BITCOIN AIR REVIEW: PAYMENT AS FAST AS AIR

mayowa-eu (60)in #bitcoin • 6 years ago

ABSTRACT

Ever since the advent of blockchain technology, we cannot deny the fact that a lot of world problems are getting lasting solutions through this technology, not only are global organizations using it for faster and safer transaction purposes, it is also used it as a medium of transaction which is very fast, secure, and transparent (as opposed fiat transactions).

However, cryptocurrencies which is one of the products of the blockchain technology has some setbacks which is responsible for its setbacks. Among these challenges is the volatility of cryptocurrencies against US dollar.
This makes several business firms reluctant to accept these currencies as mode of payment owing to the fact that they stand a high chance of depreciating in US dollars value in a very short period of time before cash out will be made.

This issue of volatility in cryptocurrency has been analysed by experts and has been found to be the greatest issue been experienced by this sector. Its causes ranges from market manipulation, low adoption by the masses absence of regulation, to failed system reserve payments.

INTRODUCING BITCOIN AIR

Bitcoin Air has an offchain decentralized reserves system which is capable of maintaining the end value of merchants earning and also simultaneously improving the environment positively.

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A lasting solution to the problem of cryptocurrency depreciation has been provided by Bitcoin Air technology. This technology will allow users choose to off chain their Bitcoin Air which will in turn lock it in the USD value in relation to Carbon Credit Asset Backing.

A 100% trust free decentralized payment and reserve system shall be provided by bitcoin air in order to defeat the issues of market manipulations and other problems such as reserve system failed attempts.

The mode of operation of this technology is through a bilaterally operating side chain which preserves the USD value of any burned coins in USD Air Protocol. You will agree with me that with this technology, users need not fear about depreciation of their Bitcoin Air because it’s safely guarded by the Bitcoin Air protocol.

UNIQUENESS OF BITCOIN AIR

Limited circulating supply as start up: The initial circulation supply of bitcoin air will be limited and shall be strictly based on minting and burning of coins through air protocol. The circulating supply supply shall reduce along side with the available market cap, this in turns maintains each share value on the volatile chain.
Privacy enabled storage of Air protocol which will allow open access to users ledger.
Allows newest cryptocurrency members to use bitcoin air for basic business function without any hassles.
Bitcoin Air will be the first platform to implement Air Cash and will have the ability to mint off chain and maintain the value.
Bitcoin Air will tap into the market potentials by creating a balanced platform which is going to be attractive to all small businesses globally with a very easy, rapid and user-friendly payment system.
Bitcoin Air will be the first to achieve a stabilized cryptocurrency market with the reduction of human carbon footprint through which is evident through its mode of operation.

Blocksize shall be increased to 32MB each reducing the block-time to 4 minutes target, and doubling bitcoin tail emission, with block reward of 12.5 XAP also with the introduction of Proof of Work consensus.

November 22, 2018 will be the official Bitcoin Air snapshot and will occur through the utilization of 2 different blockchains (Initially Peercoin blockchain, thereafter addition of Bitcoin UTXO) which results in the creation of a bilaterally operating dual blockchain.

Below are the technical details: