NortonLifeLock, a global cybersecurity company, has announced a new crypto mining option for its users, citing the growth of cryptocurrencies in the market. This feature will allow users to mine Ethereum, one of the most popular cryptocurrencies on the market, in a secure way.
The function, named Norton Crypto, was just unveiled in an official press release. It is intended to allow users to mine cryptocurrencies safely and easily utilising the Norton 360 platform, as well as keep their earnings in a cloud-based digital wallet to protect against hardware failure.
The CEO of NortonLifeLock Vincent Pilette said in a statement: “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.”
According to the company, crypto miners have had to risk disabling their security mechanisms and allowing "unvetted code" onto their machines in order to mine their cryptocurrency. Crypto miners' efforts have resulted in losses and massive ransomware outbreaks in the past. Furthermore, the majority of crypto miners keep their earnings in digital wallets on their local hard drives. As a result, if the hard discs fail, miners may lose access to their digital wallets.
Norton introduced the industry-first Norton Crypto feature to enable crypto miners to mine Ethereum safely and easily on their devices, citing these issues and potential threats. Norton Crypto, according to the company, is a safe and dependable alternative for people to mine cryptocurrency without risking themselves or their devices.
Users can now mine Ethereum, track their earnings, and transfer payments conveniently and securely using the Norton 360 antivirus software thanks to this feature. Users may also save their earnings in the Norton Crypto Wallet, which is a cloud-based digital wallet system, once they have mined the cryptocurrency. In the event of a hard drive failure, this avoids the risk of losing a digital wallet full of hard-earned cryptocurrencies.
“We are proud to be the first consumer Cyber Safety company to offer coin miners 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,” said Gagan Singh, NortonLifeLock's Chief Product Officer.
Norton Crypto is now accessible to a limited group of Norton 360 customers who signed up for the company's early adopter programme. In the following weeks, the company plans to make the function available to all of its users.