Tuesday, February 7, 2023
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Google Launches Node-hosting Service with Support for Ethereum

by Pratik Bhuyan
October 27, 2022
in Cryptocurrency
Reading Time: 3 mins read
A A
0
Home Cryptocurrency
Share on FacebookShare on Twitter


To make things easier for the Ethereum developers & projects, Google announced its cloud-based node engine service, this Thursday.

Blockchains usually rely on networks of nodes or in some instances on computers, that run designated software to confirm transactions & store historical data. These nodes run programmatic codes for various crypto networks and act as an essential building block for the Web3 ecosystem to function properly. The more nodes a network has, the more scalable, trustworthy, secure & decentralized it will be. 

Officially called the “Blockchain Node Engine”, the new offering from Google will allow creators & developers to rely on Google Cloud to produce a new node, which will make the whole process a lot easier, quicker & safer. The service will be fully managed by Google, therefore removing the pain of hiring a separate team to maintain & monitor the nodes. According to Google, “it actively monitors the nodes and restarts them if anything goes wrong”.

Addressing Core Challenges

The two principal challenges the Blockchain Node Engine will address are the time it takes to deploy a node and the egregious task of keeping it up & running.

“Blockchain Node Engine reduces these pain points, and furthermore affords developers complete control over where their nodes are deployed.”

The new service from Google also includes numerous security features like Google’s Cloud Armor, which is built & designed to stop denial-of-service (DDOS) attacks that jam & slow down the networks. Also, customers can now select where their nodes are deployed geographically.

Concerns for Centralization

However, the launch has met with some amount of skepticism as well. People have raised concerns about centralization which can be a direct result of the node engine service. Google officials are reportedly aware of the issue & they don’t have any intentions of taking over the whole of Web3. 

Google’s Interest in Blockchain

Back in January of this year, Google termed Blockchain technology as a “tremendous innovation” & had shared their intentions of developing node validators that could be deployed as a service by blockchain projects. With growing interest, Google has built a core team of experts who are looking into blockchain-centric services & tools which are slated to launch in the coming years.

Currently, Google is only supporting the Ethereum network at launch but has intentions to expand its Node-hosting service to other notable networks in the future.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.



Source link

Tags: EthereumGoogleLaunchesNodehostingservicesupport
Previous Post

Rent Growth Has Peaked—And Could Start Declining

Next Post

US Q3 Real GDP At 1.8% YoY, GDP Price Index Falls To 4.1% YoY As M2 Money Crashes Most In History (UST 10yr – 3mo Yield Curve Inverts) Heating Oil UP 162% Under Biden

Related Posts

Will Bitcoin See A Valentine’s Day Massacre Or Can Bulls Get Back To $24,000?

by Reynaldo Marquez
February 7, 2023
0

The price of Bitcoin has returned to sideways action following a massive rally from its yearly lows at around $16,400....

Genesis and Gemini Reach Agreement in Principle

by Tom Carreras
February 7, 2023
0

Key Takeaways Genesis, Digital Currency Group, and Gemini announced yesterday they had reached an agreement in principle. The restructuring plan...

WazirX To Take This Action Against Binance Exchange

by Pratik Bhuyan
February 7, 2023
0

Since the bear market of 2022, the largest cryptocurrency exchange in the world, Binance, and India’s top crypto exchange, WazirX,...

Turkish watchdog stretches rules and allows crypto wallets to collect aid

by Zeynep Geylan
February 7, 2023
0

A Turkish singer known for his charitable personality, Haluk Levent, reached out to the country’s financial watchdog (MASAK) and convinced...

Binance to Suspend USD Bank Transfers from Wednesday

by Arnab Shome
February 7, 2023
0

Crypto exchange giant, Binance is suspending US dollar deposits and withdrawals using bank transfers on its global platform from Wednesday....

Central Bank of Argentina to Issue New 2,000 Peso Bill as Inflation Keeps Rising – Economics Bitcoin News

by Sergio Goschenko
February 7, 2023
0

The Central Bank of Argentina has announced the issuance of a new 2,000 peso bill, aimed at easing the burden...

Next Post

US Q3 Real GDP At 1.8% YoY, GDP Price Index Falls To 4.1% YoY As M2 Money Crashes Most In History (UST 10yr – 3mo Yield Curve Inverts) Heating Oil UP 162% Under Biden

U.S. GDP accelerated at 2.6% pace in Q3, better than expected as growth turns positive

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Spirit Aero experiencing disruptions in supplying parts for 787, A350 programs By Reuters

February 7, 2023

Aid to quake-hit Syria slowed by sanctions, war’s divisions

February 7, 2023

Auto insurance is up by more than 15% this year in some states

February 7, 2023

Dividend Aristocrats In Focus: Target Corporation

February 7, 2023

Earthquake death toll surpasses 5,100; 3-month state of emergency in Turkey

February 7, 2023

Will Bitcoin See A Valentine’s Day Massacre Or Can Bulls Get Back To $24,000?

February 7, 2023
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Spirit Aero experiencing disruptions in supplying parts for 787, A350 programs By Reuters

Aid to quake-hit Syria slowed by sanctions, war’s divisions

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In