Morocco is currently hosting the block-chain summit in which Billionaire and Google co-founder Sergey Brin spoke as a panelist on emerging block-chain technologies. The billionaire who happens to be the president of Alphabet Inc., which is Google’s parent company, revealed that he was an Ethereum miner. The fascinating thing about it is that he revealed that he usually involved his 10-year-old son in the mining process. During the talk, he also termed the zero-knowledge proof concept as mind-boggling. This concept is used by crypto-currencies like Zcash to facilitate privacy. This way, users can keep their transaction information private while still having the network secured on a public ledger.
The Morocco summit a lot of individuals of note, with some of the other panelists being CEO of lightening labs Elizabeth stark, and MIT media lab director, Neha Narula. The lightning labs CEO spoke in glowing terms of her company’s ability to enable high volume transactions on the back of the existing block-chain security.
Sergey Brin in his part admitted to not knowing much about the crypto markets but found the potential of the technology to be extraordinary. Brin clarified his son’s involvement in his ethereum mining by stating that his little son got him interested in crypto mining in the first place. His son had insisted on the purchase of a gaming PC which he obliged. As soon as he bought the PC, they started using it for ethereum mining and have so far made a few dollars.
Despite all these authoritative personalities revealing an admiration for crypto-currencies and giving the industry a positive outlook, crypto related ads are still banned on major search engines like Google. Hope was however restored with Facebook lifting a similar ban and allowing preapproved advertisers to advertise on the platform. It is encouraging for crypto enthusiasts when they see major companies researching on crypto-currencies in the view of incorporating the technology in their various platforms.
