MiftyCoin (MFT): A Cryptocurrency Mined with Proof of Human Work

TL;DR

MiftyCoin is a novel cryptocurrency mined through Proof of Human Work, where users solve unique tile puzzles based on block hash values, incentivizing human effort in blockchain mining.

Contribution

This paper introduces a new proof mechanism, Proof of Human Work, using tile puzzles derived from block hashes for mining MiftyCoin.

Findings

Puzzle-based mining incentivizes human participation.

High-scoring tile arrangements determine block rewards.

Novel proof-of-work mechanism based on puzzle solving.

Abstract

We present in this paper a cryptocurrency called Mobile Fungible Token (MFT) or "MiftyCoin", which is mined with Proof of Human Work (PoH). Blocks in MFT's blockchain are mined by users solving unique 24-tile puzzles autogenerated as a function of block hash values. Each tile in the puzzle is a 4-sided domino-like square, where the number of dots per square is a function of a subset of the bits of a corresponding byte in the block's hash value. The objective is to find a set of tile moves that end up in an arrangement with an optimal score; where each matching tile side increases the score by one. The block with the highest score gets a reward. More information about MiftyCoin is available at: https://www.miftycoin.com.