A COMPARATIVE ANALYSIS OF OFFLINE WALLETS AND THEIR INTEGRATION WITH NFC FOR PRACTICAL OFFLINE PAYMENTS

Sejfuli-Ramadani, Nexhibe and Idrizi, Florim and Angelkoska, Valentina and Risteski, Aleksandar (2024) A COMPARATIVE ANALYSIS OF OFFLINE WALLETS AND THEIR INTEGRATION WITH NFC FOR PRACTICAL OFFLINE PAYMENTS. JNSM Journal of Natural Sciences and Mathematics of UT, 9 (17-18). pp. 354-360. ISSN 2671-3039

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Abstract

In this paper, we conduct a comparative examination of offline (cold) wallets that are designed for storing cryptocurrency. Our analysis focuses on security, usability, and accessibility, with specific attention given to popular solutions like Ledger and Trezor. We evaluate these wallets based on how practical they are to use without compromising security and efficiency. Furthermore, we explore the integration of Near Field Communication (NFC) technology into offline wallets. This approach aims to make cryptocurrency transactions more secure, convenient, and user-friendly, especially in Electric Vehicle (EV) charging stations. By envisioning a future where transportation infrastructure and cryptocurrency security intersect, our research seeks to advance technologies that balance security with the demands of modern payment systems. Through this effort, we aim to provide valuable insights to stakeholders in the cryptocurrency ecosystem, informing strategic decisions and driving the development of secure, user-centric financial technologies. By shortening the gap between theoretical security concepts and real-world operational needs, our work aims to help other researchers and stakeholders create a future where blockchain-based currencies can be just as practical as efficient.

Item Type: Article
Uncontrolled Keywords: blockchain, NFC, electric vehicles, Safepal, Cypherock X1, Ellipal Titan 2, Onekey, D'CENT, Tangem, Keystone 3 Pro, Trezor Safe 3, SecuX V20, Ledger Nano X, Ryder One
Subjects: Q Science > QA Mathematics > QA75 Electronic computers. Computer science
Divisions: Faculty of Engineering, Science and Mathematics > School of Electronics and Computer Science
Depositing User: Unnamed user with email zshi@unite.edu.mk
Date Deposited: 25 Dec 2024 14:25
Last Modified: 25 Dec 2024 14:25
URI: http://eprints.unite.edu.mk/id/eprint/1965

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