NortonLifeLock, the cybersecurity firm behind the Norton cybersecurity software, has launched a tool called Norton Crypto that will enable users to safely mine Ethereum through its Norton360 antivirus tool. This is a major boost for its 13 million-plus users since they can now enjoy the privilege of being able to mine Ethereum and earn rewards besides using the cybersecurity tool.
Starting June 3, NortonLifeLock plans to start by inviting a few selected Norton360 antivirus users to join Norton’s early adopter program for Ethereum mining after which the firm will open the mining service to all the Norton360 users.
The beauty of it is that Norton says that the users will be able to mine Ethereum while the antivirus is still running on their computers. One will not be required to switch off the antivirus to mine.
While speaking to CNN Business, the firm also said it has plans to support the mining of other cryptocurrencies in the future to give its users a chance of earning high rewards through their computers.
“While the company will start slow, with a focus on helping customers safely mine Ethereum, NortonLifeLock is considering adding reputable crypto currencies in the future.”
NortonLifeLock is the first cybersecurity firm to offer crypto mining services
Vincent Pilette, the firm’s chief product officer, expressed pride in the cybersecurity firm being the first of its kind to offer cryptocurrency mining services.
He said, “To safely and easily turn the idle time on their PCs into an opportunity to earn digital currency.”
The firm also said that it shall offer superior security features compared to the existing mining protocols.
It stated, “For years, many coinminers have had to take risks in their quest for cryptocurrency, disabling their security in order to run coinmining and allowing unvetted code on their machines that could be skimming from their earnings or even planting ransomware.”
Miners to receive their earnings into their Norton’s cloud-based wallets
This is an effort by the cybersecurity firm to eliminate the risk of wallet hacks or wallets being lost due to a hardware drive failure.