• UK-based Quantum Blockchain Technologies (QBT) has developed a computing method, the Message Scheduling For Cryptographic Hashing (MSFCA), designed to make Bitcoin mining significantly more efficient.
• QBT CEO Francesco Gardin defined MSFCA as a “radical change” that disrupts the “fundamental BTC blockchain paradigm.”
• This new concept involves computation for future blocks taking place before the previous block is mined.
UK-Based Quantum Blockchain Technologies Develops New AI Mining Method
UK-based Quantum Blockchain Technologies (QBT) has developed a groundbreaking computing method, the Message Scheduling For Cryptographic Hashing (MSFCA), designed to make Bitcoin mining significantly more efficient. QBT CEO Francesco Gardin defines MSFCA as a “radical change” that disrupts the “fundamental BTC blockchain paradigm.” This new concept involves computation for future blocks taking place before the previous block is mined, which can increase reward chance by 260%.
What Is MSFCA?
MSFCA is an algorithm that uses Artificial Intelligence and Machine Learning techniques to calculate and predict future blocks in order to increase reward chance by 260%. It does this by understanding how miners work and predicting their behavior based on past data points. The algorithm then calculates the most profitable mining opportunities in advance, allowing miners to be better prepared for upcoming rewards and thus increase their chances of success.
How Does It Work?
The algorithm works by using historical data from Bitcoin’s blockchain network to identify patterns in miner behavior and make predictions about when they are likely to find rewards with maximum potential profits. It then schedules messages accordingly so that miners can maximize their time spent mining and receive higher rewards than usual. In addition, it reduces energy consumption since it eliminates unnecessary calculations from being done on each individual computer of a miner’s network.
Benefits of Using MSFCA
Using this new technology provides several benefits for both miners and users of cryptocurrency alike: firstly, miners will be able to increase their chances of success when attempting to mine Bitcoin; Secondly, it will reduce energy consumption due to fewer calculations being done on each individual computer; Thirdly, it provides users with more reliable predictions about reward times so they can plan accordingly; Finally, this technology provides a secure platform for transactions since its AI capabilities cannot be hacked or manipulated due to its decentralized nature.
Conclusion
Quantum Blockchain Technologies‘ breakthrough in developing MSFCA promises great potential for Bitcoin mining efficiency and security. By reducing energy consumption while increasing reward chance by 260%, miners will have more incentive than ever before to participate in cryptocurrency networks with confidence knowing that their transactions are safe and secure from malicious actors or manipulation attempts.