To end October with 20% 7D gains and record ETH short liquidations, Ethereum (ETH) was on an absolute tear. Google, a subsidiary of Alphabet Inc., has released Blockchain Node Engine, which includes Ethereum compatibility.
Google offers a fully managed node-hosting facility for Web3 developers in Blockchain Node Engine. According to Google Cloud, Cloud for Web3 enables blockchain developers to:
Build and scale Web3 projects more quickly with easy-to-use, secure tools and infrastructure. Obtain co-selling and expansion options, such as marketplace advertising, and help for on- and off-chain governance.
A blockchain development environment, the host, and Google Cloud’s strength, dependability, and resources could prove to be a winning combination for future Web3 projects.
How Ethereum Could Be Changed by Google Cloud?
The new blockchain node engine has simpler node deployment with real-time data and insights from Google Cloud, low latency networking that can scale effortlessly as developers require it, and proprietary digital asset protection.
Additionally, Google’s node engine offers streamlined Ethereum node syncing with only one step. In contrast, syncing a node at the moment is a challenging task that can take days.
Amit Zavery and James Tromans from Google discussed Web3 development in a blog post they wrote:
Having a DevOps staff on standby to monitor the system and fix issues during an outage is often required to ensure that blockchain technology is prepared and accessible. Due to the fact that Blockchain Node Engine is a fully managed service, you can stop worrying about availability. The nodes are actively monitored by Google Cloud, which restarts them as necessary during outages.
Tromans added:
To enable developers to innovate more quickly, we are creating fundamental primitives. As a result, Blockchain Node Engine is concentrated on [many] developer use cases, such as creating smart contracts and reading and writing to the blockchain. The use cases for each developer will determine how they employ their fully managed, dedicated blockchain node engine architecture.
Corporate Crypto Adoption Will Rise in 2022
Google Cloud established a partnership with Coinbase earlier this month in order to start taking cryptocurrency payments. In the meantime, Alphabet’s Chief Business Officer cited a decline in crypto advertisers in Q3 twice in a recent Q3 earnings call.
In 2022, numerous new corporate incumbents—including Walmart and Fidelity Investments—started embracing and incorporating blockchain.
Alphabet Inc. entered the fight in Q4.
Without a doubt, Alphabet’s entry into the blockchain industry is extremely bullish both for the long term and the immediate future. A Silicon Valley and Wall Street large data company’s time, attention, efforts, and expertise undoubtedly validate the long-term possibilities of Ethereum in particular and cryptocurrencies in general.
