Google Cloud on Thursday announced Blockchain Node Engine – a fully managed service for Web3 developers looking to build and manage products for blockchain-based platforms. Ethereum will be the first platform supported by the new service.
“Blockchain is changing the way the world stores and moves its information,” Amit Zavery and James Tromans of Google wrote in a blog post, explaining the company’s interest in supporting developers. Web 3 development.
Blockchain Node Engine will allow developers to provision fully managed Ethereum nodes with secure blockchain access.
Also: Ethereum has upgraded to a new blockchain infrastructure. What does that mean for the crypto market?
To understand the service, you should review a few terms. First, Web3 simply refers to the next version of the World Wide Web – one based on decentralized platforms. Meanwhile, Blockchain is Bitcoin’s pioneering technology that could prove to be the foundation for Web3.
Blockchains consist of permanently stored and encrypted transaction data. Instead of relying on a central entity to authenticate and store data, a blockchain is made up of nodes – a device, like a computer or server, that holds a full copy of the blockchain’s transaction history. . The nodes on the blockchain form a peer-to-peer network, with all nodes updated and in sync. This allows everyone on the blockchain to control the authenticity of the data – making it a decentralized network.
Hierarchy is already a growing industry trendIT expert Dion Hinchcliffe wrote for ZDNET.
“Much of the critical data we need to run our businesses will increasingly be kept in more private and protected places, stored in blockchains and other types of distributed ledgers,” he wrote. “The increasing proportion of our applications over time will be more like open source projects and run on smart contracts that all stakeholders can transparently view, verify, and agree to.” White.”
However, Google notes that blockchain nodes are often difficult to deploy and require ongoing management – problems that the Blockchain Node Engine service is designed to solve.
With the Blockchain Node Engine, developers will be able to deploy a new node with a single operation, and they can specify the desired region and network. By comparison, manually deploying a node requires provisioning a desktop instance, installing an Ethereum client, and waiting for the node to synchronize with the network. “Synchronizing a full node from the first block (i.e. “genesis”) can take several days,” the Google blog post said.
To ensure availability, Google Cloud proactively monitors nodes and restarts them if there are any problems – DevOps teams don’t have to wait for downtime. The service also provides security guarantees, puts nodes behind VPC firewalls, and uses Google services like Cloud Armor to protect nodes from DDoS attacks.
