Example 1: Secure Storage of Bitcoin
Bob wants to secure his 2 BTC but does not want to rely on a seed phrase that could be lost or stolen. By bridging his BTC to the Ghost Blockchain, the assets are locked in a smart contract, and Bob receives 2 gBTC, which are stored securely on his USB-C drive. This makes his BTC inaccessible online, providing unparalleled security.
Example 2: Private Ethereum Transactions
Karen values her privacy and wants to ensure her transactions are not traceable. She moves 1 ETH to the Ghost Blockchain and transfers it to Billy using Ghostcoin’s off-chain transaction capabilities. The process is simple:
- Billy clicks "Receive" on the Ghostcoin app.
- Karen clicks "Send," selects 1 ETH, and scans Billy’s encrypted QR code.
- Billy confirms the scan and finalizes the transaction by scanning the confirmation code on Karen’s phone.
The transaction is completed without a trace on the blockchain, preserving Karen’s privacy and ensuring the assets are securely transferred.
Example 3: Offline Transactions in Remote Areas
In a remote village with no internet or mobile network, Sarah wants to send 100 gUSDT to her friend James. Thanks to Ghostcoin’s off-chain transaction capabilities, they can complete the transfer entirely offline:
1. James opens the Ghost Wallet app and clicks "Receive," which generates an encrypted QR code.
2. Sarah clicks "Send," selects 100 gUSDT, and scans James’s QR code to initiate the transaction.
3. James’s app generates a confirmation QR code, which Sarah scans to finalize and verify the transaction.
With this system, the transaction is completed securely without any internet connection, making Ghostcoin ideal for use in remote areas or places without network access.