Post
Topic
Board Development & Technical Discussion
Merits 2 from 1 user
Re: Bitcoin based close currency for mobile payment system
by
domob
on 28/05/2015, 12:29:04 UTC
⭐ Merited by ABCbits (2)
The currency will be mined internally. The blockchain would help with the offline transactions. 
I still don't get why you need a blockchain.  The purpose of the blockchain in Bitcoin is precisely to be a decentralised timestamping mechanism, so that double spends can be prevented.  If you control everything and only mine internally, you don't have to mine at all.

As far as I can think of, blockchain and offline transactions are totally orthogonal.  Can you give more details how a blockchain helps with the latter?