New Microsoft Cryptocurrency System Plans To Utilize Human Body Activity for Mining
Quick Take:
Microsoft receives patent for a new Cryptocurrency system
The crypto system will use body activity for mining and reduce reliance on computer power
Participants will be rewarded with cryptocurrency for physical activity or watching ads
The latest on cryptocurrency mining using Proof-of-Work might prove even to be more controversial than the recent introduction of Coronacoin.
This is after an update from Windows Central about a new Microsoft-owned Patent for a cryptocurrency system that proposes using monitored body activity as Proof-of-Work to verify transactions.
The strange patent describes an innovative mining method for a Bitcoin alternative cryptocurrency that uses physical activity for mining. This would involve attaching body sensors to monitor brain wave or body heat while the user is performing a delegated task and use the feedback to mine cryptocurrency.
The cryptocurrency system plans to incentivize users with a reward for performing various activities, including watching advertisements and physical movement.
Introducing Unconscious Mining to the Growing List of Consensus Protocols
According to patent, human body activity can be used to solve some of the problems associated with the crypto mining. It says:
“A brain wave or body heat emitted from the users when the user performs the task provided by an information or service provider, such as advertisements or using certain internet services, can be used in the mining process.”
Therefore, the system would be relying more on the user’s actions rather than computation power from the computer. The data, once it meets the set parameters from the crypto system, would act as Proof-of-Work, enabling participants to unconsciously perform mining.
The patent describes this development as an exemplary idea that “may reduce thillegal data mining energy for the mining process as well as make the mining process faster.”. Don't use plagiarised sources.Get your custom essay just from $11/page
Earn Crypto by Offering Your Mental or Physical Resources
In the detailed description of the mechanisms of the new cryptocurrency system, it is clear that it proposes turning the participant into a data collector and a computational half during the mining process.
Participation will require users to use various devices, including smartphones and other special issues, including wearable devices.
The sensors needed to monitor body activity include functional magnetic resonance imaging (fMRI) scanners or sensors, electroencephalography (EEG) sensors, near-infrared spectroscopy (NIRS) sensors, heart rate monitors, thermal sensors, optical sensors, radio frequency (RF) sensors, ultrasonic sensors, and cameras.
The mining process will start with a server providing a task to the user through one of the delegated and networked devices. The sensors will then monitor body activity and provide feedback from the user’s response to the activity and send the data back to the server.
Once the cryptocurrency system verifies that the data meets preset conditions, it will award “cryptocurrency to the users whose body activity data is verified.”
While such a cryptocurrency can be used for various applications, it seems geared to mostly target the advertisement and sports industries.