The cryptocurrency trading revolution exploded more than ten years ago and led to an almost unprecedented economic and financial earthquake. As a result, people are learning to change their approach to payment and investment systems, pushing up the price of many cryptocurrencies. Such a rapid change has not gone unnoticed on the boards of the world's major central banks. In fact, in an increasing number of countries, central banks are working on launching centralized digital currencies, known as CBDC. This…
NortonLifeLock (NLOK), an international leader in consumer Cyber Safety, announced on Wednesday morning the launch of Norton™ Crypto. It’s a new feature designed to enable consumers to safely and efficiently mine cryptocurrency using its trusted Norton™ 360 platform.
Vincent Pilette, CEO of NortonLifeLock, said that the crypto economy had become a more vital part of their customers’ lives. He added that they want to empower them to mine cryptocurrency with Norton, a brand they trust.
Norton 360, at its core an antivirus program, provides a password manager, a VPN, a cloud backup service, and, via LifeLock add-ons, an identity-theft-protection service. The Norton Crypto feature will include a coin miner and a cryptocurrency wallet.
The idea behind adding a cryptocurrency mining tool within the antivirus program was to keep customers safe from disabling their security to run digital coin mining software. This could lead to unwanted code running on a user’s system to take a piece of the earnings or planting ransomware.
Norton claims that its brand is a perfect fit as people looking to mine crypto won’t have to dig through the dark, scary parts of the web, where they could find “unvetted code. Norton Crypto provides a secure, reliable way for consumers to mine for Ethereum without opening themselves and their devices up to these pitfalls.
Customers can easily track and transfer earnings into their Norton Crypto Wallet, stored in the cloud, so they cannot lose their money due to hard drive failure.
According to the press release, select Norton 360 customers in Norton’s early adopter program will be invited to mine for Ethereum,” beginning June 3. Users may require specific PC hardware to use Norton Crypto. Norton Crypto will become available to all Norton 360 customers in the coming months.
Avoiding Barriers of Crypto Ecosystem
Norton Crypto allows customers to mine Ether, but they did talk of any other mining cryptocurrency. The company noted that it would first focus on top cryptos to enable its members to get the highest reward for their computing capacity.
Gagan Singh, chief product officer at NortonLifeLock, said that they were thrilled as the first consumer Cyber Safety company to offer coin miners the ability to safely and efficiently turn the idle time on their PCs into a chance to earn digital currency.
Singh added that their customers could mine for cryptocurrency with just a few clicks. This allows customers to avoid many barriers to entry into the cryptocurrency ecosystem.