eternal light: Bitcoin Air

Bitcoin Air

Bitcoin Air is a bilateral dual-chain blockchain developed to deliver a means of indirect carbon emission reductions through decentralized, trust-less merchant/consumer interactions.

Bitcoin Air plans to reduce carbon emissions through the development of a dual chain volatile/stable coin pair dedicated to creating the most versatile and scalable solution for merchant and consumer use.

Merchants will be able to transact in cryptocurrency without the worry of profit loss due to fraud or technical issues within their conventional credit card processing equipment. Consumers will be able to transact in a multitude of ways including in person, over the web, or via AirCash Physical Currency!

Bitcoin Air was based on the idea that furthering the growth of an economic environment should do it’s best to reduce negative impact in the space that is utilizes as much as possible.

Through the backing of Carbon Credit Assets, and the strategic goal of reducing emissions through routine actions as simple as shopping at you local supermarket, Bitcoin Air plans to create the first environmentally friendly form of currency, that returns the power of health, wealth, and governance back to the consumers and merchants of the world.

About Bitcoin Air

Bitcoin Air will be the first dual-chain bilaterally operating Blockchain. By forking the UTXO and base of Bitcoin, and merging it with the Hybrid PoS/PoW capabilities of Peercoin, we produce a dual-chain Blockchain with one end accessible to exchanges, trading, and sending, while the other chain is internal, and backed by Carbon Credit Assets for each $1 of value maintained.

Bitcoin Air removes the need for exchanges that lack user-friendliness, and creates a perfect exchange between measure of our technology, and the stable backing we have to bring a fully asset-backed stable coin. Bitcoin Air integrates an advanced “swap and spend” feature that allows the burning and minting of new coins between the stable and volatile chain pair. Bitcoin Air uses a Dynamic Proof-of-Stake protocol to make the coin more environmentally friendly and offering a higher transaction speed than Bitcoin Core upon it’s permanent switch to PoS!

The founder of Bitcoin Air, Anthony Colón Jr., who is an avid Cryptocurrency Advocate of 7 years says, “The key issues with cryptocurrency are problems we are all aware to, but are keen to ignore. My hope with Bitcoin Air is that through large-scale adoption we can provide a means of reducing emissions through indirect actions like paying your rent or shopping for groceries. With Air Cash and Earth Dollar, the adoption of our blockchain pair allows for simplicity of use for businesses and consumers, while giving consumers the familiarity of fiat payment systems …”

About Bitcoin Earth

Bitcoin Earth will be created by combining the blockchains of Bitcoin Air (including Bitcoin Core) and Ethereum. Each Bitcoin Earth will be backed by hemp products, and metals in the form of tokenized futures contracts, with an initial value 10 CHF (approximately $10 USD). Bitcoin Earth which is part of the Earth Dollar system is the world’s first anti-inflationary stable coin tied to buying power. The assets backing Bitcoin Earth will increase at an exponential growth rate of 2.718% per year representing the Natural Log of e (logex) in the form of a S-Curve. This rate of increase follows closely with the USA inflation rate thus making Bitcoin Earth inflation resistant. Bitcoin Earth will be directly exchangeable for thousands of derivative products at selected distributors, including for example CBD products, medicines, food, paper, clothing, hempcrete, and more.

Bitcoin Earth will support the SDG Crypto Fund, a Sovereign Wealth Superfund focus on land restoration projects. For example, hemp paper is a great replacement for protecting the forests from being clear cut to make toilet paper. In fact hemp produces 10 times more pulp than trees and is renewable.

David Kam, Chairman and CEO of the Earth Dollar says, “Bitcoin Earth allows Bitcoin and Ethereum users to be able to play with the Earth Dollar in the same wallet. More wealth, prosperity and abundance can be generate as more members join the Living Economic System. This benefits everyone. Imagine a world in which people are rewarded for saving the bees, saving the forests, helping the poor, supporting charities, cleaning up fresh water sources and other positive social activities”

About Earth Dollar

The Earth DollarTM is expected to be one of the world’s largest asset-backed cryptocurrencies with intrinsic value. The Earth Dollar is part of a new sustainable decentralized “Living Economic System” centered on the preservation of natural resources of Planet Earth and revitalizing global economies. Mother Earth Trust will be co-stewarding the preservation of natural resources. The Earth DollarTM plans to develop a high-speed and scalable Quantum-Secured Blockchain 3.0 platform to allow nations and asset owners to monetize their dormant, unused, underused and new assets, including their natural capital assets via smart contracts and smart insurance. The Earth Dollar also plans to deploy a new type of quantum-secure worldwide mesh network to protect its blockchain for its upcoming alternative “Living Economic System” through strategic partnerships. The partnership will provide tools to help institutions, banks, governments and organizations, interface with its secure Earth Dollar blockchain. The Earth Dollar is expected to be conducting its first token sale with the date to be announced soon.

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!