ABSTRACT
Cryptocurrencies with several opportunities surrounding it has started to be the newest medium of payment and transaction making amongst business entities. Its history can be traced back to 2009 when there was introduction of bitcoin by Satoshi Nakamoto and ever since then, there has always been an encouraging growth rate as a result of it’s several usecases which results in its increased rate of adoption among masses. Presently, there are over 1,500 circulating cryptocurrencies and many others that are still up-coming as a result of introduction of new projects into the blockchain industry.
That being said, we cannot possibly deny the fact that volatility issues has been responsible for the inability of some big business firms and companies to adopt the use of these cryptocurrencies as their accepted mode of transaction. This is largely because big companies are scared of having their funds reduced in value before cashing out as real FIAT because that is the trend most cryptocurrencies follows and as a result, it is causing a great havoc to the general acceptance of the technology globally.
The major reason responsible for this cryptocurrency volatility can be pinned to the market manipulations that are being done by the whales in the market and absence of good cryptocurrency regulations.
Therefore, to experience a massive adoption of cryptocurrencies globally, then there’s need to tackle this major setback which is the sole reason behind the establishment of Bitcoin Air.
What Solutions Does Bitcoin Air Have to Annihilate Volatility Issue in Cryptocurrency?
With the help of the Air protocol which is a unique technology of Bitcoin Air, users can decide lock their Bitcoin Air tokens in their USD value in relation to carbon credit asset backing through the process called off-chaining by a bilaterally operating side chain. This will result in the ability of users to be rest assured that there won’t be any reduction in value of their token.
Not only does this excellent technology preserve the value of a merchant’s earnings, it also has positive impact on the environment indirectly.
The Circulating supply of Bitcoin air at its initial stage will be limited and will be based on the minting and burning of coins via the Air protocol.
Bitcoin Air is determined to ensure that new members in cryptocurrency will have no problem in the utilization of Bitcoin air for basic business functions. Also, there will be a utilization of the currently available technology which includes Lightning Network, Segregated Witness and Atomic swap in order to protect the value of user’s coin.
Listed below are some of the features and added advantages to be enjoyed by the users of the platform;
- Development of mobile and tablet applications for users to operate through a modern and clean point-of-sale approach
- Implementation of Air Cash which will be first of its kind
- Creation of balance that will allow mass adoption by small businesses globally through a user friendly and rapid payment system with maximum security and easy access
- Utilization of 2 different blockchains (Bitcoin and Peercoin) for fork resulting in one bilaterally operating dual blockchain
- Ability of users to off-chain their XAP to stable USDAP value
In conclusion, with the trust-less system designed by Bitcoin Air and its well planned mode of operation, not only will they achieve positive financial stability which will encourage its adoption by business globally, but also a greener human footprint in the society.
For more details concerning this Bitcoin air and its technology, kindly check the links below;
Author Bitcointalk Username; dvmmayowa
Bitcointalk Link: https://bitcointalk.org/index.php?action=profile;u=2505500
ETH address: 0x8B016C7d7f6bbf47d06c58c0AAeFc8b1C1Ebf309