China’s Huawei Cloud Is Expanding The Web3 Market

Key Points:

  • Huawei Cloud advances Web3 by updating the Ethereum and TRON node engines, prioritizing privacy.
  • The Metaverse and Web3 Alliance by Huawei Cloud unites companies, gaining traction with 100+ partners.
  • Huawei’s Web 3.0 Node Engine goes live, supporting Ethereum and TRON, boosting global presence and Web3 growth.
With its latest developments, Huawei Cloud’s expansion into the Web3 market takes a significant step forward.
China's Huawei Cloud Is Expanding The Web3 Market 2

The cloud infrastructure branch of China’s tech giant, Huawei Cloud, recently announced updates to the Ethereum and TRON node engines.

Notably, the Ethereum stake operation instructions were revamped on August 3, underscoring Huawei Cloud’s commitment to blockchain users’ privacy by affirming the non-collection of blockchain addresses.

To drive collaborative growth in the sector, Huawei Cloud had previously established the Metaverse and Web3 Alliance in February. This alliance united various enterprises, including Morpheus Labs, DeepBrain Chain, Blockchain Solutions, and Polygon.

The initiative gained momentum when over 100 partners and major clients from the APAC region attended an exclusive event, underscoring its significance.

Huawei‘s Web 3.0 Node Engine Service (NES) marked a milestone as it went live on July 30th, offering support for Ethereum and TRON. This move is set to amplify TRON’s global influence and technical capabilities and stimulate its worldwide expansion.

The NES is poised to invigorate Web3 development and foster novel innovations in blockchain applications, aligning with Huawei’s vision.

Describing the Web 3.0 NES as a node engine platform, Huawei underscores its role in linking developers to leading blockchains such as TRON and Ethereum.

This platform streamlines blockchain network management, resource allocation, and verification while enhancing the stability, efficiency, and security of Web3 services.

As TRON focuses on Asia, particularly Hong Kong and Japan, integrating Huawei’s Web 3.0 NES simplifies network configuration, enabling TRON to deliver more efficient services to its vibrant community.

The partnership between Huawei Cloud and the Web3 ecosystem augurs well for the evolution of blockchain technology and its pervasive influence across industries.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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.

Recent Posts

Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance

George Town, Grand Cayman, 22nd November 2024, Chainwire

10 minutes ago

Inflation Warning By Vanguard Amid Tariffs And Labor Issues

Inflation Warning by Vanguard highlights risks during Trump’s term, citing tariffs and tighter labor markets…

26 minutes ago

Clanker Token Trading Volume Hits $59.8 Million High

Clanker token trading volume hit $59.8M on Nov 21, accounting for 14.75% of PumpFun. Fee…

54 minutes ago

Bitcoin Spot ETF Inflows Hit $1 Billion Led By BlackRock

Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s…

1 hour ago

New York Techie Bagged $72M from $15K Investment in Ethereum — Here’s How BlockDAG Can Offer Similar Jackpot

Discover the success story of a New York tech entrepreneur who made $72M from a…

2 hours ago

Best Altcoins to Buy Today: Qubetics Rides 1000x Potential to Hit $2.6M, Ethereum Stays Rangebound, Tron USDT Transactions Hit $52B

Discover the best cryptos to buy and hold today: Qubetics leads with 1000x potential, Ethereum…

4 hours ago

This website uses cookies.