Microsoft Files Patent For New Cryptocurrency and Mining System
Microsoft needs to create a brand new cryptocurrency that’s nonetheless mined utilizing PoW–besides changing costly power-intense mining rigs with fundamental human vitality. If that sounds slightly unusual, it is best to take a dive deep into the small print of the patent printed yesterday filed by Microsoft. It’s referred to as: “Cryptocurrency system utilizing physique exercise information.”
Microsoft’s Human-Mined Cryptocurrency – Creepy or Cool?
In keeping with the patent, Microsoft’s cryptocurrency would make use of physique exercise information. This may enable people to mine crypto and change the want for ASICs.
It sounds slightly other-worldly and, actually, borderline creepy. But when you may get previous the thought of wiring people as much as some form of server monitoring their vitality output, it could possibly be a sustainable means of mining crypto with out damaging the surroundings.
So, how does it work? As per the patent, Microsoft states that ‘human physique exercise’ wanted to mine cryptocurrency could possibly be quite simple. We’re not speaking about forcing tribes of gym-goers to run 20ok right here. In reality, it could possibly be as little as:
a mind wave or physique warmth emitted from the consumer when the consumer performs the duty offered by an info or service supplier, corresponding to viewing an commercial or utilizing sure web providers, can be utilized within the mining course of.
Mining Crypto Whereas Watching Adverts
The doc goes on to say that this sort of exercise would change the “huge computation work” at the moment required by some standard cryptocurrency techniques. It is because the info that’s gathered from the physique exercise could possibly be considered Proof of Work:
subsequently, a consumer can remedy the computationally troublesome downside unconsciously.
The patent states that sure duties would cut back or enhance computational vitality accordingly, relying on how a lot exercise they generate. The cryptocurrency system utilizing human physique exercise information would most probably work via a server giving a command to a wearable machine.
Physique exercise information could also be generated based mostly on the sensed physique exercise of the consumer. A cryptocurrency system communicatively coupled to the machine of the consumer could confirm whether or not or not the physique exercise information satisfies a number of situations set by the cryptocurrency system, and award cryptocurrency to the consumer whose physique exercise information is verified.
At this stage, Microsoft hasn’t but said whether or not this new cryptocurrency shall be based mostly on any blockchain specifically or whether or not the software program large will create its personal framework. It’s additionally not sure whether or not this new cryptocurrency will truly go forward. However, in case you have been fascinated about utilizing human mind waves to exchange hash energy, sorry, Microsoft patented it first.
What do you make of Microsoft’s new foray into cryptocurrency? Add your ideas under!
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