Microsoft files new patent: cryptocurrency system that uses physical activity data for mining
According to a Bitcoinist report on March 28, Microsoft wants to create a cryptocurrency that uses electricity to mine. Of course, this cryptocurrency is special in that it uses human basic capacity to replace expensive high-power mining equipment. According to details released yesterday by Microsoft, the patent is entitled "Cryptocurrency system using physical activity data."
Microsoft applies for cryptocurrency patent, mining with human capacity
According to Microsoft's patent, this cryptocurrency will utilize users' physical activity data, allowing users to use their bodies for mining, replacing the demand for ASIC mining machines.
This patent sounds pretty cool though. You can connect human data to some kind of server that tracks your energy output, which may be a sustainable mining method that does not damage the environment.
So, how does it work? In a patent document, Microsoft stated that the requirement for "human activity" required for mining is very simple. We don't need to force ourselves to go to the gym or go for 20,000 meters:
When users perform information or tasks assigned by service providers, such as viewing ads or using certain Internet services, their brain waves or body temperature can be used for mining.
Mining while watching ads
The patent document also writes that this type of mining activity will replace the "large amount of computing work" currently required by some traditional cryptocurrency systems. This is because the data collected from physical activity is proof of work:
As a result, users can solve computational problems unknowingly.
The patent states that different tasks will reduce or increase the amount of energy used for calculations accordingly, depending on how much activity the task generates. Cryptocurrency systems that use human activity data are likely to operate through servers to issue instructions to wearable devices.
This cryptocurrency system is bundled with the user's communication device, which can verify whether the user's physical activity data meets one or more conditions set by the system, and grant cryptocurrency to the user who verifies the physical activity data.
At present, Microsoft has not stated whether this new type of cryptocurrency will be based on a specific blockchain or whether it will create its own framework. In addition, it is uncertain whether this new cryptocurrency will be developed. However, if you want to replace your hashing power with your own brain waves, sorry, Microsoft has already applied for a patent first.