Home » Google Cloud Ethereum Blockchain Node Service Launch to Boost ETH Price

Google Cloud Ethereum Blockchain Node Service Launch to Boost ETH Price

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As blockchain technology grows in popularity due to its unique ability to move and store information, more and more organizations are looking for ways to incorporate the technology into their operations. Google Cloud has created one of the latest such news Google has launched its Blockchain Node Engine (BNE) service for Ethereum developers and projects.

according to CompanyGoogle Cloud Blockchain Node Engine helps Web3 developers create and deploy new Ethereum projects.

The first service includes node hosting for Web3 development on Ethereum, the second largest blockchain network. However, we plan to eventually expand access to other blockchain-based platforms as well.

Direct and fast node synchronization

Google claims this BNE offers fully managed node hosting services, reducing the need for node operations. This means developers no longer need to hire a team of individuals to monitor their nodes.

Instead, Google will monitor the node for rebooting via this BNE. As a result, the developer will be able to access her fully managed Ethereum node using secure blockchain access.

Directly reading and writing blockchain data and deploying smart contracts on Google Cloud also accelerate node synchronization.

main goal of Google cloud It’s about making node creation easier by providing a managed service. We also want to provide our clients with a secure development environment. The company believes that by outsourcing the heavy lifting, developers can focus on developing web3 applications.

Google’s interest in Web3 development

Google Cloud has worked to improve its systems with new technologies to prepare for a dynamic market.Google also announced partnership Earlier this month, we partnered with cryptocurrency exchange Coinbase Global to integrate a cryptocurrency payment system into our cloud service.

Additionally, the company announced in January that it was working to create a Digital Assets team for Google Cloud, demonstrating its commitment to expanding its reach to web3 projects.

What impact will the price of Ethereum have?

current price of ethereum is $1,587 with a 24-hour trading volume of $19 billion. In the last 24 hours, Ethereum has fallen more than 1% of his, but overall he is up more than 17%, with CoinMarketCap currently ranked No. 2 and his current market cap at $194 billion. is.

ethereum

Ethereum Price Chart – Source: Tradingview

Google Cloud Blockchain Node Engine will be the first to offer the Ethereum project, so the value of the cryptocurrency will definitely rise. More and more developers are using this product to reap the benefits of fast node synchronization. As a result, the ETH blockchain receives more work, increasing the value of the native token (ETH).

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