Microsoft Files Patent For New Cryptocurrency and Mining System
Tech giant, Microsoft, is looking to develop a cryptocurrency system which enables individuals to mine cryptocurrency using their body activity data, eliminating the need for specialized mining machines.
Microsoft published a patent dubbed “Cryptocurrency system using body activity data” on March 26. Their paperwork details a method of crypto mining which exploits data associated with a user’s body activity to exercise a new form of proof-of-work. The document further details:
“For example, 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 advertisement or using certain internet services, can be used in the mining process.”
To implement the process, a server provides a task to a user’s device, which is communicatively coupled to the server. A special sensor then indicates body activity of the individual, while a cryptocurrency system verifies whether or not the body activity data satisfies the conditions set by the cryptocurrency system. Ultimately, the system awards cryptocurrency to the user whose body activity data is verified.
Blockchain patents gain traction
Technology companies continue to experiment with cryptocurrency and blockchain in an attempt to remain a step ahead of their rivals. In the United States alone, the United States Patent and Trademark Office granted 227 blockchain-related patents from January 2014 to October 2019.
Recently, another tech behemoth, IBM, was awarded a patent for the development of a so-called “self-aware token.” The idea of the development is that the adoption of new forms of currency will create questions regarding the ability to validate, authenticate, and coordinate transactions across diverse forms of payment and trade that traditionally had little or no interaction.
Brian Amstrong, the CEO of Coinbase, patented a method that enables users to make Bitcoin (BTC) payments using email addresses tied to wallet addresses, without incurring transaction fees.
Parrotrelease is a UK based company. It is an E-journalism, E-Marketing and Business platform combined with social media functionalities that provides latest news from around the world. It is a platform where people can publish news, advertise their products, services and events globally. All news publishers generate passive incomes as per the view of their news and the information uploaded. Bloggers and writers use our platform for free to publish their news articles and they get rewarded monetarily. Parrot release is designed for businesses and events promotion with our business chatting group capable of accommodating 10,000 in a group. This is currently in operation in over 100 countries around the world. Chat/group chat, video recording, audio recording, comments and likes for business promotion etc are features embedded in all users' back office. Majority of these features are delivered free of charge on Parrotrelease platform. Copy and paste is not allowed on parrotrelease. Articles have to be original and news published have to be well written and source identified.
You earn on Parrotrelease whenever your article is viewed. Your earnings rise gradually as your posts and articles get viewed. You however earn more when you refer someone to become a user on the website and its social media pages. Every time a user reaches the $19 mark, the user gets paid. Send hot news to Parrotrelease.com with evidences- documents and videos and get paid for it if agreed to be published.
Here is how to post::
-Login to your dashboard
-Go to news
-Click on add news
-Select desired category
-Post the body of your article
-State the source of your news, if original state Parrotrelease as source
- Add related tags
Registered in England and Wales-company Number 12391676