Wednesday, October 31, 2018

BITCOIN AIR - Payments As Light as Air World's First Multi Blockchain Fork

Hello everyone, If you are interested in joining a Bitcoin Air project, it is a good idea to read reviews that can help you get information that might help you see their vision and mission, below:

Bitcoin Air is a bilateral dual-chain blockchain developed to deliver a means of indirect carbon emission reductions through decentralized, trust-less merchant/consumer interactions. 

Bitcoin Air plans to reduce carbon emissions through the development of a dual chain volatile/stable coin pair dedicated to creating the most versatile and scalable solution for merchant and consumer use. 

Merchants will be able to transact in cryptocurrency without the worry of profit loss due to fraud or technical issues within their conventional credit card processing equipment. Consumers will be able to transact in a multitude of ways including in person, over the web, or via AirCash Physical Currency!

Air Protocol: Guard the value of your Bitcoin Air with confidence
The problem: One of the biggest issues holding back mainstream adoption of cryptocurrencies is the volatility of the prices against the US dollar. Friends, family, and especially small businesses hesitate to accept cryptocurrencies for fear of the value dropping before they can spend or cash out the deposit. 

Bitcoin and Bitcoin Cash produce a complicated approach to usability, scaring away the masses of potential users who could benefit from the use of cryptocurrency in their daily lives. Current forms of consensus are a negative impact to the environment and produce no real means of value.

The solution: The Air Protocol. Utilizing Bitcoin Air’s unique Air Protocol technology, users can choose to off chain the value of their Bitcoin Air, immediately locking in the USD value in relation to Carbon Credit Asset Backing. 

Our off chaining capability will preserve the USD value of any burned coins in USDAP (USD Air Protocol) through a bilaterally operating side chain that will gain it’s supply through the action of off chaining your Bitcoin Air to USDAP. Maintain peace of mind knowing that the value of your Bitcoin Air is securely guarded by the Air Protocol.

The technology: The technology behind the Air Protocol was based on the idea of an off chain decentralized reserves system that could maintain the end value of a merchants earnings, while producing indirect impact on the environment in a positive way. Throughout our analysis of cryptocurrency, volatility has come to be the largest issue. 

This is largely caused by market manipulation and in hand aided by low adoption, no regulation, and failed attempts at reserve systems. Bitcoin Air will defeat all of these issues by ultimately providing both a decentralized payment system and a decentralized reserves system that can operate 100% trust free and decentralized from any central power. 

Off chaining Minting Algorithm
  • AmP = (Av * Aa) * 1
  • AmP = Ubj SDAP amount to mint
  • Av = Bitcoin Air Market Value at time of Burn
  • Aa = Amount of Bitcoin Air burned 
On chaining Minting Algorithm
  • BAmP = (ApB / Av)
  • BAmP = Bitcoin Air minting Protocol amount
  • Av = Bitcoin Air Market Value at time of Burn
  • ApB = Amount of Air Protocol burned 
The approach: Bitcoin Air will focus on ensuring even the newest member to cryptocurrency has an easy, efficient way to utilize it for basic business function. Bitcoin Air will utilize a lot of the currently available technology including; Segregated Witness, Lightning Network, and Atomic Swap. 

This will expand into our off-chaining and onchaining features that will ultimately be implemented into the Air Protocol to secure the value of a users coins. Initially beginning with a full-node desktop application and basic exchange support, the earliest adopters will gain the early know-how to operate a full-node staking wallet that will allow them to gain a small reward for providing their resources towards consensus. 

The main development will focus on mobile and tablet applications for our consumer and merchant protocols. Our approach will include a full fledge portable-use application that will allow any user or business to operate via a clean and modern point-of-sale approach.

The market potential: Bitcoin Air hopes to create the balance that will open the doors for mass adoption by all small businesses world wide. The current financial impact of small businesses on the United States GDP alone is 46%, that would put the potential market at upwards of $8.5 Trillion according to the current United States GDP. 

To think mass worldwide adoption would put that current number to shame, but to start small and possible, even 1% of that current market flooding to Bitcoin Air through ease of access would mean a market capitalization of $85 Billion. Bitcoin Air seeks to develop a easy, user- friendly, rapid payment system that is accessible and secure enough for everyday use!

The up and coming fork: The official Bitcoin Air snapshot will take place on November 22nd, 2018. The overall fork will take place by utilizing two different blockchains and in the end result creating one bilaterally operating dual blockchain. The Peercoin Blockchain is what our entire development will begin on, during this time, the Bitcoin UTXO will be added along with several core features including Lightning Network, Segregated Witness, and Atomic Swaps. 

We will also be implementing our side chaining method that will allow people to off chain their XAP to a stable value USDAP. The users receiving Bitcoin Air at the time of the fork will be holders of Peercoin (PPC) and Bitcoin (BTC) at a ratio that will be announced closer to the fork date. 

To find more relevant details from the Bitcoin Air project. please follow some sources for the following references:

Bitcointalk username: Aray80
ETH address:  0x61379f78587FaF5cd5e8006007Dd97AF8b6b966F

Featured post

UDAP - Universal Desentralized Asset Platform