Batu Permata: Bitcoin Air

PAYMENT AS LIGHT AS AIR

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.

MISSION

Bitcoin Air’s mission is 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 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 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.

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.

The power of the Blockchain is endless and Bitcoin Air plans to implement this scalability to our payment solutions. We will make things like Segregated Witness, Lightning Network, and Atomic Swap primary features to our Blockchain to ensure that scalability and security are not something we will lack. Through the use of our dual-chain blockchain, Bitcoin Air produces the first step towards creating a merchant and consumer friendly financial system that can not only promote positive change financially, but also environmentally by producing Swap and Spend fees that go directly to creating clean air initiative programs and technologies that reduce the Human Carbon Footprint, and in the long run, reduce the cost of manufacturing and producing goods!

ROADMAP

1 JUNE

The official Announcement of Bitcoin Air Development will begin with a short paper release
This will include our website details and links, fork details,vision and technology short statement

15 JUNE- 1 AUGUST