03-27-2020 icon

New Microsoft Cryptocurrency Patent

By calvin
microsoft cryptocurrency patent

Microsoft reveals the details of its cryptocurrency patent called, “Cryptocurrency System Using Body Activity Data”. Microsoft will be creating a cryptocurrency that does not depend on ASICs miners. 

Microsoft Cryptocurrency Patent Reveals New Mining Convention

The innovation has been applauded for its potential to save significant amounts of energy as it does not depend on ASICs miners which are known for their energy consumption. The system will use body activity data instead of computational power to carry out the process of mining.

According to the patent,

“Some exemplary embodiments of the present disclosure may use human body activity associated with a task provided to a user as a solution to”mining” challenges in cryptocurrency systems. 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.”

Lower Barriers to Entry to Crypto

For users, the new system presents lower barriers to entry as they will be able to solve complex computational problems without having to rely on expensive hardware. A user’s device can complete a task which is provided by a server. A sensor may be used to pick up body activity of a user, which the cryptocurrency system will assess to determine if it meets its requirements. 

“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. Accordingly, certain exemplary embodiments of the present disclosure may reduce computational energy for the mining process as well as make the mining process faster. (Emphasis added)”

Co-founder of Microsoft, Bill Gates recently left the board of his company. Now aged 64, he commits more of his time to reducing poverty and improving healthcare in different regions of the world.