At present, we can only trade on the exchange. The so-called currency circle exchange is actually equivalent to a centralized trading platform. We all put our own coins on it for trading, and the platform provides us with technology, security, transactions, etc. And so on, they charge a little transaction fee.
If we want to use trading platform services, we must completely trust them. Putting coins on this platform is equivalent to putting my own money in other people's pockets.
Others can actually dispose of our assets at will.
So be sure to find a large platform with high reputation and reliability.
Topic: look, look, what's this - page 2. (Read 772 times)
Cryptocurrency is still considered more of a digital asset at present, but the real goal of Bitcoin or other cryptocurrencies should be as a currency that can be used for "payment".
How can digital currencies be traded offline? Can you explain the idea?
It is an offline transaction, using a new algorithm, using Bluetooth transactions, so that the digital currency usage scenario returns to the essence of currency!
Like others said, if it's a good idea then it should've been created a long time ago and we are now using it because it will surely be helpful.
Basically, what is the benefit of trading offline? This, of course, is in addition to the problems you mentioned, such as the ledger, transaction confirmation, and other problems that will appear later.
There is a practical benefit from using offline wallets, for example, to increase security. As for offline trading, I do not find it necessary.
How can digital currencies be traded offline? Can you explain the idea?
It is an offline transaction, using a new algorithm, using Bluetooth transactions, so that the digital currency usage scenario returns to the essence of currency!
Like others said, if it's a good idea then it should've been created a long time ago and we are now using it because it will surely be helpful.
But things should be considered like attacks, again the confirmation which the miners do, and where the transaction can be seen for transparency. It's a good idea but there are too many flaws in it. It's not like we are sharing a .mp4 file here, it's money that we will be talking about and customers will make sure all their transactions are secured to trust the project.
I heard about such question years before and most of people were Against it. First of all, currently it doesn’t seems to be happened. Cryptocurrency volume, trading, buy sell order and others things need to update every second. With such conditions, how it is possible to manage all of those things without internet connection? If you have any idea, then you can share with us.
You raise a valid point about the dependence of cryptocurrencies on internet connectivity. Indeed, the nature of cryptocurrencies requires real-time updates and access to online platforms for trading, transaction verification, and maintaining accurate records.As of now, it is challenging to imagine managing cryptocurrency-related activities without an internet connection. The decentralized nature of cryptocurrencies relies on a network of computers and nodes interconnected through the internet to validate transactions and maintain consensus.
However, it's worth noting that there have been discussions and advancements in technologies like satellite-based internet connectivity and mesh networks that aim to provide internet access even in areas with limited or no traditional internet infrastructure. Such developments could potentially address concerns related to internet connectivity and expand access to cryptocurrencies in more remote regions.
Nonetheless, in the current landscape, having a stable and reliable internet connection remains a fundamental requirement for actively participating in the world of cryptocurrencies.
Some people say that the network signal is not good when you are away from home. If there are currencies that are traded offline, that would be great, and maybe there will be large-scale application scenarios for digital currencies! What do you think?
The crazy thing is that even the banks are aware of this. Listen to what Deutsche Bank has to say. In their "Imagine 2030" report, they talk about how fragile the traditional monetary system is-by 2030, more than 200 million people will use digital money － by which time traditional currencies will have gone downhill.
It's not just Deutsche Bank. Twitter's Jack Dorsey has said he believes bitcoin will eventually become the world's single currency. Elon Musk has said, "Encryption is a better way to transfer value than a piece of paper. ” says blockchain-the technology that makes encryption possible-is worth 10 times more than the internet.
Over the past two years, the crypto market structure has matured dramatically and become more institutionalized. That means the market will be better prepared when another bull run comes along.
The large-scale application of digital currency requires many factors, which is expected by many people
Hasn't digital currency transactions been used in the online shopping market for a long time? In my country, I don't need cash when I go out and pay with my phone. The large-scale application of digital currency requires many factors, which is expected by many people
I heard about such question years before and most of people were Against it. First of all, currently it doesn’t seems to be happened. Cryptocurrency volume, trading, buy sell order and others things need to update every second. With such conditions, how it is possible to manage all of those things without internet connection? If you have any idea, then you can share with us.
I pay more attention to the return that digital currency can give me, and the digital currency market has huge growth potential. Now that the demand for digital payment continues to grow, the digital currency market will continue to expand. By participating in digital currency investments, investors can share in this growth potential and earn handsome returns.
We all look forward to new technologies that can improve the security of digital currency, and there are practical examples to support the circulation of digital currency, not just the dangerous purpose of speculation!
Is the type of coin X that you mean a digital currency that can be traded without causing dependence on a good and strong internet network? It seems like a visionary coin too. Btw, If there is. I seem interested to follow.
Even if there is such a digital currency, it is the currency behavior of a certain country, and it will not come here and become the target of speculation.
Over the past two years, the crypto market structure has matured dramatically and become more institutionalized. That means the market will be better prepared when another bull run comes along.
The large-scale application of digital currency requires many factors, which is expected by many people
The large-scale application of digital currency requires many factors, which is expected by many people
I saw a news this morning
The Coinstar offline kiosks set up in some Safeway supermarkets and Albertsons stores in California, Texas and Washington state can directly buy bitcoins, allowing consumers to use paper money to buy bitcoins when shopping locally. In the press release, it is stated that if the pilot is successful, it will be opened to other parts of the United States in the future.
The offline application of digital currency is coming
The Coinstar offline kiosks set up in some Safeway supermarkets and Albertsons stores in California, Texas and Washington state can directly buy bitcoins, allowing consumers to use paper money to buy bitcoins when shopping locally. In the press release, it is stated that if the pilot is successful, it will be opened to other parts of the United States in the future.
The offline application of digital currency is coming
What digital currency needs is how to become a problem solver in the real world. There is a discussion about this in this thread (of course there are many topics that discuss this and I will only mention one of them). How can digital currency not be created just for trading currencies but can be used in everyday use in the real world.
Some people say that the network signal is not good when you are away from home. If there are currencies that are traded offline, that would be great, and maybe there will be large-scale application scenarios for digital currencies! What do you think?
Much has been discussed about trading cryptocurrencies offline. I think it is still impossible to realize. Because now is the digital era. And cryptocurrencies are digital markets and are created using internet-based digital technologies. Until now I have not seen an idea that is close to the application of digital asset trading offline.
A diigital currency that is offline? I don't think that will ever happen maybe not these days yet considering a lot that's being built are online and internet is only accessible online. Sure that will be good in the long run as it may reduce consumption and energy but aren't we are innovating most of our technology online now?
Technology is evolving into novel configurations, yet the demand for offline settings has yet to be addressed. It's more like shutting down the internet online; turning it off is altogether different. Offline would serve beneficial reasons for the common people; for those who do not have the financial means to obtain what they require, these Offline servers would be extremely valuable. It will never happen; the impossible has a small amount possibility of becoming a reality. A digital currency that is offline would, of course, be a wonderful addition to the market, but its services will incur additional costs, and we all know that nothing is free in today's society 
Some people say that the network signal is not good when you are away from home. If there are currencies that are traded offline, that would be great, and maybe there will be large-scale application scenarios for digital currencies! What do you think?
That is just proof that the internet has contributed a lot in this era to us, and it has been adopted by all people around the world. And all goods related to marketing online cannot be without an internet connection.
So here in cryptocurrency, it will be difficult for us to use it as a source of income if there is no internet for sure, so I hope the internet will not disappear until the coming times so that not many people or business industries will be affected.
It feels good. The specific content has observation.
I think online transactions are indeed convenient, but as you said, it is not convenient in places with poor networks. At the same time, it is difficult to avoid fraud in transactions, while offline transactions do not affect transactions in places with poor networks, and at the same time deepen the relationship between enterprises and enterprises. Cooperation between enterprises improves the authenticity of products, the trust of transactions, and the user experience.
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