Microsoft Files Patent For New Cryptocurrency and Mining System


Microsoft desires to create a brand new cryptocurrency that’s nonetheless mined utilizing PoW–besides changing costly power-intense mining rigs with fundamental human power. If that sounds a bit unusual, it’s best to take a dive deep into the small print of the patent printed yesterday filed by Microsoft. It’s known 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 could permit people to mine crypto and substitute the necessity for ASICs. 

It sounds a bit other-worldly and, actually, borderline creepy. But when you may get previous the concept of wiring people as much as some type of server monitoring their power output, it could possibly be a sustainable method of mining crypto with out damaging the atmosphere.

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 20okay 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 supplied by an info or service supplier, resembling 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 the sort of exercise would substitute the “large computation work” at present required by some standard cryptocurrency techniques. It’s because the information that’s gathered from the physique exercise could possibly be thought to be Proof of Work:

due to this fact, a consumer can resolve the computationally troublesome drawback unconsciously. 

The patent states that sure duties would scale back or improve computational power accordingly, relying on how a lot exercise they generate. The cryptocurrency system utilizing human physique exercise information would almost certainly work by way of a server giving a command to a wearable machine.

Physique exercise information could also be generated primarily based on the sensed physique exercise of the consumer. A cryptocurrency system communicatively coupled to the machine of the consumer might confirm whether or not or not the physique exercise information satisfies a number of circumstances set by the cryptocurrency system, and award cryptocurrency to the consumer whose physique exercise information is verified.

At this stage, Microsoft hasn’t but acknowledged whether or not this new cryptocurrency shall be primarily based on any blockchain particularly 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 occupied with 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!

Photographs through Shutterstock

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