Bitcoin Competitor: Microsoft To Create A Digital Asset Powered By Body Heat
Amidst the global financial crisis, companies are trying their best to move on and continue with their developments.
The coronavirus pandemic has been shaking the healthcare systems all over the world and things are far from being over.
The number of infected people around the globe is increasing at an exponential rate and everyone’s terrified of the potential recession that might follow in the aftermath of this disaster.
Analysts believe that during these times, Bitcoin, crypto, and the blockchain industry will turn out the perfect replacement for fiat money and the traditional financial system.
Microsoft plans to create its very own crypto
Microsoft is not sleeping on the crypto hype according to the latest info coming from UToday.
The tech giant is planning to create its own crypto that will be using body activity data instead of computational power for mining.
There’s a publicly available patent that is called ‘Cryptocurrency system using body activity data,’ and that was published on March 26.
Body activity can serve as proof-of-work
The online publication mentioned above, cites info from the patent’s description and reveals that various kinds of human body activity (such as emitted heat) can be used for mining and serve as a proof-of-work.
“Body activity data may be generated based on the sensed body activity of the user. A cryptocurrency system communicatively coupled to the device of the user may verify whether or not the body activity data satisfies one or more conditions set by the cryptocurrency system, and award cryptocurrency to the user whose body activity data is verified,” the description stated as cited by UToday.
We recommend that you check out the original patent in order to find out the complete details on what Microsoft seems to be planning these days.
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Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.