It is a common knowledge that one of thing limiting the adoption of Cryptocurrency by the masses it its high volatility with fiat currencies. Businesses, organizations and average users are afraid to accept Cryptocurrency as a means of payment in their day-to-day transactions because of this unpredictability of its price per time because its value may have dropped or gain more before they finally cash out the money. The truth is that this form of exchange is not truly idea for daily basic and complex transactions. The premier Cryptocurrency which is Bitcoin and its fork brother which is Bitcoin Cash (BCH) have a complicated and not easy approach to usability thereby scaring millions of people away from benefiting from the decentralised concept of money. Also the consensus protocol of Bitcoin is not environmentally friendly, costly to maintain and also not produce any tangible means of value.
Solution
A solution proposed by Bitcoin Air is unique and applicable in ensuring that Cryptocurrency is widely accepted as means of day-to-day transactions. By making use of Bitcoin Air unique and flexible Air protocol technology, users will have the flexibility to choose to take off the chain the value of their Bitcoin Air and instantly locking its value in USD in tally to Carbon Credit Asset Backing (CCAB). The off chaining capacity of the platform will ensure the preservation of USD value of any burned coins in USDAP (USD Air Protocol) by making use of bilateral operating sidechain which will gain its supply through the collective actions of taking off the chain of Bitcoin Air to USDAP. This is an awesome solution that will fast track mass adoption of Cryptocurrency. Just be at peace with yourself because the value of your Bitcoin Air is guarded securely by Air Protocol, so you don't need to worry about the stability of your Bitcoin Air assets.
Technology Behind Bitcoin Air
The excellent technology behind Bitcoin Air initiatives was came about through the idea of an off chain decentralized reserves system that has what it takes to maintain the end value of merchants earnings while impacting the environment indirectly in a positive way. The team behind the project was able to came out the result of their analysis which suggest that the biggest set back to the acceptability of Cryptocurrency by the masses is its volatility and this volatility is largely caused by manipulation of the market which is been aided by low adoption, regulation uncertainty, and reserve systems failed attempts. The good news is that Bitcoin Air will be able to defeat all the issues mentioned above by offering a decentralized payment system with a decentralized reserves system that can trustlessly 100% operate and decentralized from any centralized organization.
Incoming Bitcoin Air Fork
Bitcoin Air is not a new Cryptocurrency, it will be the fork of the original Bitcoin and PeerCoin like Bitcoin Cash and its snapshot will take place on Nov 22, 2018. The fork will make use of two blockchain network which are Bitcoin blockchain and PeerCoin blockchain protocol. The entire team of Bitcoin Air will begins with PeerCoin blockchain and they will add additional features to it which will includes Lightning Network, Segregated Witness and Atomic Swaps. The platform will also allow holders of PeerCoin to off chain it to stable USDAP. The ratio at which holders of Bitcoin and PeerCoin will receive will be reveal later before the fork. The beginning of Bitcoin Air will start by increasing the size of the block to 32 MB each and also reducing its time to four minutes targets, doubling its tail emission of Bitcoin and maintaining of 12.5 XAP thereby implementing Hybrid Dynamic Proof-of-Stake/Proof-of-Work consensus protocol. The end goal of Bitcoin Air is to have a stabilized Cryptocurrency that can also help in reducing human carbon footprint through day-to-day indirect activities.
Check the following links for more information about the project:
