BITCOINAIR: PROVIDING A FASTER, SECURED AND LIGHT PAYMENT TRANSACTIONS
Trust is an important factor in business. Safe to say it is the most important factor in business, especially once it concerns financial transactions. Overtime it can be summarized that people buy into the trust a currency offers before its wide usage and eventually its growth.
Of all the issues besetting crypto currencies, one of the most biting is the volatility of these crypto’s. It has cut down humongously the usage and wide adoption of these currencies. People, businesses etc. all want a safe bet to their investments. They want to be able to withdraw their earnings or investments without scare of drops in value of currency. These inconsistencies caused by market manipulations, inadequate regulations etc. have driven away a huge number of budding users. Who would have bought in on the enormous benefits of crypto currency.
In view of all these, the Air Protocol sets to bring a relief to the table, exploiting Bitcoin Air’s exceptional Air Protocol technology which gives the users power to off chain the value of their bitcoin air, instantly cashing in on the current value in us dollars in relation to carbon credit asset backing. This innovation poises a distributed payment solution also a decentralized reserves system which functions at 100% trust free from external controls.
In a bid to curb the effect of a volatile crypto currency, the off chaining preserves the USD value of any burned coin in the USD air protocol. This grants relative peace to users, knowing they can protect their coin worth, brought to the fore by this innovation. The power to determine the worth they get from their coin per time is handed the user.
The air protocol runs an ultimately decentralized reserves system, that particularly sustains the end value or a user’s incomes, at the same time creating a secondary effect on the environment in a constructive pattern.
Usability is at the core of what Bitcoin air will achieve, through this even the first timers to crypto will have an easy time around the functions of this system. Furthermore, it will utilize all available technology to bring its solution to users, setting it on its own track. For instance, with its mobile application users will be able to function through a fresh and an up-to-date point-of-sale method. These point-of-sale applications will not utilize the send/receive feature but would instead utilize the “spend/burn” feature for a user transacting with a business.
Most importantly for this innovation. it will implement the Air cash as a front liner, this capacity to mint off chain while ensuring that value is maintained etc. again it will grow the block size to 32 MB, and dropping the block time to 4 minute doubling the tail emission of bitcoin.
To cap it all, this project has proven to be user centered, with its developmental approach and strides, it will ultimately decentralize its solution, giving more power to the users. Giving credibility while eliciting the trust required to do business among many other things.
Bitcointalk username: Adaora2323
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2011741;sa=summary
Eth wallet: 0x9cb4f96ea7e45348886ecdda29aa726c7c428f2b