Bitcoin Air - Payment as light as Air

Bitcoin Air is a revolutionary project that has been created with the endeavor of providing solutions to the volatility challenges plaguing the cryptocurrency space, by using an innovative side chain concept which makes it possible to preserve the value of cryptocurrencies while also maintaining the amazing benefits of decentralization.

In my previous content, I wrote an introduction about Bitcoin Air, explaining the volatility issues of the cryptocurrency market and how Bitcoin Air offers an innovative solution to that. In this article I will be shedding light on the amazing features of the project, how it works, and its benefit to the cryptocurrency market.

Features

Side Chains
Air Protocol

Side chains

Bitcoin Air is implementing a side chain technology on its platform in other to tackle the problems with volatility. The platform will adopt a dual Blockchain which will run hand in hand. The first Blockchain will be the one to host Bitcoin Air coin which is known as XAP coin, while the second Blockchain will be used to initiate the lock of USD value of the XAP coin by the holders in order to preserve the value.

Air Protocol

The Air protocol technology is the real gem of the Bitcoin Air project, as it utilizes a off-chain decentralized reserve system. It makes the whole process of off-chaining and on-chaining process.

How it works

Bitcoin Air through the help of its Air protocol technology allows holders to off-chain the value of their XAP coin for its equivalent in USD. Off-chaining is the process of swapping XAP coins for USDAP (USD Air Protocol) on the platform. Once a holder tries to off chain his XAP coin, the air protocol technology immediately initiates a burn process for the coin and then mints a corresponding value of the coins for him in USDAP. This will preserve the value of the holders fund for as long as he wishes, and once he decides to convert back to XAP coin, the USDAP will therefore be on-chained to XAP coin.

Benefits

Mass adoption has been hard to come by for cryptocurrency, which is as a result of its highly volatile nature. Most users have seen it more as a digital asset (for investment purpose) rather than as a digital currency which is as a result of it volatility. Though there are few businesses that accept cryptos as a means of payment, but most businesses tend to shy away from its acceptance for payment. For cryptocurrency to truly attain the long waited mass adoption there have to be a more stable cryptocurrency, which is capable of holding its USD value.

Bitcoin Air through its amazing side chain concept is able to provide the crypto space with a coin that can provide stability and also maintain its decentralized features. Bitcoin Air will be able to transfer the concept of decentralization to the world economy and also reduce the over dependence on fiat as a medium of exchange. This will open new doors of opportunities for individuals and businesses, which will have an excellent end product on world economy as a whole.