Crypto-enthusiasts, hi! If you have been subscribed to my blog for a long time, you should know that I like to review blockchain projects related to ecology. Today on the agenda we have a startup Bitcoin Air, which will be the fourth "environmentally friendly" blockchain, which I will tell you about.
Bitcoin air-technical solutions
Developers from the Bitcoin Air team are not looking for easy ways. Instead of building their project on the Ethereum or EOS blockchain network, as most other startups do, they create a fundamentally new product. Or not?
The crypto currency represented by the Bitcoin Air team will have a unique structure. First, a two-way blockchain, in which ON the one hand there will be a stable usdap token (stablecoin) tied to the us dollar, and on the other hand a classic "unstable" (that is, subject to more volatility) XAP token, which will be provided with carbon credits, but more on that later.
This structure of the blockchain will be a fork of two existing crypto currencies – Bitcoin and PeerCoin. The bitcoin Air startup operates on a non-ICO system, so instead of pre-selling their token, they will hold a global air drop among bitcoin and PeerCoin currency holders. At the same time, as you might mistakenly think, after reading their website, the development team is independent and has nothing to do with the creators of PeerCoin. From which they, by the way, borrow and the algorithm of its blockchain – hybrid PoS (proof of stake) and PoW (proof of work), which is called HDPoS/W. This network algorithm has many advantages over classical PoW and PoS, for example, much lower electricity consumption, which is a consequence of mining in the system of remuneration for work. Also, the network built on this algorithm will be more resistant to hacker attacks and hacks aimed at the blockchain itself, the so-called 51% attack, which, if successful, can cause irreparable damage to the ecosystem and economy of the crypto currency it is aimed at.
In addition, to maintain a stable economy in the network and regulate the course will apply the mechanism mint/burn (chasing and burning of the coin), which allows you to control the issuance and value of the crypto currency Bitcoin in the composition of the Air.
In addition, the creators of Bitcoin Air promise to develop the most easy and convenient decentralized application DApp, which in addition to the functions of storage and transfer of currency, will support the functions of Atomic Swap for the exchange of various crypto currencies, as well as work on the technology Ligthnig Network, which significantly speeds up the speed of transactions in the network.
Bitcoin Air-solutions related to the environment
In addition to purely material purposes, the creators of Bitcoin Air put in the corner of the whole idea of protecting the planet from the harmful environmental impact of the industry, namely from the huge emissions of carbon dioxide that poisons the atmosphere.
The economic structure of the Bitcoin Air project will be tied to trade in so-called carbon credits (carbon credit). Carbon credits are a kind of quotas, which are required to buy representatives of harmful industry, in order to financially compensate for the damage caused to the environment. Carbon credits are measured in 1 ton of carbon dioxide or an equivalent amount of greenhouse gas, and operate in many developed countries. The income from these loans goes to environmental funds. In contrast to the carbon tax, loans have the advantage – the ability of environmentally friendly enterprises to sell their carbon dioxide quotas to other, more harmful in terms of emissions, enterprises. This approach encourages owners of plants and factories to convert their institutions to more environmentally friendly technologies, while receiving a reward from the sale of excess carbon dioxide that they could release into the atmosphere.
Bitcoin Air will allow to tokenize this sphere and make it more transparent and decentralized.
Link to the website - https://bitcoinair.org
Group in Telegram - https://t.me/BitcoinAirENG
Official Medium - https://medium.com/@BitcoinAirNews
Official Twitter - https://twitter.com/BitcoinAirUSA
Whitepaper - https://bitcoinair.org/wp-content/themes/btc_air/downloads/ShortPaper.pdf
savench
My profile - https://bitcointalk.org/index.php?action=profile;u=2396007;sa=summary
0x7E6cc119019D0661467285b3AA8Aa5840C806e0C
