Risk and Guarantees
Risks and Guarantees for Offline Payments
Understanding the risks and guarantees of offline payments helps you use them safely and effectively.
Guarantees
Transaction Guarantees
Settlement Guarantee:
Transactions will settle
Guaranteed when online
Complete process
Guaranteed
Privacy Guarantee:
Privacy maintained
No exposure
Complete privacy
Guaranteed
Security Guarantee:
Secure transactions
Verified transactions
Complete security
Guaranteed
Proof Guarantees
Validity Guarantee:
Proofs are valid
Cryptographically secure
Cannot be faked
Guaranteed
Privacy Guarantee:
Proofs hide information
Cannot extract data
Complete privacy
Guaranteed
Risks
Device Risks
Device Loss:
If device lost
Recovery phrase needed
Can recover wallet
Manageable risk
Device Damage:
If device damaged
Recovery phrase needed
Can recover wallet
Manageable risk
Mitigation:
Keep recovery phrase secure
Backup devices
Multiple backups
Risk management
Network Risks
Sync Delays:
May take time to sync
When network available
Normal delay
Expected
Mitigation:
Be patient
Wait for network
Automatic sync
Normal process
Security Risks
Bundle Security:
Bundles are encrypted
Secure by design
Low risk
Secure
Mitigation:
Use secure devices
Verify devices
Secure environment
Security practices
Best Practices
Risk Management
Backup: Maintain backups
Secure Storage: Secure device storage
Verify: Verify transactions
Monitor: Monitor for issues
Report: Report problems
Security Practices
Secure Environment: Use in secure environment
Verify Devices: Verify device authenticity
Check Bundles: Verify bundle integrity
Monitor: Monitor all transactions
Report Issues: Report security concerns
Conclusion
Offline payments provide:
Guarantees: Settlement, privacy, and security guarantees
Risks: Manageable risks with mitigation
Best Practices: Risk management practices
Security: Secure by design
Reliability: Reliable settlement
By understanding guarantees and risks, you can use offline payments safely while benefiting from complete privacy and security.
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