Hello everyone in this article I will present an interesting ICO analysis, called Bitcoin Air, based on the following criteria:
What is 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 the 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!
The Technology Bitcoin Air
behind the Air, Protocol was based on the idea of an off chain decentralized reserves system that could maintain the end value of a merchant's earnings while producing an 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.
How Bitcoin Air competes with other payment tokens?
The technology Bitcoin Air will be airdropping coins to everyone who holds Bitcoin and Peercoin during the time of the snapshot. The specifications to follow are below:
- 21,000,000 XAP in Circulation (After 6 months, unclaimed remainder burned in 3-month batches over time)
- 42,000,000 XAP Tail Emission (Not Including Mint/Burn)
- Side-Chain starting at Zero Circulating Supply with Asset-Backing up to 67,200,000 USDAP that will expand as the reserves grow.
- Hybrid PoS/PoW
- 4 Minute Block Time
- 12.5 XAP Block Reward
- 16MB Blocksize
- Block Reward Halving every 788,400 Blocks (6 Years)
- Full-Embedded switch to DPoS after 7,884,000 Blocks or 60 Years. Block Reward adjusts to 19,248 XAP per year for DPoS rewards.
The purpose Bitcoin Air
Bitcoin Air will start with a limited circulating supply that will vary based on the mining 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
HOW CAN I GET BITCOIN AIR?
You can keep an eye out for our upcoming fork details. Bitcoin Air will be a merge fork between Peercoin and Bitcoin. Both PPC and BTC holders will receive Bitcoin Air (XAP) post-fork date.https://peercoin.com/
To find out more. You can connect more with Bitcoin Air at the link below:
WEBSITE
SHORTPAPER
ANN
GITHUB
TWITTER
TELEGRAM
Bitcointalk username: Aray80
ETH address: 0x61379f78587FaF5cd5e8006007Dd97AF8b6b966F