Ethereum

Google Cloud Supports Blockchain Node Engine In Ethereum

Google Cloud is launching a blockchain node engine, which the firm claims will simplify the process of launching a new node as well as the complexity of hosting it on your own hardware.

Google Cloud Supports Blockchain Node Engine In Ethereum 3

Blockchains are made up of transaction data that is permanently preserved and encrypted, thus operating as decentralized databases.

Instead of depending on a single institution to authenticate and store data, a blockchain’s governing architecture is a node – a device, such as a computer, laptop, or server, that stores a complete copy of the blockchain’s transaction history.

A blockchain’s nodes constitute a peer-to-peer network, continually sharing the most recent blockchain data to keep all nodes in sync.

Google Cloud Supports Blockchain Node Engine In Ethereum 4

According to the publication, Ethereum is Google’s first supported blockchain:

“While self-managed nodes are often difficult to deploy and require constant management, Blockchain Node Engine is a fully managed node-hosting service that can minimize the need for node operations.”

When Google began forming a Web3-focused team earlier this year, it looked that such a service was in the works. It was claimed at the time that Google was considering developing hosted services for blockchain developers.

Google began natively supporting statistics for Ethereum wallet balances earlier this month.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.