Latest Bitcoin (BTC) Mining Technology Licensed by Tech Company, Microsoft

Latest Bitcoin (BTC) Mining Technology Licensed by Tech Company, Microsoft

Microsoft, a tech company, has licensed a new crypto mining technology that uses data on human body behavior to compensate people with digital currencies while executing specific functions. As shown in a study published on April 6, 2020, the company says the new technology aims at reducing computing energy consumed while mining, thus allowing the mining process efficient.

Advanced Cryptocurrency Mining Technology
Microsoft has licensed a new device, as described in its legal paper, that tracks human body data such as brain wave or body heat produced by people when performing specific functions given to them, including watching an advert or even using specific online services and rewarded them through cryptocurrencies.

Different from traditional cryptocurrency frameworks such as the Bitcoin blockchain that miners use costly hardware facilities to mine bitcoin (BTC), the latest technology uses the data produced as proof-of-work (PoW) dependent on a user’s body operation, thus enabling users to unconsciously resolve the computationally difficult issue.

The project intends to reduce the computing resources needed to mine digital currencies, as well as speeding up the mining process.

Microsoft stated:

“All exceptional iterations of this exposure may also use human body behavior associated with a work assigned to a user as a response to cryptosystem mining difficulties. Rather than huge computational work needed by certain traditional cryptocurrency frameworks, data obtained dependent on the user’s body behavior may be a proof of work, and thus a user can unintentionally resolve the computationally difficult issue.”

Furthermore, the report states that the system will consist of sensors, servers, and hardware that will all work together to restore.

The company included:

“A database can provide a function to a user’s computer, which is linked to the server by connectivity. A sensor that is cognitively paired with or included in the user’s device can sense the user’s body movement. A cryptocurrency framework incorporated into the user’s computer then verifies whether or not the body activity data satisfies one or more rules set by the cryptosystem and assign cryptocurrency to the individual that body activity data is checked.”

Microsoft, ConsenSys, and EY merged previously in March 2020 to implement a privacy-protecting blockchain protocol.

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Author : Azeez Mustapha

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.