Also read: 2x Bitcoin — Wanna Double Your BTC to the Moon? As is described by the patent application, instead of the massive computation work that is required by “ conventional cryptocurrency systems,” Microsoft’s hypothesis is that … They 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, cameras, or any other sensor or scanner” that will do the same job. Mining cryptocurrencies like bitcoin typically involves devoting vast amounts of computer processing power to solve complex mathematical problems. The patent, filed under international patent number WO-2020-060606 and titled ‘Cryptocurrency System Using Body Data Activity’, leverages human body activity as proof-of-work.. Possible sensors used to track the activity include MRI scanners, heat cameras, and heart rate and infrared sensors. Microsoft Corporation, through its licensing arm, Microsoft Technology Licensing, was granted an international patent on March 26. The patent, named “ WO2020060606 – Cryptocurrency System Using Body Activity Data,” involves a crypto mining system based on sensors that transform mental or physical activities into computer power. Microsoft did not immediately respond to a request for comment from The Independent about whether it plans to develop the technology. AI researchers at DeepMind discovered new details about how the human brain works, On 3 January, 2009, the genesis block of bitcoin appeared. Microsoft has patented a system that uses human biometrics such as body heat and brain-wave activity to mine cryptocurrency. Microsoft has patented a cryptocurrency mining system that leverages human activities, including brain waves and body heat, when performing online tasks such as using search engines, chatbots, and reading ads. Microsoft Patents New Cryptocurrency System Using Body Activity Data. The application was filed on June 20 last year. Economist Discusses What Would Happen if the Masses Ditch Fiat Currencies for Bitcoin. Patent describes system that rewards users with digital currency every time they view an advertisement or use a certain internet service, Find your bookmarks in your Independent Premium section, under my profile. Image Credits: Shutterstock, Pixabay, Wiki Commons. This patent granted to Microsoft was reportedly published by the World Intellectual Property Organization (WIPO). Microsoft Technology Licensing, the licensing arm of Microsoft Corp., has been granted an international patent for a “cryptocurrency system using body activity data.” The patent was published by the World Intellectual Property Organization (WIPO) on March 26. The patent is for a cryptocurrency system using body activity data. Lazlo Hanyecz bought two pizzas for 10,000 bitcoins – the equivalent of $90 million at today's prices, Bitcoin soon gained notoriety for its use on the dark web. Due to the sheer scale of this comment community, we are not able to give each post the same level of attention, but we have preserved this area in the interests of open debate. Let us know in the comments section below. Flow. The existing Open Comments threads will continue to exist for those who do not subscribe to Independent Premium. A strange patent from Microsoft has been spotted by WindowsUnited that combines cryptocurrency and monitoring brain and body heat into a single idea. Microsoft wants to create a new cryptocurrency that’s still mined using PoW–except replacing expensive power-intense mining rigs with basic human energy. Vietnamese government-backed hackers have been recently spotted deploying cryptocurrency-mining malware alongside their regular cyber-espionage toolkits, Microsoft said … American economist Brian Wesbury has shared his thoughts on what would happen if the masses were to ditch fiat currencies and adopt bitcoin instead. Microsoft has proposed a method to generate cryptocurrency by monitoring people's brain activity and other personal biometric data. It came less than a year after the pseudonymous creator Satoshi Nakamoto detailed the cryptocurrency in a paper titled 'Bitcoin: A peer-to-Peer Electronic Cash System', On 22 May, 2010, the first ever real-world bitcoin transaction took place. The use of human body activity data makes this system unique and interesting. A new patent titled "Cryptocurrency System Using Body Activity Data" describes how a person could attach various sensors to their body to earn cryptocurrency through a process known as mining. The machine allowed people to exchange bitcoins for cash, The world's biggest bitcoin exchange, MtGox, filed for bankruptcy in February 2014 after losing almost 750,000 of its customers bitcoins. In the past, the company halted its acceptance of cryptocurrency but shortly after resumed their service. Microsoft has patented a cryptocurrency mining system that leverages human activities, including brain waves and body heat, when performing online tasks such as using search engines, chatbots, and reading ads. Are you sure you want to delete this comment? He discussed whether the government would allow it to happen and how bitcoin can become a ... read more. This will allow users to mine a new token using brain waves or body heat. Facebook. The most insightful comments on all subjects will be published daily in dedicated articles. Use Bitcoin and Bitcoin Cash to play online casino games here. What do you think of Microsoft’s new cryptocurrency mining system? If that sounds a little strange, you should take a dive deep into the details of the patent published yesterday filed by Microsoft. The application was filed on June 20 last year. The mining system would involve hooking up a device to various sensors on the body that detect the activity required of the user to generate the cryptocurrency. On 26 March 2020, Microsoft published a patent that indicates the building of a new cryptocurrency system. Microsoft has filed a patent titled “Cryptocurrency system using body activity data” which was published yesterday. Advertisment. 2x Bitcoin — Wanna Double Your BTC to the Moon? Microsoft's patent sets out an alternative option for mining cryptocurrency by instead doing it through a "human body activity associated with a task" and monitoring the outcome with biometric sensors. Introducing Cryptosheets, the world's first real-time cryptocurrency data add-in for Microsoft Excel. Can Norwegian waterfalls stop bitcoin from destroying the planet? At the time, this was around 7 per cent of all bitcoins and the market inevitably crashed, In 2015, Australian police raided the home of Craig Wright after the entrepreneur claimed he was Satoshi Nakamoto. Independent Premium Comments can be posted by members of our membership scheme, Independent Premium. Microsoft has patented a cryptocurrency mining system that leverages human activities, including brain waves and body heat, when performing online tasks such as using search engines, chatbots, and reading ads. Read our full mailing list consent terms here. Would the mining of these currencies be the main benefit for Microsoft or would it be the ability to prompt users to use certain services? Ethereum wallet A cryptocurrency wallet stores the public and private keys which can be used to receive or spend the cryptocurrency. Microsoft Technology Licensing, the licensing arm of Microsoft Corp., has been granted an international patent for a "cryptocurrency system using body activity data." Different types of sensors can be used to “measure or sense body activity or scan human body,” the patent explains. ; 2 The distributed ledger technology (DLT) consumer Logic App fetches the data from the Service Bus and sends to transaction builder which builds and signs the transaction. You may not agree with our views, or other users’, but please respond to them respectfully, Swearing, personal abuse, racism, sexism, homophobia and other discriminatory or inciteful language is not acceptable, Do not impersonate other users or reveal private information about third parties, We reserve the right to delete inappropriate posts and ban offending users without notification. While the long-term viability of these are questioned by some, cryptocurrency mining has been going on for years and is the catalyst for how coins are distributed. video and audio streaming or electric books), or sharing information or data with users,” the patent details. Bitcoin.com does not provide investment, tax, legal, or accounting advice. With Our Bitcoin Miner When your phone is doing nothing, you have a great chance to make free Bitcoins. Create a commenting name to join the debate, There are no Independent Premium comments yet - be the first to add your thoughts, There are no comments yet - be the first to add your thoughts. Noting that the method described may “reduce computational energy for the mining process as well as make the mining process faster,” the patent details: For example, instead of massive computation work required by some conventional cryptocurrency systems, data generated based on the body activity of the user can be a proof-of-work, and therefore, a user can solve the computationally difficult problem unconsciously. The Ethereum Virtual Machine (EVM) is the runtime environment for smart contracts in Ethereum. For example, Manuel Beltrán, founder of the Dutch Institute of Human Obsolescence, set up an experiment in 2018 to mine cryptocurrencies with a special bodysuit that harvested the human body heat into a sustainable energy source. The idea of mining cryptocurrencies using human body heat has previously been explored by other organizations. Microsoft announced plans to use the bitcoin blockchain to create a "digital identity" that could be used to access sites and apps across the internet. The company allows the use of Bitcoin to top up your Microsoft account. Microsoft has filed a patent application for a system that uses brainwaves to mine cryptocurrencies. Now, does this bitcoin miner from Microsoft have any underlying, nefarious agenda? The ledgers that track bitcoin transactions look for … Beyond brain waves and body heat, other activities that could be monitored include "body fluid flow" and "organ activity and movement". The patent talks about a new cryptocurrency that uses body activity data for mining allowing users to mine the currency without needing an … Forget About It. He later rescinded the claim, On 1 August, 2017, an unresolvable dispute within the bitcoin community saw the network split. This represented a 1,300 per cent increase from its price at the start of the year, Bitcoin price crashes spectacularly, losing half of its value in a matter of days, The cryptocurrency eventually bottoms out below $4,000 in 2019 before slowly rebuilding momentum to outperform more traditional assets, {{#verifyErrors}} {{message}} {{/verifyErrors}} {{^verifyErrors}} {{message}} {{/verifyErrors}}, Microsoft wants to 'read people's brain waves' to mine cryptocurrency. Microsoft has proposed a method to generate cryptocurrency by monitoring people's brain activity and other personal biometric data. By tracking brainwaves when someone watches an advert, Microsoft hopes to use the data generated as a “proof-of-work.” This is the validation of a … The cryptocurrency system communicatively coupled to the device of the user may verify if 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. 1 Relevant apps, devices, and data sources send events or data to a message broker (Azure Service Bus). “A user can solve the computationally difficult problem unconsciously,” the patent reads. “A user can solve the computationally difficult problem unconsciously,” the patent reads. The Silk Road marketplace, established in 2011, was the first of hundreds of sites to offer illegal drugs and services in exchange for bitcoin, On 29 October, 2013, the first ever bitcoin ATM was installed in a coffee shop in Vancouver, Canada. Microsoft has filed for a patent for a new cryptocurrency mining system that will purportedly leverage the data collected from people via sensors, as they interact with advertising or exercise, instead of using equipment that requires massive amounts of power. The patent lists 28 different concepts for the way the system could be used to mine cryptocurrency, including tasks like browsing social media, engaging with an artificial intelligence chat bot or visiting a website. The patent code WO 2020060606 is making conspiracists drive crazy. Which cryptocurrency? Of course, this doesn’t mean that using cryptocurrency primarily for paying for things in restaurants couldn’t eventually lead to widespread adoption, particularly within developed countries. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. According to Microsoft’s patent application, the tech giant’s cryptocurrency would run on power produced by simple activities, including passive actions, and eliminate the need for the expensive ASIC mining rigs that consume lots of electricity to power the Bitcoin network. Until now risking your money to buy bitcoin or understanding complex technology to mine bitcoin were the only solutions to get free bitcoins. Want an ad-free experience?Subscribe to Independent Premium. Microsoft recently filed a patent titled “Cryptocurrency System Using Body Activity Data” which outlines a new cryptocurrency that uses body activity data for mining. "For example, a brain wave or body heat emitted from the user when the user performs the task provided by an information service provider, such as viewing an advertisement or using certain internet services, can be used in the mining process," the patent explains. The fork of bitcoin's underlying blockchain technology spawned a new cryptocurrency: Bitcoin cash, Towards the end of 2017, the price of bitcoin surged to almost $20,000. A new patent … It does not specify which cryptocurrency the system would work with, though it could use an entirely new digital payments network based on a blockchain developed especially for it. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. The patent was published by the World Intellectual Property Organization (WIPO) on March 26. Measure sweat = measure fever. Bitcoin is the most valuable cryptocurrency today. Our journalists will try to respond by joining the threads when they can to create a true meeting of independent Premium. Please continue to respect all commenters and create constructive debates. The patent describes a system where a device can verify whether “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 cryptocurrency craze is real, with BitCoin and other currencies surging in recent months. Microsoft and IOTA launch first cryptocurrency market for the Internet of Things Update: IOTA has since come forward to clarify it has no formal partnership with Microsoft. Want to bookmark your favourite articles and stories to read or reference later? Are you sure you want to mark this comment as inappropriate? Disclaimer: This article is for informational purposes only. Start your Independent Premium subscription today. Please be respectful when making a comment and adhere to our Community Guidelines. Discover the program thousands of traders are using on a daily basis. Claim: Microsoft owns patent "666," which involves inserting microchips into people to mine their activity for cryptocurrency purposes. They are terming this code as World Order 2020 666. This proof-of-work is achieved when a user performs given tasks, or even online … "Instead of massive computation work required by some conventional cryptocurrency systems, data generated based on the body activity of the user can be proof-of-work, and therefore, a user can solve the computationally difficult problem unconsciously.". You can also choose to be emailed when someone replies to your comment. The idea behind the system is … You can search international patents here. In a recent patent filing, Microsoft appears to have a plan to use human brain waves for cryptocurrency mining.The patent is titled “Cryptocurrency System Using Data on Body Activity.” Details of the patent indicate that Microsoft is working on a PoW algorithm that will use the body’s biometric data to facilitate cryptocurrency mining. “A user can solve the computationally difficult problem unconsciously,” the … Forget About It, India Seizes Bitcoins Worth $1.2 Million From Hacker of Government Website and Crypto Exchanges, Gold Exceeds U.S. Hackers target cryptocurrency users with new ElectroRAT malware. You can find our Community Guidelines in full here. 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Since then many companies have jumped on the cryptocurrency bandwagon and it looks like Microsoft is going to be the latest addition. Twitter. “Human body activity associated with a task provided to a user may be used in a mining process of a cryptocurrency system,” the patent reads, adding as an 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. It allows our most engaged readers to debate the big issues, share their own experiences, discuss real-world solutions, and more. The electricity generated was then fed to a computer to mine cryptocurrencies. Read more: Gates’ Microsoft patent for cryptocurrency system using body activity data Microsoft Technology Licensing, the licensing arm of Microsoft Corp., has been granted an international patent for a “cryptocurrency system using body activity data.” The patent was published by the World Intellectual Property Organization (WIPO) on March 26. A wallet can contain multiple public and private key pairs. Microsoft Corporation (MSFT) Enters Cryptocurrency Market With Blockchain Contract By Zacks Equity Research, Zacks Investment Research Sep 11, 2017, 1:50 pm EST September 11, 2017 Intezer Labs said it discovered fake cryptocurrency apps laced with ElectroRAT, a new Go-based malware strain. 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