This paper is revealing a patent pending method to distil a new generation of cryptocurrency, namely Telecoins, from existing telecom networks. In telecom in general and in the IoT a Telecoin could be used as the digital identity of a connected object. The previous generation of cryptocurrency (Bitcoin, Litecoin etc) had to be mined by investing in dedicated, purpose-built PFGA/ASIC computing infrastructure. This paper proposes to reuse existing cryptopower in IPSec, TLS, 4G/5G and WPA2 based telecom networks to distil Telecoins.
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