Recently I’ve been thinking about the shortcomings of cryptocurrencies and transactions. If we truly want to transform the world economy with distributed ledgers and cryptocurrencies, then we need to be able to make our transactions directly on our hardware wallets and to move our transactions away from mainland internet when necessary.
I’m thinking “mesh networks over WiFi”. Give hardware wallets very spesific way of communication abilities over wifi and mesh networks can provide a transaction gateway for hardware wallets. So the transactions can be done directly on hardware wallets. WiFi can go a long way even in countries that has no internet access or kind of internet ban. A feasible way to conduct this might be as following:
- Build a hardware wallet with WiFi that can hold and list all coins/tokens seperately
- Make the wallet connect to a decentralized exchange of user’s preferrence to buy and sell
- Also allow mesh networking for TXs in case of no internet
When you think about it, WiFi devices like routers and access points are easily accessible and relatively cheap in today’s world. Covering a city or a country with WiFi networks must be easier than fiber obtic cables.
Feel free to share your opinion and criticize!