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Amazon crypto patent revealed: Is an Amazoncoin coming soon?

This is it, the moment we’ve all been waiting for, Amazon is finally joining the crypto revolution, or is it? Its been revealed that the company has recently filed several crypto related patents pertaining to proof of work, and Merkle trees, but does this involve cryptocurrency or is it something else…

The patent, dubbed: “Generation of Merkle Trees as Proof-of-Work,” was filed back in December 2016, but only just made public.

Amazoncoin soon?

Nope. It’s unlikely that an Amazoncoin will come along any time soon as the patent appears more tailored towards an authentication system which utilizes proof of work, no blockchain or cyrpotcurreny related information was gleamed form the patent itself.