- Jensen Huang declares that cryptocurrencies would stay ‘for a long time’.
- Continuous use of ‘low friction’ cryptocurrency is responsible for this.
NVidia: Jensen Huang, the CEO of NVidia, a manufacturer of computer hardware, told the media in an interview on 29th March that major cryptocurrencies “will be here for a long time.” Huang claims that persistent and continuous use of cryptocurrencies would ensure that Bitcoin, as well as other cryptocurrencies, endure in the long term. Huang forecasted:
“The ability for the world to have a very low-friction, low-cost way of exchanging value is going to be here for a long time – Blockchain will be here for a long time.”
Nvidia greatly focused on the Bitcoin mining trend since the past year, this is because a lot of consumers and requisite powers are getting on-board as part of the network.
Nvidia share rose 100 percent in 2017, and a report has it that this year could be a halcyon year for Nvidia. However, reaction came in this month after a competition from China caused Susquehanna, a Wall Street firm, to forecast a down growth for Nvidia. Notwithstanding, Nvidia remains distinctly buoyant.
“The reason why cryptocurrency became such a popular thing on top of our GPUs is our GPUs is the world’s largest installed base of distributed supercomputing.”
“Blockchain requires cryptography and the ability to have a public ledger that is completely immutable, perfectly safe, distributed all over the world. Our processor serves as the perfect processor to enable this supercomputing capability to be distributed. And that’s the reason why it’s used.”
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