cryptocurrency

Microsoft Files Patent for New Bitcoin (BTC) Competitor – Here’s a Look at the Unusual Cryptocurrency – The Daily Hodl


Microsoft is contemplating a replacement for Bitcoin’s energy-intensive mining system using a cryptocurrency that’s powered by the human body.

According to Microsoft’s patent application, the tech giant’s cryptocurrency would run on power produced by simple activities, including passive actions, and eliminate the need for the expensive ASIC mining rigs that consume lots of electricity to power the Bitcoin network.

“For example, a brain wave or body heat emitted from the user when the user performs the task provided by an information or service provider, such as viewing advertisement or using certain internet services, can be used in the mining process.”

Microsoft details the role of special sensors that would connect to a server and crypto mining participants. The server would send a task request to the user’s device and then check whether the user’s body activity meets the conditions of the system. Users who satisfy the conditions will receive cryptocurrency as a reward.

The patent also states that the process can replace Bitcoin’s current proof-of-work system.

“Instead of massive computation work required by some conventional cryptocurrency systems, data generated based on the body activity of the user can be a proof-of-work, and therefore, a user can solve the computationally difficult problem unconsciously.”

Microsoft also says that by reducing computational energy requirements the system could potentially make the process of mining crypto faster.

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/camilkuo



READ SOURCE

Leave a Reply