Tuesday, April 23, 2024

Google announced the launch of a blockchain service for developers

Blockchain Node Engine cloud platform will be available only for Ethereum network projects for now

Google announced the creation of a cloud service for blockchain developers Blockchain Node Engine. According to its creators, it is a fully managed node hosting service for decentralized networks. The first blockchain supported by the service will be Ethereum.

Web3 companies will be able to deploy smart contracts, read and write blockchain data using nodes located in the Blockchain Node Engine. While a full Ethereum node can take days to sync, Google’s engine promises to speed up and simplify the process, allowing developers to deploy a new node in a single operation.

Blockchain is transforming how information is stored and transmitted throughout the world. Today, we’re excited to introduce Google Cloud’s Blockchain Node Engine, which builds on our commitment to assist Web3 developers in creating and deploying new products on blockchain-based platforms.

Blockchains, which function as decentralized databases in a way, include transaction data that is permanently saved and encrypted. A node, which can be a computer, laptop, or server, houses a complete copy of the blockchain’s transaction history, serves as the system’s governing infrastructure rather than relying on a central authority to validate and store data. A peer-to-peer network of nodes on a blockchain regularly exchanges the most recent blockchain data to keep every node up to date.

Also, the platform team notes that the new service actively monitors the nodes and restarts them during failures as necessary. This should reduce the need for projects to hire a development team to maintain the network infrastructure.

Blockchain Node Engine is a fully managed node-hosting solution that can reduce the requirement for node operations, whereas self-managed nodes are frequently challenging to establish and necessitate continual management. For Web3 businesses that need dedicated nodes, Google Cloud compute and network infrastructure provide the dependability, performance, and security needed to relay transactions, deploy smart contracts, and read or write blockchain data.

Blockchain Node Engine will first support Ethereum, allowing developers to set up fully managed Ethereum nodes with secure blockchain access.

Two weeks earlier, it became known that Google would start accepting payments in cryptocurrency. Some customers will be able to pay for the company’s cloud services with digital assets as early as early 2023.

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