Giant software manufacturer, Microsoft is seeking to capitalize on the new crypto hype. The firm is seeking to introduce its own cryptocurrency that will be mined using human energy replacing the costly mining process that is used today, Bitcoinist reports.
As per patent documents, the proposed Microsoft cryptocurrency will utilize body activity data. The company states that this will allow individuals in mining getting rid of the ASICs. The patent states that various forms of human body activities like the heat produced when a user executes different tasks online can be used in mining and be used as a proof-of-work. Microsoft explains:
“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 an advertisement or using certain internet services, can be used in the mining process.”
The documents goes on to explain that body activities will help in replacing intense computation work that must be used in various crypto systems. Users will be able to solve computationally challenges unconsciously serving as proof-of-work.
As per te patent documents, various tasks will increase or reduce the computational energy in regards to the activity being generated. Use of human body activity data for mining will work via a server which will command through wearable devices. The crypto system which is linked to the user’s device will then verify if the body activity meets the set conditions of the crypto system. Crypto will then be awarded to the user.
Currently, Microsoft is yet to reveal if the new cryptocurrency will be developed on a blockchain network or the company will develop its own framework. Similarly, it is not also clear if the new crypto project will happen soon.
The innovation comes at a time when crypto mining has been on the spotlight for excessive use of energy. It is claimed that the Proof-of-Work system utilizes more energy compared to Chile. The new system will also help in dealing with e-waste problems in the crypto space.