New Altcoin Promotes Fitness with 'Proof of Sweat'
Mining bitcoins chews up a lot of computing power for no other purpose than to sustain the network. Wouldn't it be useful to mine cryptocurrency in some other, more productive way? Now a team of Serbian developers has tried to crack the problem with a proof-of-concept altcoin that lets you mine coins simply by exercising. Mangocoinz was launched as a computer science project by three students at Belgrade's School of Computing, with a simple concept: instead of using computational work to generate coins, miners have to do some actual, physical work. For example, repeatedly moving a....
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Austin-based technology firm Chaotic Moon Studios recently launched a next generation fitness application that lets users earn Bitcoin while exercising. The bribe-for-sweat iOS app, titled FitCoin, requires users to sync-in a fitness tracker for recording heart rate and length of the workout session. It then converts the collected statistics to a CPU time on a Bitcoin mining rig; therefore deciding how much Bitcoin a user should earn after a regular exercising session. FitCoin's designer Grant Nicol demonstrated the application's functionality by running three minutes and forty seconds on....
NEAR, the native token of decentralized application (dApp) platform and Ethereum competitor Near Protocol, managed to pump its price over the last 24 hours. According to tracking from Coingecko, at the time of writing, the crypto is trading at $2.98 and was up by 1.2% on its intraday price. The altcoin, however, is still reeling from significant losses as it is still down by 15.4% over the past week and is -14.6% for the past 14 days. On a month-to-date scale, the coin is down by nearly 30%. But as bleak as the situation may be for the altcoin, hope is not lost as Near Protocol’s recent....
Bitcoin is mined based on the concept of proof of work. The difficulty of proof of work and the computing power required make bitcoin special and very rare and therefore very valuable. This concept of proof of work is integral not only to bitcoin but also applies to many facets of life. Anything worth having or accomplishing takes work, as the old saying goes. Health and fitness is no exception to this rule. Consistent habits can create an amazing body and health. The proof of your workout is clear when you have great biceps. The only way you get those biceps is through a dedication to....
With the rise of wearable technology and fitness trends these days, it's no wonder that app developers are taking advantage of the bandwagon and created an app that can reward you in bitcoin payments for working out. Creators at this Austin-based company claim that this app can pay you based on the intensity of your workouts. Users can simply create an account in their bitcoin repository, download the app, and sync the information to a fitness tracker. This app is available for iOS devices for now and makes use of information from heart rate trackers available with public access. Earning....
Given the relatively quiet altcoin market, it's easy to miss the new technologies and interesting applications that are gaining ground. Yet, as September rolls to a close and October lies just around the corner, it might be premature to assume that the altcoin world is running out of steam as some have suggested. Today's roundup includes a chat with the developer of XCurrency, a look at I/O's new proof-of-stake concept and an altcoin that is out of this world. I/O preps next-gen proof-of-stake framework. The proof-of-stake (PoS) concept has expanded in recent months, including....