BitTorrent inventor Bram Cohen to launch cryptocurrency

Bram Cohen became an internet ledgen when he created the most famous torrent client called utorrent, but he is not stopping here and now he is going after Cryptocurreny.

storage space instead of processor time.Bram has recently presented a paper in a Blockchain conference titled "Proofs of Space and Proofs of Time" in which he propose that cryptocurrency that pins the mining value to storage space instead of processor time.

Cohen also mentioned the process of creating Bitcoin is wasteful and he is proposing this new way to make things better, but he also mentioned that he is not here to change to Bitcoin rather he wants to introduce a new currency which is more better and more stable.

However time will tell if people will like this new approach to crytocurrencies of they want to stick with the old ways to minting Coins.