If you weren’t sure what Nvidia CEO Jensen Huang is doing regarding the upcoming move from Ethereum to Proof-of-Stake, there is no need to question it any further. Huang is clearly optimistic about Ethereum’s future. In an online-only Computex event, he asked himself a variety of questions ranging from his thoughts on the Metaverse to global semiconductor shortages.
Huang: A “reasonable cop perspective”
Jensen Huang’s comments on Ethereum in particular showed great optimism. When asked about crypto and the supply and demand restrictions on Nvidia products in general, Huang was clearly delighted. “The reason Ethereum chose our GPUs is because it’s the largest network of distributed supercomputers in the world. It’s programmable. When Bitcoin first came out, it was using our GPU, ”he said. “Am I excited about the stake evidence? The answer is yes, ”added Huang. “On the way to this transition, it has now turned out that Ethereum will be very valuable.” He went on to discuss a new Nvidia product, CMP, that can appeal to the crypto mining consumer and facilitate GeForce supply to bring more GeForce products to gaming consumers.
For Huang, however, there was still subdued optimism. When asked later in the session about limiting hash rates in the future, Huang shared more perspectives on his thoughts on crypto. “I believe cryptocurrencies are here to stay. It’s a legitimate way that people want to share values, ”he said. “More importantly, in the future, Ethereum and other similar forms are excellent distributed blockchain methods for securing transactions.” Huang added, “Cryptocurrency will stay here to stay. Ethereum may not be as hot as it is now. In a year it can cool down a bit. But I think crypto mining is here to stay. “
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More from the area of questions …
The Nvidia CEO made some other interesting comments as well. When asked about virtual worlds, he said that in his opinion there would be a time when there would be “a bigger market, a bigger industry, more designers and creators designing digital things in virtual reality” than there would be designers in of today’s physical world.
He also used the press opportunity to introduce Nvidia’s newest facility, “Voyager,” which is said to house over 3,000 company employees, which Huang described as “a city in a building.”
Huang also shared his excitement over the success of the RTX 30 series, the company’s growing corporate business, and the future of AI. What’s next for Nvidia’s spurring growth? Huang and his company clearly have a number of ideas, and crypto mining is clearly at the forefront.
Nvidia's Jensen Huang is cautiously optimistic about Ethereum's popularity in the next year. | Source: ETH-USD on TradingView.com
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