Google’s pro-crypto initiatives continue with the release of a blockchain node engine that supports Ethereum.
Ethereum was on a tear in October, finishing with 20% 7D gains and record ETH short liquidations. Alphabet Inc.’s Google recently unveiled Blockchain Node Engine with Ethereum support, adding to the Web3 blockchain’s tailwinds.
Google boasts a fully managed node-hosting service for Web3 developers in Blockchain Node Engine. Cloud for Web3 is marketed by Google Cloud as a way for blockchain developers to “build and scale faster with simple, secure tools and infrastructure for Web3.”
Get co-selling and growth opportunities, such as Marketplace promotion and support for on- and off-chain governance.” The power, resources, and dependability of Google Cloud, combined with a blockchain development environment and the host, could prove beneficial.
How Google Cloud Could Shake up Ethereum?
The new blockchain node engine features low latency networking that can scale as developers require, proprietary digital asset security, and simplified node deployment with real-time data and insights from Google Cloud.
Furthermore, Google’s node engine supports Ethereum node syncing with a single operation.
Currently, synchronizing a node is a complex process that can take days.
Increasing Corporate Adoption of Crypto in 2022
Several new corporate incumbents have begun integrating blockchain in 2022, including Walmart and Fidelity Investments. In the long term and near term, Alphabet’s entry into the blockchain sector is extremely bullish. Ethereum in particular and cryptocurrency in general are certainly validated by the attention, efforts, and talent of a Silicon Valley and Wall Street big data giant.