending meaning: Double-Spending - is a problem regarding virtual currencies.","meta_keywords":null,"language":"en","created_at":"2022-03-10T08:06:43.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-double-spending"},"prevSection":{"id":297,"original_id":null,"author_id":41,"translator_id":null,"title":"What is Dust Transaction?","slug":"what-is-dust-transaction","section":"D","keyword":"Dust Transaction","status":"published","definition":"minuscule amounts of near-worthless crypto assets whose combined value is smaller than the transaction fees.","content":"<p><strong>In cryptocurrency, dust refers to the minuscule amounts of assets that settle in <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-wallet/">digital wallets</a> and hold little to no value</strong>. Dust transactions refer to the fact that the amount of dust in the wallet is smaller than the overall transaction fees.</p>\n<p>Since it’s difficult to utilize dust due to its lack of value and disproportionate transaction fees, they often end up as an untouched asset in the wallet.</p>\n<p><strong>Dust can be utilized with malicious intent</strong>. The most common use is for <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-dusting-attack/">dusting attacks</strong></a>. During a dusting attack, very small, barely noticeable amounts of cryptocurrency are transferred to random wallets. This allows the actors to track the dust activity inside the wallet and breach the account holder’s anonymity.</p>\n<p>Some organizations, like <strong>Dust Aid</strong>, allow holders to transfer any dust settled in their wallets. The collected dust is then donated for various charitable purposes.</p>","level":"easy","meta_title":"What is Dust Transaction? Definition & Meaning | Crypto Wiki","meta_description":"Dust Transaction meaning: Dust Transaction - minuscule amounts of near-worthless crypto assets whose combined value is smaller than the transaction fees.","meta_keywords":null,"language":"en","created_at":"2022-03-09T16:58:42.000000Z","updated_at":"2023-03-20T07:46:09.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-dust-transaction"},"currentChapter":"D","currentSection":"what-does-dyor-mean","chapterTitle":"D","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-does-dyor-mean","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter D
What does DYOR mean?
DYOR MEANING:
DYOR -
acronym for “do your own research”.
Let's find out DYOR meaning, definition in crypto,
what does DYOR mean,
and all other detailed facts.
DYOR stands for “do your own research”, a phrase frequently used in various crypto communities. It’s one of the core aspects of crypto investments. It refers to the need for prospective investors to look into the crypto projects themselves and figure out whether they are worthwhile investments or scams.
The acronym became popular around 2016-2018, during a massive surge of ICO projects. A significant number of ICO campaigns ended up being fraudulent, leading to investors losing their money.
To avoid enriching scammers, investors were strongly advised to do their own research to ensure that the project was legitimate before putting their money into it. The phrase has since become widely used on various social platforms, particularly among newcomer investors who might fall prey to scams and misinformation.
DYOR is also used as a disclaimer to state that the poster is sharing personal opinions or analyses and is not necessarily endorsing the project.
