EN
In the first part of the paper we discuss possible definitions of Fock representation of the *-Lie algebra of the Renormalized Higher Powers of White Noise (RHPWN). We propose one definition that avoids the no-go theorems and we show that the vacuum distribution of the analogue of the field operator for the n-th renormalized power of WN defines a continuous binomial process. In the second part of the paper we present without proof our recent results on the central extensions of RHPWN, its subalgebras and the $w_{∞}$ Lie algebra of conformal field theory. In the third part of the paper we describe our results on the non-trivial central extensions of the Heisenberg algebra. This is a 4-dimensional Lie algebra, hence belonging to a list which is well known and has been studied by several research groups. However the canonical nature of this algebra, i.e. the fact that it is the unique (up to a complex scaling) non-trivial central extension of the Heisenberg algebra, seems to be new. We also find the possible vacuum distributions corresponding to a family of injective *-homomorphisms of different non-trivial central extensions of the Heisenberg algebra into the Schrödinger algebra.