Sergey Brin, Co-founder of Google says He is an Ethereum Miner

Nishanth Shetty

July 11, 2018 12:24 pm

Ethereum News

Sergey Brin, Co-founder of Google says He is an Ethereum Miner | Coindelite News
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Recently, at this year’s Blockchain Summit, Google Co-founder, Mr. Sergey Brin unveiled that he mines Ethereum with his son. He also continued talking about the potential of zero-knowledge proofs which the underlying privacy option provided by Zcash.

Mr.Brin spoke at the Blockchain Summit- an annual event which is hosted by Richard Branson on July 8. He revealed that he has been mining Ethereum with his 10-years old son.

He revealed:

“A year or two ago, my son insisted that we needed to get a gaming PC. I told him, ‘Okay if we get a gaming PC, we have to mine cryptocurrency.’ So we set up an Ethereum miner on there, and we’ve made a few pennies, a few dollars since.”

Brin admitted that he has no great knowledge about the cryptocurrencies. He considered the underlying technology and its possibility as extraordinary.

Matt Sorum, the former drummer of Guns ‘n’ Roses, also spoke at the summit through mentioning the potential of blockchain technology for defending the intellectual property (IP) rights of artists. He highlighted the unpaid usage of IP and requested for a solution which could come from the blockchain technology.

Mr. Matt Sorum told:

“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.”

Mr.Brin continued talking toward main privacy settings behind Zcash $159. 53 (-2.99%) – zero-knowledge proofs. He told they are “mindboggling.”

Zero-Knowledge proofs can be used for validating a transaction valid even without revealing the transactions for the main chain’s nodes. It is the significant difference between the privacy provided by Zcash and Monero that acts for covering transactions instead.

Neha Nerula who is the Director of the MIT Media Lab‘s Digital Currency Initiative is also impressed with zero-knowledge proofs technology.

Neha told:

Basicallly, 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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