Hello everyone here, as I always do I welcome you guys once again to my little world that I always used to share my views about blockchain projects and startups. In this post, the project that I will be sharing with you guys is Bitcoin Air and I will try all my possible best to summarily share what you guys ought to know about this project. There's no time to waste, let's ride on.
What Is The Term Bitcoin Air?
In a simple definition, Bitcoin Air is a fork of Bitcoin and PeerCoin and according to the team of the project, the transaction confirmation of Bitcoin Air is as light as the air which brought about its name. They also made claims that Bitcoin Air priotize transparency, security power and integrity for its users.Bitcoin Air Mission Statements
The mission statement of Bitcoin Air is simple to understand and straightforward. The ecosystem of the platform will focus on reducing human carbon footprint, decrease the cost of mining of fundamental miners and upgrading of an ecosystem that will fast track the confirmation of transactions, reduce volatility thereby making Cryptocurrency an accepted medium of exchanges among the masses. The platform will be able to bring the concept of decentralized currency to the public economy and build a name for it thereby reducing the dependency on fiat currencies and embracing Cryptocurrency in our everyday's lives. In short, Bitcoin Air want to increase mass adoption by creating a Cryptocurrency that is not highly volatile and more stable for general usage.
Bitcoin Air central point of focus is to deliver a sophisticated and flexible protocol that have features of that can make the coin to be an accepted means of payment among Cryptocurrency enthusiasts, conventional enterprises and average individuals. The platform will be able to solve cogent issues that are limiting the adoption of existing Crypto solutions which are inflexibility, unpredictability and scalability. The team of the project made bold claims that the project will bring more security to the industry and reduce the risk of volatility thereby increasing the trust of the public in making use of Cryptocurrency for buying and selling. Bitcoin Air will be able to match the combined power of double chain protocols with the Lightning Network, Segregated Witness, and Atomic Swaps in creating another stable coin for mass adoption.
With this approach, they will be able to build an easy-to-use, sophisticated and versatile trader integrated framework that can help in giving back to our planet through daily activities that we are all familiar of.
Bitcoin Air Technology Architecture
The technology behind Air Protocol make used of off-chain decentralized reserves system with a capacity of maintaining the technology behind the end value of merchants earnings while influencing the environment indirectly in a positive way. An average Cryptocurrency investor's knows that the major problem of the industry is volatility which is being caused by market manipulations aided by low adoption, no regulation and failed attempts by reserve system. Bitcoin Air has what it takes to defeat them all by ultimately offering both decentralized payment system and a decentralised reserve system with operational capacity of being trustless and free from central institutions.Bitcoin Air Coin
So far Bitcoin Air is the fork of Bitcoin and PeerCoin, there won't be any Crowdsale for the project. Those that have Bitcoin and PeerCoin will be credited with the coin on the 22nd of November in a ratio that will later be reveal to the public.The total supply of Bitcoin Air will be the same to the supply of Bitcoin which is 21 Million Coins and the symbol of the coin will be XAP.
Bitcoin Air Roadmap
Bitcoin Air Team
For more information about the project, visit any of the following links below:
https://bitcoinair.org/wp-content/themes/btc_air/downloads/ShortPaper.pdf
Writer's Details
Bitcointalk Username: Psec
Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=2350714
Wallet: 0xc8215E044bb4c63C3D6E8DC9d130d50683094e45