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What cryptocurrencies work offline without Internet access to the ledger?
by ciupicri 1y ago
What cryptocurrencies work offline without Internet access to the ledger?
- samus 1y agoAll of them? As long as eventually the connection is restored and the transaction can propagate over the network.
- thaumasiotes 1y agoThe point of the ledger is to prevent double-spending. Offline payment specifically allows double-spending. If you have offline payment, you don't need a ledger at all; you can just use PGP.
- samus 1y agoThose transactions simply won't be accepted. Sucks for the seller, but how to deal with that mess is an issue that has to be solved on an upper layer by ToS or laws.
- rjdj377dhabsn 1y agoDoesn't Solana require the hash of a recent (~ 1 minute) block before signing?
- jancsika 1y agoAlso, "all of them"-- as in, when you pay multiple parties offline with the same exact crypto-dollar, all of them will get paid. Even better, when you're back online the network will run a sanity check to protect against the evils of inflation. (Note: inflation-check fees will vary between 0 and 100% per payee.)
- Spooky23 1y agoThey do, but the payee accepts risk.