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Top Crypto News Today: Google launches cloud-based Blockchain Node Services for Web3 developers

Top Crypto News Today: Google launches cloud-based Blockchain Node Services for Web3 developers

The implications of crypto and blockchain technology are only getting bigger as we move closer to a world of Web3. It is safe to say that blockchain is revolutionizing the way we move and store information. Massive adoption of the crypto assets and the various real-world solutions it provides have garnered various tech giants to also dip their roots into crypto. From Samsung to MicroStrategy, everyone is exploring the crypto space to make a compatible future.

Walking down the same lane of information, Google has now announced its cloud-based blockchain node services for Ethereum! This step highlights the ever increasing amount of attention Google is providing to the blockchain, crypto and Web3 ecosystem. On Thursday, Google took to their blog to announce, Building on our commitment to help Web3 developers build and deploy new products on blockchain-based platforms, today we’re thrilled to announce Google Cloud’s Blockchain Node Engine. 

Earlier in October, Google announced that it will now be able to receive crypto payments using its integration with crypto exchange Coinbase; an initial step towards its commitment to “building in Web3 faster and easier”. 

What is a Node?

In simple terms, nodes on a blockchain form a peer-to-peer network that is constantly swapping the latest blockchain information or data so that all nodes are able to stay in sync.

What is Blockchain Node Engine?

Talking about the self-managed nodes which are often a tad bit difficult to deploy as it require constant management, the Blockchain Node Engine from Google is a fully managed node-hosting service and also minimizes the need for node operations. 

Any Web3 organization that requires dedicated nodes can reroute their transactions, deploy smart contracts, and read or write blockchain data with the reliability, performance, and security they expect from Google Cloud computing and network infrastructure! 

According to the announcement, Ethereum is going to be the first blockchain supported by Blockchain Node Engine. This will help in enabling developers to provide fully managed Ethereum nodes with secure blockchain access.

Benefits of Blockchain Node Engine

Integrating the Blockchain Node Engine, Web3 organizations will be able to enjoy the following benefits:

Other Projects on Web3 from Google: mentioned in one of its news back in February, Sundar Pichai, the CEO of Google and its parent company, Alphabet Inc. said, “Blockchain is such an interesting and powerful technology with broad applications. As a company, we are looking at how we might contribute to the ecosystem and add value.”

Source: CoinDesk

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