In short:
Nodes on a blockchain “form a peer-to-peer network
Blockchain Node Engine is “a fully managed node-hosting service that can minimize the need for node operations.”
Google has introduced a new engine as a resource for Web3 programmers.
It will facilitate the creation and distribution of products using blockchain-based systems.
Blockchain is “changing the way the world stores and moves its information,” according to an update from Google.
Building on their commitment to help Web3 developers build and deploy new products on blockchain-based platforms, the tech giant is pleased “to announce Google Cloud’s Blockchain Node Engine.”
As explained in the update, blockchains “consist of transaction data that is permanently stored and encrypted, acting as decentralized databases of sorts.” Instead of relying on a central entity to validate and store data, “the governing infrastructure of a blockchain is a node — a device, such as a computer, laptop, or server, that contains a full copy of the transaction history of the blockchain.” Nodes on a blockchain “form a peer-to-peer network, constantly exchanging the latest blockchain data so that all nodes stay in sync.”
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While self-managed nodes are often difficult to deploy and require constant management, Blockchain Node Engine is “a fully managed node-hosting service that can minimize the need for node operations.”
Web3 companies who require dedicated nodes “can relay transactions, deploy smart contracts, and read or write blockchain data with the reliability, performance, and security they expect from Google Cloud compute and network infrastructure.”
Ethereum will be “the first blockchain supported by Blockchain Node Engine, enabling developers to provision fully managed Ethereum nodes with secure blockchain access.”
With Blockchain Node Engine, Web3 organizations enjoy the following benefits:
Streamlined provisioning
Today, manually deploying a node is “a time-intensive process that involves provisioning a compute instance, installing an Ethereum client (e.g. geth), and waiting for the node to sync with the network.”
Syncing a full node from the first block (i.e., “genesis”) can “take several days.” Google Cloud’s Blockchain Node Engine can “make this process faster and easier by allowing developers to deploy a new node with a single operation, and specify the desired region and network (mainnet, testnet).”
Secure development
Customers that wish “to secure their blockchain infrastructures currently have a limited set of options in the market.” Blockchain Node Engine “offers security configurations that can help prevent unauthorized access to the nodes.”
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By placing nodes behind a Virtual Private Cloud firewall, “only trusted machines and users are able to communicate with client endpoints.” Additionally, other Google Cloud services “such as Cloud Armor can help protect nodes from DDoS attacks.”
Fully managed operations
Ensuring that blockchain infrastructure is “ready and available, typically means having a DevOps team on-hand to monitor the system and remediate problems during an outage.”
Blockchain Node Engine is “a fully managed service, which can mean you don’t have to worry about availability.”
Google Cloud actively “monitors the nodes and restarts them during outages as needed.”
By reducing the need for a dedicated DevOps team, and by offering Google Cloud’s service level agreement (SLA), Blockchain Node Engine “can let your team focus on your users instead of your infrastructure.”
Scaling Web3 innovation
As noted in the update:
“We look forward to supporting organizations with a reliable, easy-to-use blockchain node hosting service so they can focus their time on innovating and scaling their Web3 applications.”
Cloud’s Blockchain Node Engine, a new product from Google, was recently announced on one of the company’s official blogs. Blockchain technology is being used by corporations since it is said to revolutionize global data transmission and storage. Google has introduced a new engine as a resource for Web3 programmers. Moreover, it will facilitate the creation and distribution of products using blockchain-based systems.
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According to Google, managing nodes that are self-managed is challenging since they need to be constantly monitored. Furthermore, reducing the need for node operations is one of the goals of the new blockchain node engine. Moreover, the firm said that Ethereum will be the first blockchain to get support from the new engine.
Google Leaping Towards Web3
By using the new engine, Web3 businesses will have access to simplified provisioning, secure development, and fully managed operations. Google has said that the engine was created with the intention of freeing up developers to concentrate on things like creating new features and expanding the reach of existing ones.
Back in January, Google announced that they were putting up a team to provide services to blockchain developers. In the past, the internet behemoth had a negative outlook on the cryptocurrency sector, which is why it did not let crypto advertising on its site. But in June of last year, Google said that it was reconsidering the policy.
The Google Cloud division of the company said at the beginning of the year that it was assembling a group to assist its clients with their crypto requirements. It was reported that the exploration of cryptocurrency payment options was underway.
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