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Google (GOOGL) is not shying away from blockchain technology this month. Just over two weeks after announcing a Coinbase partnership, the technology giant has revealed plans to host blockchain nodes.
The Blockchain Node Engine is a fully managed service that allows developers to quickly and easily deploy nodes – the computers that support a crypto network.
The service will initially be available on the Ethereum (ETH) blockchain. But GOOGL has not clarified whether it will expand to other cryptocurrency networks.
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Fully managed nodes
Nodes are an integral part to blockchain technology. These computers make up the peer-to-peer network that exchanges data and keeps the blockchain in sync. Larger amounts of nodes will lead to a more scalable, decentralised and secured network.
However, setting up nodes is a complex and time-consuming process. It involves installing the Ethereum software and syncing with the network.
Meanwhile, Google said: “Blockchain Node Engine can make this process faster and easier by allowing developers to deploy a new node with a single operation.”
This engine was designed for Web3 companies to easily enter the market and deliver their services. It enables them to “deploy smart contracts, and read or write blockchain data with the reliability, performance and security”.
Google’s Web3 presence
This node engine is an addition to a wealth of different Web3 services offered by Google Cloud. They are split into three different categories, scalability, security and efficiency. According to Google:
“Web3 companies and projects choose Google Cloud because it’s faster and easier to get things done. Reduce the need for infrastructure maintenance, custom tooling, and operations.”
Companies using these services include Sky Mavis, which is behind axie infinity (AXS), along with the market intelligence platform Nansen.
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