Google Cloud Launches Blockchain Node Engine Service, Ethereum Will Be First.
Google unveiled its brand-new Google Cloud Blockchain Node Engine on Thursday. Google state that “self-managed nodes are often difficult to deploy and require constant management.”, which is one of the reasons why they decided to launch the node engine service.
Google Unveils Blockchain Node Engine on the Cloud
The statement by Google shows the increasing focus that major IT companies are placing on blockchain, cryptocurrency, and Web3 projects. Google stated in their announcement that “Blockchain is transforming the way the world stores and moves its information.”
Google Cloud launching a blockchain node engine will simplify the difficulties of hosting a new node on your own hardware as well as the process of putting up a brand-new node.
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A node is a specific kind of computer that runs blockchain software to verify and store the transaction history on a network of blockchains. Only Ethereum nodes will be supported by Google at launch.
Crypto firms and Web3 service providers can use the Blockchain Node Engine offering, which is a “fully managed node-hosting service.” The new node engine service, which the company further described on Thursday, would support Ethereum, the second-largest crypto asset network by market cap.
According to the post, Ethereum is the first blockchain that Google supports. “Blockchain Node Engine is a fully managed service, which can mean you don’t have to worry about availability.”
Google Going In Web3
When Google started putting together a web3-focused team earlier this year, it seemed like a service like this was on the horizon. Google was said to be interested in creating hosted services for blockchain developers at the time.
The announcement comes after Google recently partnered with Coinbase to promote Web3 innovation “Web3 companies who require dedicated nodes can relay transactions, deploy smart contracts, and read or write blockchain data with the reliability, performance, and security they expect from Google Cloud compute and network infrastructure.”
Google started to natively offer statistics for Ethereum wallet balances also earlier this month. Google also revealed in January that it was establishing a Digital Assets Team for Google Cloud, demonstrating its dedication to creating Web3 projects.
Google also revealed in January that it was establishing a Digital Assets Team for Google Cloud, demonstrating its dedication to creating Web3 projects.