The former head of Google saw in Ethereum a huge potential | informnews
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The former head of Google saw in Ethereum a huge potential

The former head of Google saw in Ethereum a huge potential

Billionaire Eric Schmidt, who previously held the post of head of Google, said that Ethereum has a huge potential. This asset can be used not only as a payment instrument, but also as a blockchain platform with a large set of functions, quotes the words of the billionaire CCN.

Speaking at an online conference in San Francisco, Schmidt stressed that the potential of blockchain technologies is largely overestimated, but this product can not be underestimated either.

Today, blockchain is an excellent platform for bitcoin and other cryptocurrencies. This product can also be used to improve the security and transparency of banking operations,” said the former head of Google.

Schmidt believes that the Ethereum blockchain has such technical capabilities that will allow it to make a real revolution in society and business in the near future. A similar point of view was previously repeatedly expressed by the founder of The Ethereum cryptocurrency Vitalik Buterin. He stressed that the cryptocurrency network will become one of the most attractive for members of the crypto community after the speed of transactions through the platform grows along with its security.

Eric Schmidt is also known as a bitcoin supporter. Back in 2014, he stated that bitcoin is not only a digital currency, but also a whole technology focused on the use of the latest technological solutions. Schmidt, whose fortune exceeds 13.4 billion dollars, can be attributed to a few large financiers who have a positive attitude to cryptocurrencies.

Other Google executives, including cofounder Sergey Brin (Sergey Brin) and CEO Sundar Pichai (Sundar Pichai), most also have a positive attitude towards bitcoin and other digital assets. For example, Pichai’s 11yearold son is engaged in Ethereum mining.

A year or two ago, my son insisted that we buy a gaming computer, I told him well, we will install a gaming computer, but we will mine cryptocurrency“, – added the top Manager of Google.

It is worth noting that, according to Google Trends, the concept ofcryptocurrencyhas rapidly moved forward on requests in search services, whileblockchainhas slightly lost ground.

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