• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Tuesday, July 15, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto Ethereum

Nvidia’s CEO finds Proof of Stake concept interesting

by Meenal Sharma
June 13, 2021
in Ethereum
Reading Time: 2 mins read
0
Nvidia’s CEO finds Proof of Stake concept interesting
TwitterWhatsappLinkedin

While the volatility in the crypto market is making people anxious in trusting cryptocurrency. Nvidia’s CEO has given some bold confident statements about the blockchain. In an Interview with Venturebeat’s Dean Takashi, Jensen Huang expressed his support and interest in the blockchain.

You might also like

Ethereum Co Founder-Backed SharpLink Bolsters ETH Reserves with $30M Buy

Institutional Wave: BlackRock Now Holds 1.5% of All Ethereum

GameSquare Accelerates with $100M Ethereum Treasury Strategy, Stock Soars 60%

Nvidia CEO | TechCrunch
Image credits: Tech crunch

He said in the current scenario people trust the blockchain and see it as a credible and reliable way of investment. He said it is a great time for Proof of stake and elaborated further, “Am I excited about proof of stake? The answer’s yes. I believe that the demand for Ethereum has reached such a high level that it would be nice for either somebody to come up with an ASIC that does it or for there to be another method,” – the Nvidia CEO told VentureBeat.

Proof of stake is a big technical measure where the Ethereum community is moving towards a consensus mechanism. It is a step up as the company wants to scale Ethereum via Eth2 upgrades. To become a validator the person will have to bet some of his/her ethereum. They will be responsible for the same thing as Bitcoin miners are.

The upgrade to blockchain will come with many benefits. Some of which are better energy consumption, lower barriers to entry, less hardware requirement, stronger immunity to centralization, stronger support for shard chains.

Huang went on to praise the blockchain, Ethereum, “It’s now established that Ethereum is going to be quite valuable. There’s a future where the processing of these transactions can be a lot faster, and because there are so many people built on top of it now, Ethereum is going to be valuable.”

Ethereum has generated the interests of any people and is no being seen with interests by all in markets. Along with developments in blockchain technology like NFTs and Virtual Real estate, the new upgrade might take this to a whole new level.

Tags: cryptocurrencyEthereumEthereum blockchainNvidiaNvidia CEOproof of stake
Tweet54SendShare15
Previous Post

How to FaceTime on Android and Windows

Next Post

Person of Indian Origin charged for Atlanta hospital cyberattack

Meenal Sharma

Meenal Sharma is a Journalism and mass communication student. She is a deadline-oriented journalist with a passion for telling unique stories. She understands the impact of words and strives to deliver factual recollection of events. Meenal is currently working as an intern at Techstory and can be reached at [email protected] For Editorial/article enquiries on Techstory please reach us at [email protected]

Recommended For You

Ethereum Co Founder-Backed SharpLink Bolsters ETH Reserves with $30M Buy

by Anindya Paul
July 15, 2025
0
Ethereum

SharpLink Gaming (Nasdaq: SBET), led by Ethereum co founder Joseph Lubin, has made headlines again by purchasing 10,000 ETH—worth roughly $30 million today—directly from the Ethereum Foundation. This OTC...

Read more

Institutional Wave: BlackRock Now Holds 1.5% of All Ethereum

by Anindya Paul
July 10, 2025
0
BlackRock

BlackRock, the world's largest asset manager, has quietly accumulated Ethereum (ETH), owning around 1.5% of the total supply—indicating some institutional confidence despite market uncertainties. BlackRock's Plan to Accumulate...

Read more

GameSquare Accelerates with $100M Ethereum Treasury Strategy, Stock Soars 60%

by Anindya Paul
July 9, 2025
0
GamesSquare

GameSquare Holdings took Wall Street by surprise this week. The company’s stock jumped a staggering 58.8% on Tuesday and extended gains to 6.5% in after-hours trading—highlighting growing investor...

Read more
Next Post
Person of Indian Origin charged for Atlanta hospital cyberattack

Person of Indian Origin charged for Atlanta hospital cyberattack

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?