Sergey Brin, co-founder of Google, revealed at this 12 months’s Blockchain Summit that he’s mining Ethereum along with his son. He additionally weighed in on the potential of zero-knowledge proofs – Zcash’s underlying privateness possibility.
Blockchain is “Extraordinary”
Sergey Brin, co-founder of Google and present president of its mum or dad firm, Alphabet, spoke on the Blockchain Summit – an annual occasion hosted by Sir Richard Branson – on July eight. Brin, whose estimated web value is roughly round $52 billion, revealed that he’s mining Ethereum along with his son.
Google co-founder Sergey Brin is a final minute addition to the #BlockchainSummit panel on rising applied sciences. Says he’s mining ethereum along with his son. Through @ForbesCrypto pic.twitter.com/vcp8qa0mcD
— Michael del Castillo (@DelRayMan) July eight, 2018
Brin, who was a last-minute addition to the summit, mentioned that has been mining Ethereum along with his 10-years outdated son.
A 12 months or two in the past, my son insisted that we wanted to get a gaming PC. […] I advised him, ‘Okay, if we get a gaming PC, we’ve to mine cryptocurrency.’ So we arrange an Ethereum miner on there, and we’ve made a couple of pennies, a number of since.
Other than casually mining the world’s second largest cryptocurrency, Brin admitted that he doesn’t know lots about cryptocurrencies. But, he referred to their underlying know-how and its potential as “extraordinary”.
Apparently sufficient, the previous drummer of Weapons ‘n’ Roses, Matt Sorum, additionally spoke on the panel, highlighting the potential of blockchain to defend the mental property (IP) rights of artists. He reiterated on unauthorized and, subsequently, unpaid utilization of IP and urged for an answer, which might be supplied by blockchain-based know-how.
A consumer ought to be capable to personal content material in a manner that rewards the artist. When the blockchain got here alongside, I mentioned, this could occur. And the way in which it’ll work is thru sensible contracts.
Zero-Information Proofs are “Mindboggling”
Google’s co-founder additionally touched on one of many major privateness settings behind Zcash zerozero – zero-knowledge proofs. He mentioned that he finds them “mindboggling”.