Ethereum [ETH] mining: After Sacramento Kings now its Google’s co-founder

As reported by Michael del Castillo from the 2018 Blockchain Summit, Sergey Brin, co-founder of Google, is mining Ethereum [ETH] with his ten-year-old son. The summit took place at Sir Richard Branson’s hotel, the Kasbah Tomadot, in Morocco.

Sergey Brin is the ninth richest man on earth, with an estimated net worth of $52 billion. He is a computer scientist and internet entrepreneur who, alongside Larry Page, founded Google.

He referred to the potential of zero-knowledge proofs as “really mind-boggling.” Proofs are one of the essential privacy settings behind Zcash, that show the accuracy of a transaction without the transaction data being exposed to the nodes. 

According to Eva Kaili, an EU Member of Parliament, Brin spoke about the authentication of records and the potential of blockchain technology as having a great future in terms of technological advancements.

In addressing apps that positively impact the way we live today, Brin said:

“Every month, there are stunning new applications and transformative new techniques… We are truly in a technology renaissance, an exciting time where we can see applications across nearly every segment of modern society.”

Lately, Influential leaders have been making their way into the cryptocurrency world. Recently it was announced that Sacramento Kings, the American professional basketball team would also be mining Ethereum for a charitable programme called “MiningForGood”.

Matt Sorum, the former drummer of Guns n’ Roses, spoke about the ability of blockchain technology in defending the intellectual property of artists as well. Sorum referred to blockchain technology as “rebellious” and “very rock and roll.” Sorum went on to say:

“A user should be able to own content in a way that rewards the artist. When the blockchain came along, I said, this can happen. And the way it will work is through smart contracts.”

Neha Narula, Director of the Digital Currency Initiative at MIT Media Lab, too expressed support for zero-knowledge proofs being blockchain solutions in the future. Narula said:

“Basically, you will be able to prove that something is true, without revealing the reasons for why it’s true. So to prove you’re 21, you don’t have to show the official documentation that you’re 21. Zero-knowledge proofs are going to be very transformative in the next few years.”

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