In the latest crypto news, we have the CTO of Coinbase named Balaji Srinivasan, with his confident statement that crypto is entering the tech mainstream. The technical officer at Coinbase and prominent venture capital investor said:
“Sundar Pichai & Sergey Brin’s sons are both mining crypto; Facebook is doing blockchain; Square open sourced some nice cold storage code; Microsoft, Amazon, Google Cloud all have blockchain efforts; crypto is entering the tech mainstream.”
If we dump the fact that crypto has corrected by 73% from its all time highs, we can see that since early 2018, the cryptocurrency market, Bitcoin and blockchain sector have both shown significant progress in terms of institutializing an emerging asset class, improving the market structure as well as strengthening the underlying technologies of cryptocurrencies.
The awareness for blockchain is also increasing. As a data processing technology, the blockchain enables the segregation and storage of data in a series of blocks in a peer-to-peer process. To better understand the need for this technology and its nature, a lot of institutions, tech conglomerates and enthusiasts started to mine cryptocurrencies that support major blockchain networks.
Recently, we reported that the co-founder of Google, Sergey Brin and the CEO of the company, Sundar Pichai, stated that their sons have been mining ETH which is Ethereum’s blockchain protocol’s cryptocurrency.
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