Last week Microsoft announced their role in a partnership with the owners of the New York Stock Exchange (NYSE) and Starbucks and the launch of the new cryptocurrency based company Bakkt (that story here Today, Microsoft unviled their new Ethereum Proof-of-Authority Algorithm, which works along side Azure’s original proof of work algorithm (Azur is Microsoft's cloud computing service).says Microsoft Azur engineer Cody Born.However it's important to note - this algorithm is for use by larger enterprise operations looking to run decentralized applications (dApps) built on the Ethereum blockchain, but unlike typical dApp's which use miners as their consensus participants, the miners here are replaced with a network of 'known and trusted' participants for confirmations.Sounds like bad news for miners at first, but in reality they simply aren't needed for dApp's being used by companies internallyadded Born. So it's not as if mining rewards that were going out to miners are now going to themselves, there's simply no mining fees at all in this case.-------