What is the principle of the offline coin system (what is offline income)?

The principle of the offline coin system, according to Coindesk, is the process of sending cryptocurrency code and transaction information to smart contracts. It creates a decentralized digital asset (Dai) on the Ethereum blockchain without requiring users to provide any other types of wallet addresses. The system also utilizes a method called “lightning network”, which allows node operators to directly transfer funds from their servers. This method enables miners to obtain cheaper prices than Bitcoin.

What is offline income

In the blockchain industry, offline income refers to earning revenue by converting idle computing power into virtual assets. When you have a computer, if there is no electricity, your mining machine cannot operate. However, if you have a device that is not online (like a computer), you cannot receive rewards in Bitcoin or other digital currencies.

The most common method currently used in the market is to earn profit through “offline” income. This method is mainly divided into two types: generating income directly from the internet or implementing offline income through software. The other method is to use third-party applications to achieve income. These applications allow users to manage finances or pay interest on their smartphones, laptops, or mobile devices. These applications typically automatically provide a certain amount of offline funds in exchange for returns, without the concern of users’ accounts being hacked or stolen. (BlockBeats)