Bitcoins have become somewhat of a complicated and mysterious topic. What initially seemed to start out as a rather strange take on what a currency is, more recent reports are starting to serious see bitcoins as a prototype of what future currencies might be like and behave as. One startup, in particular, has been for awhile now readying itself to unveil its plans for the newly and largely not understood concept. In particular, 21 hopes to turn smartphones into bitcoin mining machines.
This is done through masses and masses of data crunching in where the bitcoins are literally rewarded for the processing and data crunching. In the past presently, is probably far more accurate bitcoin mining is typically achieved through large and vast data centres which have the capacity to mine the large amount of data needed to earn sufficient bitcoin rewards to be viable.
However, 21 are looking to unify the networks of smartphones that are currently in circulation so that they can essentially as one mass mine bitcoins. In short, every smartphone doing its bit. This SoC can be utilized in a smartphone to achieve its participation in the mining process.
If you are wondering what would be the benefit to you? Well, this is where 21 offer a more philosophical answer. In short, 21 state that they are not looking to necessarily create billions in terms of value of bitcoins but instead, push forward more towards the unity of the medium and the world of IoT in general.
This in turn will offer the wider community of connected devices a more comprehensive currency which could be used instead of the traditional methods of payments being used now. In fact, 21 feel that this could be so much of a game changer that the smartphone bitcoin processor could be as important when choosing a device as RAM, CPU or memory.
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