Google LLC is making it easier for Web3 developers to get coding distributed blockchain applications with the launch of Blockchain Node Engine in Google Cloud, which hosts and deploys fully managed blockchain nodes in the cloud.
Blockchain technology is the basis of Web3, which is described as the next iteration of the Web, also known as the Decentralized Web, which allows applications to run on peer-to-peer networks instead of centralized services.
To do this, the blockchain nodes maintain a permanent history of the encrypted transactions that pass through the network. These nodes are constantly updated and kept in sync to maintain network integrity.
Self-hosting and managing a blockchain node gives Web3 developers instant access to on-chain transactions, reducing latency for decentralized applications, or dapps, and providing a host of benefits such as increased reliability, performance and security. Direct access to blockchain data makes it possible to quickly read and write data directly to the blockchain, design and deploy smart contracts, and monitor the health of dapps in real time.
By using the Blockchain Node Engine, Web3 developers can get all of these benefits without having to manually provision a node themselves. Usually, launching a node can be a time-consuming process, even when launched in the cloud, because a “full node” requires downloading the full history of a blockchain, which can take days. The Node Engine speeds up this process because it can reflect the current state of the blockchain and start syncing from there.
The node engine will start by supporting Ethereum as the first blockchain and allow developers to fully provision Ethereum nodes. Ethereum is the second largest blockchain by market capitalization, compared to bitcoin. According to a 2021 Electric Capital developer report, Ethereum retains 30% of full-time developers who joined Web3 projects after 2017 and continues to have the largest ecosystem of tools, applications, and protocols.
Ethereum developers will be able to take advantage of Google Cloud’s secure environment and prevent unauthorized access to nodes. With access to Google’s Virtual Private Cloud firewall, developers will be able to provide access only to trusted users and machines.
This news comes after Google Cloud announced the formation of a dedicated digital asset team focused on blockchain technologies. The launch of Node Engine is part of the team’s current initiatives to support the blockchain technology ecosystem for Google partners.
“While the world is still in the early stages of its adoption of Web3, this is a market that is already demonstrating tremendous potential with many customers asking us to increase our support for Web3 and crypto-related technologies,” Amit Zavery, vice president, general manager and chief platform officer at Google Cloud, said at the time.
This update to Google Cloud services follows Amazon Web Services’ addition of Ethereum nodes to its Amazon Managed Blockchain services in March 2021, which provides similar services. Using Ethereum nodes managed by AWS, developers can host blockchain ledgers and synchronize them with Web3 applications.
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