Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency. Instead of trust being mediated by a bank or other centralised financial institution, transactions take place directly between users, peer-to-peer. These transactions are verified by network nodes through the use of cryptography. Special nodes, called miners, record transactions to a public distributed ledger called a blockchain. Bitcoins are issued to miners as an incentive to attract their computing power to secure the network.
Critics of cryptocurrencies have often pointed out that Bitcoin is not backed by anything, other than the faith of the people who buy and use it… much like fiat currency in today’s world. That is about to change with a series of asset-backed Bitcoins.
Earth Dollar (anticipated to be one of the world’s largest asset backed currencies) has formed an alliance with Bitcoin Air to launch a series of high-speed and asset-backed Bitcoin Forks beginning with Bitcoin Air and Bitcoin Earth, with several more to follow. All of the Bitcoin Hard Forks are geared to tackle environmental restoration projects for Mother Earth, while tackling key issues pertaining to the usability, scalability, volatility, and tangibility functions of cryptocurrency.
The U.S. Blockchain Association plans to list Bitcoin Air, Bitcoin Earth and Earth Dollar, on its upcoming 50,000 ATMs and point-of-sales terminals to be deployed across the USA.
What is Bitcoin Air?
Bitcoin Air will be the first dual-chain bilaterally operating Blockchain. By forking the UTXO and base of Bitcoin, and merging it with the Hybrid PoS/PoW capabilities of Peercoin, we produce a dual-chain Blockchain with one end accessible to exchanges, trading, and sending, while the other chain is internal, and backed by Carbon Credit Assets for each $1 of value maintained.
Bitcoin Air removes the need for exchanges that lack user-friendliness, and creates a perfect exchange between measure of our technology, and the stable backing we have to bring a fully asset-backed stable coin. Bitcoin Air integrates an advanced “swap and spend” feature that allows the burning and minting of new coins between the stable and volatile chain pair. Bitcoin Air uses a Dynamic Proof-of-Stake protocol to make the coin more environmentally friendly and offering a higher transaction speed than Bitcoin Core.
The founder of Bitcoin Air, Anthony Colón Jr., who is an avid Cryptocurrency Advocate of 7 years says, “The key issues with cryptocurrency are problems we are all aware to, but are keen to ignore. My hope with Bitcoin Air is that through large-scale adoption we can provide a means of reducing emissions through indirect actions like paying your rent or shopping for groceries. With Air Cash and Earth Dollar, the adoption of our blockchain pair allows for simplicity of use for businesses and consumers, while giving consumers the familiarity of fiat payment systems …”
Bitcoin Air Mission
Bitcoin Air is to design and produce a viable first attempt at addressing key issues related to cryptocurrency, small business and environmental risks that exist today. By producing Chain Chain Chain-Backed Dual-Chain Carbon First, Bitcoin Air takes the lead in pioneering coercion, scalability and overall benefits of using Blockchain. Combining this technology with the Green Initiative and a reliable way to Support Assets, Bitcoin Air created the first Living Ecosystem dedicated to reducing human footprint, reducing living costs and improving overall quality of life.
Problem
One of the major problems that hamper cryptocurrency adoption is price volatility against the US dollar. Friends, family, and especially small businesses are hesitant to accept cryptocurrency for fear of falling in value before they can spend or withdraw deposits. Bitcoin and Bitcoin Cash produce the right approach to use, scary 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 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.
Minimum Viable Product
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 our final product template at all, also our demo will not be used as a collection of our main features. We will drastically expand this MVP when we receive feedback on how people react to the use and nuances of our 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 Air Pay Bitcoin System which will allow some key features for smooth merchant transactions and consumer use.
The idea behind the MVP is to provide a hands on template of use for people to gather what is to come before deciding to support Bitcoin Air in it’s endeavors to becoming the largest small business based consumer stable coin.
Roadmap :
TEAM
Partnes
Bitcoin Air continues to expand our partnership to achieve the best reach for our products. You can see some of our amazing partners on the right. If you are interested in becoming a Bitcoin Air partner, please send an email to partnerships@bitcoinair.net
For more information, please follow the link below:
Website : https://bitcoinair.org/
Short Paper : http://www.bitcoinair.org/ShortPaper.pdf
Trello Board : https://trello.com/b/7YOa4yCk/bitcoin-air
Reddit : https://www.reddit.com/r/BitcoinAir/
Twitter : https://twitter.com/BitcoinAirNews
Discord : https://discord.gg/MWDJpWb
Medium : https://medium.com/@BitcoinAirNews
Github : https://www.github.com/BitcoinAir
Announcements : https://t.me/BitcoinAirANN
Author : Firmansyah Septyadi (septyadf1)
https://bitcointalk.org/index.php?action=profile;u=1550748
ETH : 0x4B1467CD104e1d89cE8272316cedD4387d94c47E