The cybersecurity firm Norton will allow users to mine Ether
Norton announced that it had launched Norton Crypto, a program that allows consumers to safely and easily mine cryptocurrency via the Norton 360 platform. The company said users can now mine Ether (ETH) with the software, allowing them to enjoy cryptocurrency mining without sacrificing security.
Vincent Pilette, CEO of NortonLifeLock, said in a blog post that “As the crypto economy continues to become a more important part of our customers’ lives, we want to empower them to mine cryptocurrency with Norton, a brand they trust. Norton Crypto is yet another innovative example of how we are expanding our Cyber Safety platform to protect our customers’ ever-evolving digital lives.”
The company said it is the perfect brand to help people mine cryptocurrencies. It claims that with its software, people looking to mine cryptocurrencies don’t have to go through the dark, scary parts of the web, where they could gain access to unvetted codes that could harm their devices.
Norton added that until now, people had to disable their security software before they can mine cryptocurrencies, making it challenging for them. The company said it would store users’ cryptocurrency wallets in the cloud using its Norton Wallet. Norton will also add functionality that allows people to withdraw their cryptocurrencies to Coinbase.
At the moment, the program will support only Ether. However, Norton intends to expand to other cryptocurrencies soon. Gagan Singh, chief product officer at NortonLifeLock, said, “We are proud to be the first consumer Cyber Safety company to offer coinminers the ability to safely and easily turn the idle time on their PCs into an opportunity to earn digital currency. With Norton Crypto, our customers can mine for cryptocurrency with just a few clicks, avoiding many barriers to entry in the cryptocurrency ecosystem.”
Some experts have questioned this move as the Ethereum network is moving to a proof-of-stake protocol soon. When that happens, Ether will no longer be mined, and the Norton software might not be useful to mining-related consumers anymore.