Generally, the innovation of technology has been enhancing quickly. This has carried with it a considerable measure of chances in all circles of life. Monetarily, socially, and culturally, technology proceeds to incredibly effect on countries, networks, foundations, and individuals. Today we keep on embracing new innovative like e-administration, artificial intelligence, e-learning, e-banking, and obviously, e-commerce and above all the BLOCKCHAIN TECHNOLOGY. Loads of chances are being made, especially in the part of modern advancement.
Blockchain is perhaps one of the biggest buzzwords in both finance and technology today. Proponents tout it as the technology that will revolutionize the financial services, pointing to its ability to function without a central authority and also store data in a tamper-proof way. But they also believe it will be beneficial to a variety of industries beyond finance and tech, particularly ones beset by a huge trail of paper records and outdated legacy technology.
However, price volatility and a lack of standardization for instance threaten cryptocurrency growth and mass adoption by enterprises and merchants who carry out daily transactions. To have a number of investor and user adopt the use of bitcoin and other cryptocurrency, the issue of price volatility must be addressed and this leads to the creation of BITCOIN AIR which is proposed to provide a turnaround solution to the problems that plagues the cryptocurrency adoption generally.
The technology has depicted the change that it can bring in different business areas. The technology, even in its infancy, has disrupted different industries and sectors. Various features of Blockchain such as decentralization, immutability, and transparency make it appealing for business sectors and domains all across the world. One such industry that is leading the way in exploring the potential of blockchain is the banking and finance industry.
Talking specifically about the banking and finance sector, hundreds and thousands of funds are being regularly transferred from one region of the world to another within each day. This makes the global financial system one of the most popular sectors that could be benefited through the application of Blockchain and cryptocurrency
BITCOIN AIR'S SOLUTION
Bitcoin Air will correct the volatility issue which has come to be the largest factor affecting the mainstream adoption of bitcoin and other cryptocurrencies caused by market manipulation and in hand aided by low liquidity and no regulation issues. Bitcoin air will ultimately provide both a decentralized payment system and a decentralized reserves system that can operate 100% trust free and decentralized from any central power.
The platform will bring back the Power to the People giving the power of consensus and voting to the Community to help assist in the decision making processes. The concept behind Bitcoin Air will primarily focus on safety, security and providing the bedrock of technical prowess to allow this project to be unleashed to the Public at large. Unlike all the problems that Bitcoin faced in its scaling debacle that led to splits in the Bitcoin Development Team and many delays in deploying scaling capabilities, Bitcoin Air will allow the Community to have a voice in the decision making, thereby immediately removing these roadblocks that might have been caused on the road ahead by Alpha Male Developers in argument mode.
The concept behind the creation of BITCOIN AIR is based on Air Protocol which is utilizing idea of an off chain decentralized reserves system that could maintain the end value of a merchant’s or investors assets, while producing indirect impact on the environment in a positive way. The air protocol of the platform will make it possible for any investor to lock the value of bitcoin air (XAP TOKEN) in USD in case there’s need for it.
The good thing about the project is that it recognizes the effort of the various blockchain platforms which emerged to provide solutions to cryptocurrency setbacks but insufficient so far, thus Bitcoin Air will utilize a lot of the currently available technology including; Segregated Witness, Lightning Network, and Atomic Swap. This will expand into its off-chaining and onchaining features that will ultimately be implemented into the Air Protocol to secure the value of a user’s coins.
THE TEAM MEMBERS.
It is known that the success of any project depends on the team behind it, the BITCOIN AIR’S team is made up of professionals with vast experience in fintech, IT development, marketing and communication, software development, and business development who has proven themselves to be transparent and take the success of the project as their major priorities. All the members in their respective fields bring to the table all the required elements needed for the mainstream adoption of cryptocurrencies and the blockchain technology at large.
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ABOUT THE AUTHOR
USER NAME : ETSU
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