BITCOIN AIR - Payments as Light as Air

INTRODUCTION

Since the emergence of blockchain technology in 2008 when Satoshi Nakamoto introduced bitcoin, there have been rigorous efforts to apply the blockchain to several aspects of the global business process, Blockchain technology has been described as having the potential to disrupt many industries with a low-cost transaction, immutability, and enhanced security. In the years that have followed, many other blockchain implementations have been developed with each one exhibiting unique features tailored to specific use-cases.

Blockchain has made it possible to issue just about any asset via a distributed ledger framework. With the aid of cryptocurrency tokens, these assets can be given economic value in order to initiate and validate several transactional processes. Several on-chain protocols have been developed by a number of startups and established companies alike in order to create blockchain-based solutions.

As more technological advancements are uncovered, Bitcoin Air, a bilateral dual-chain blockchain developed to deliver a means of indirect carbon emission reductions through decentralized, trust-less merchant/consumer interactions came on board.

ABOUT BITCOIN AIR

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.

In addition, Bitcoin Air has one goal to unify the world through safe, secure, and transparent payments. Decentralizing the overall power of value and returning it to the people through the Blockchain.

The Mission

To design and produce the first viable attempt at tackling the key issues associated with cryptocurrency, small business and environmental risks at hand today. By producing the first Carbon Credit Asset-Backed Dual-Chain Blockchain, Bitcoin Air leads the way in pioneering the adoptability, scalability, and overall benefits of using the Blockchain. Combining this technology with Green Initiatives and a viable means of Asset-Backing, Bitcoin Air creates the first Living Ecosystem dedicated to reducing the Human Footprint, lowering the cost of living, and increasing the overall quality of life.

The Problem

One of the big problems that hamper mainstream adoption of cryptocurrency is price volatility against the US dollar. Friends, family, and especially small businesses are hesitant to accept cryptocurrency for fear of falling value before they can spend or withdraw deposits. Bitcoin and Bitcoin Cash produce the right approach for use, frightening choices that can benefit from the use of cryptocurrency in their daily lives. The current form of consensus is a negative influence on the environment and does not produce real value.

The Solution

Air Protocol. Utilizing the unique Air Protocol Bitcoin Air technology, users can choose to release their Bitcoin Air value chain, immediately locking up the USD value in prices with Carbon Credit. We will maintain the USD value of each currency burned in USDAP (USD Air Protocol) through a bilateral relationship that will provide support through your Bitcoin Air Chaining action to USDAP. Maintain peace of mind knowing that the value of your Bitcoin Air is protected safely by the Air Protocol.

The Value

Bitcoin Air values transparency, security, integrity, and power to the people. Bitcoin Air feels any and all decisions guiding a communities path should be up to the people themselves. The only thing they should ever ensure is the security and well-being of their community. This in turn brings them to the value of integrity. Ensuring that they are transparent with you all and maintain the same truths to themselves as they do you the people. Bitcoin Air also thrives on the idea that the world can pursue a clean means of growth without destroying the lives of others and the ground under their feet. They at Bitcoin Air strive to produce a truly positive force in Crypto Space that can change things for the good of their future generations.

The Principle of Operation

In order to achieve the mission, Bitcoin Air uses Bitcoin Air Protocol technology. It uses decentralized payment system and decentralized reserve system to ensure the trust. Firstly the Air Protocol has two bilaterally operating chains, these chains interact with each other based on burn/mint process agreement through consensus nodes before validating on the network.

Suppose a user wants to spend his Bitcoin Air for any payment, then off chaining protocol initiates. In off chaining process, the Bitcoin Air supply will be burned and immediately exact value of USDAP (USD Air Protocol) will be minted on the side chain. Here Bitcoin Air will be immediately locked into USD value in relation to carbon credit asset backing. This preserves the USD value of burned coin into USDAP. In off chaining process, the circulating supply along with market cap will be lowered to maintain the value of Bitcoin Air coin on the market. This process securely guards the value of Bitcoin Air, thus small businesses and merchants can make payments with peace of mind without the market fluctuations.

In the case of re-entry into the market, on chaining process initiates, where USDAP is converted into Bitcoin Air. Here USDAP will be burned and Bitcoin Air will be minted at the current market price. Due to on chaining process, the circulating supply and market cap will be increases to maintain the value of coin in the market. The burning of USDAP lowers the circulating supply and reserves available on the side chain.

These processes makes easy and efficient way of utilizing crypto in day today payments, without the fear of market volatility. Bitcoin Air is committed to include lighting network, segregated witness and atomic swaps into its protocol.

While shopping users simply need to scan the QR code shown by the merchant point of sale, here the spend/burn feature off chains the Bitcoin Air into USDAP and securely transferred into merchants wallet. Without any market price fluctuations, merchant can anytime make re-entry into market through on chaining process. This makes the easy, real use case of crypto payments like fiat currency.

Bitcoin Air plans to implement Air Cash function where Bitcoin Air converted to USDAP Air Cash.

Minimum Decent Products

This minimum product demo will display an easy-to-use App Store demo that will give you a feeling of how Bitcoin Air will operate when released. This is not the final product template, also the demo will not be used as a collection of the main features. Bitcoin Air will drastically expand this MVP when they receive feedback on how people react to the use and nuances of the demonstrations.

You can take advantage of this demonstration via a tablet, cellular or desktop interface. This will display the basic features that will come to the Bitcoin Paying Water System that will allow several key features to expedite merchant transactions and consumer usage.

The idea behind MVP is to give hands on usage templates for people to gather what will happen before deciding to support Bitcoin Air in an effort to become the largest small business-based stable coin customer.

Technical Details

Block Size: 32 megabytes

Block Reward Halving: 6 Years or 788,400 Blocks

Block Time: 4 minute

Block Reward: 12.5 coin

Estimated Starting Supply: 20,000,000 XAP

Core Credit: Bitcoin and Peercoin

Algorithm: HDPoS/W (Hybrid Dynamic Proof-of-Stake/Proof-of-Work)

WHY 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.