BITCOIN AIR - producing the perfect ecosystem for secure
Hallo ... If you are interested in joining the Bitcoin Air project or you are interested in joining the Bitcoin Air project, it is a good idea to read reviews that can help you get information that might help you in viewing their mission vision during the Bitcoin Air project.
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 bylow 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.
Bitcoin Air will start with a limited circulating supply that will vary based on the minting and burning of coins through the Air Protocol. Two bilaterally operating chains will be interacting with each other through consensus nodes that will come to an agreement on whether or not the burn/mint process can be pushed while ensuring a number of factors are in line before validating it on the network. This action, called off chaining, will occur by a consumer using the “spend” protocol or “swap” protocol initiating a burn of supply, and an immediate minting of exact USDAP on the side chain. This side chain will maintain a static value based on the amount of USDAP available through the off chaining process. The circulating supply of Bitcoin Air will lower along with the available market cap, maintaining the value of each share on the volatile chain. This will allow merchants and small businesses to “side chain” their value if they would prefer not to fall victim to market health.
Off chaining Minting Algorithm
AmP = (Av * Aa) * 1
AmP = USDAP amount to mint
Av = Bitcoin Air Market Value at time of Burn
Aa = Amount of Bitcoin Air burned
The storage of Air Protocol will be on a privacy focused side chain that will allow open access to your ledger. While privacy isn’t our main goal, we feel that all transactions and earnings should be maintained to the users discretion of use. This in turn means that access to your ledger of mints/burns will be at your control at all times. Publicly permitted API’s will be developed to allow for even the most common bookkeeping and accounting softwares to integrate with your private ledger.
The act of reentry into the market will be as simple as “on chaining” your USDAP to Bitcoin Air. This event will occur through the burning of USDAP and the minting of Bitcoin Air at the current market rate. This action, called on chaining, will cause a rise in circulating supply, along with a rise in market capitalization to make sure no other holder takes a negative impact by reentry to the market. Simultaneously, the burning of USDAP will lower the circulating supply and lower the reserves available on the static value side chain.
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. These point-of-sale applications wouldn’t utilize the send/receive feature and would instead utilize the “spend/burn” feature upon a user transacting with a business. This operation would happen by a user choosing the wallet and setting it to the spend feature. This would then allow them to scan the QR code shown by the merchant point-of-sale, ultimately deducting the required amount from the wallet and operating the “spend/ burn” feature that would then offchain the value to USDAP within the merchants wallet, keeping it safe from the volatility of the market. During this operation, the market cap ancirculating supply would drop collaboratively, maintaining the value of every other users Bitcoin Air. The merchant could then burn there USDAP into Bitcoin Air whenever they would feel like doing so without effecting the price of another users Bitcoin Air during the burn/mint process.
Beyond the basic abilities, Bitcoin Air plans to be the first to implement “Air Cash”. Thanks to our off-chaining capabilities being implemented, we will have the ability to mint off chain and make sure value is maintained. We plan to expand upon this idea extensively beginning with the ability to off-chain your Bitcoin Air to USDAP Air Cash. You will be provided a QR code to print out that can be handed over like real cash and “swept” into a Bitcoin Air wallet as Bitcoin Air. During this process, creating the Air Cash will burn circulating supply from Bitcoin Air, and mint equal USDAP on the side chain. This will in turn provide a randomly generated private key to the QR code that will hold the value of the USDAP. This balance will not be available in your wallet, and will instead be pegged to this piece of paper. The user can then hand it to a merchant to conduct a purchase, or hand it to any other party to conduct a in person trade. Upon the receiver sweeping the balance to their wallet, the private key and public address will be added to their wallet for usage permanently from then on. The paper document would then become useless, and the address can be disposed of along
with the document. This will be the first approach to a fiat introduction for cryptocurrency.
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.
Bitcoin Air will begin by increasing the size of the Blocks to 32 MB each, reducing the block time to 4 minute targets, doubling the tail emission of Bitcoin, maintaining the block reward of 12.5 XAP, and introducing Hybrid Dynamic Proof-of-Stake/Proof-of-Work Consensus. All of this coupled with the backing of a Clean Air Initiative, Bitcoin Air’s goal is to achieve the first form of cryptocurrency that can aid in producing a stabilized market, and reduce the human carbon footprint through indirect day-to-day actions.
Technical Details:
Block Size: 32 megabytes
Block Time: 4 minute
Block Reward: 12.5 coin
Block Reward Halving: 6 Years or 788,400 Blocks
Estimated Starting Supply: 20,000,000 XAP
Algorithm: HDPoS/W (Hybrid Dynamic Proof-of-Stake/Proof-of-Work)
Core Credit: Bitcoin and Peercoin
Here are the reviews I present to you all in finding information and knowing the Bitcoin Air project currently being run by their team, if there is any lack of explaining this article, do not worry, I have set up a link for you to get accurate information. information and of course you will be able to talk directly with or their team, at the link.
For more information and join Bitcoin Air social media today please follow the following sources:
ANN: https://bitcointalk.org/index.php?topic=5044039.new#new
WEBSITE: https://bitcoinair.org/
SHORTPAPER: https://bitcoinair.org/wp-content/themes/btc_air/downloads/ShortPaper.pdf
TWITTER: https://twitter.com/BitcoinAirUSA
TELEGRAM: https://t.me/BitcoinAirENG
GITHUB: https://www.github.com/BitcoinAir
MEDIUM: https://medium.com/@BitcoinAirNews
DISCORD: https://discordapp.com/invite/Cr92Htu
Username: JUBAH84
Profile: https://bitcointalk.org/index.php?action=profile;u=1964710
ETH: 0x1C4Be60BDd042eB62d145BB1A02c011F7aA3DC1F