A CryptoCubic Protocol for Hacker-Proof Off-Chain Bitcoin Transactions

Off-Chain transactions allow for the immediate transfer of Cryptocurrency between two parties, without delays or unavoidable transaction fees. Such capabilities are critical for mainstream Cryptocurrency adaption. They allow for the “Coffee-Coin Criteria”; under which a customer orders a coffee and pays for that coffee in bitcoins. This is not possible with On-Chain transactions today. No customer is willing to wait for 20 minutes for their coffee transaction to receive six public confirmations. Neither will the customer pay a 20 cent transaction fee when the coffee costs approximately $2. Only a quick and free Off-Chain transaction will satisfy our coffee-guzzling consumer. Otherwise, the customer will stick to credit cards and cash, and Bitcoin will face a limited future with regards to everyday use.