Google Introduces Blockchain Engine to Boost Ethereum Services

    Pathik Bhattacharya
    Pathik Bhattacharya
    Published on November 2, 2022 11:37 AM

    Updated on January 25, 2023 5:30 PM

    Blockchain Node Engine will support Ethereum as its first supported blockchain, allowing developers to set up fully managed Ethereum nodes with secure blockchain access.
    Google Introduces Blockchain Engine to Boost Ethereum Services

    As we approach closer to a Web3 future, the implications of crypto and blockchain technology only are expanding. The way we transport and store information is changing as a result of blockchain technology.

    Recently, the IT giant Google said on Thursday that a cloud-based node engine for Ethereum applications will be released.

    According to the firm, Google Cloud Blockchain Node Engine will be a "fully managed node-hosting solution that can eliminate the requirement for node operations," which means Google would be in charge of watching over node activity and restarting them when there are breakdowns.

    The statement by Google shows the increasing focus that major IT companies are placing on blockchain, cryptocurrency, and Web3 projects. Google stated in their announcement that "Blockchain is transforming the way the world stores and moves its information."

    To accept cryptocurrency payments for its cloud services, Google created a relationship with cryptocurrency exchange Coinbase earlier this month. In addition, Google Cloud and BNB Chain launched cooperation in September to foster the development of early-stage Web3 firms.

    Google also revealed in January that they are going to establish a Digital Assets Team for Google Cloud, demonstrating its dedication to creating Web3 projects.

    What is Blockchain Node Engine?

    The Google Blockchain Node Engine is a fully managed node-hosting solution that reduces node operation requirements. Any Web3 enterprise that needs dedicated nodes can switch the direction of their transactions, implement smart contracts, and read or write blockchain data with the dependability, performance, and security they anticipate from Google Cloud computing and network infrastructure.

    The first blockchain that Blockchain Node Engine will support is Ethereum. This will make it easier for developers to give fully controlled Ethereum nodes safe access to the blockchain.

    Significance of Blockchain Node Engine

    Web3 companies can gain the following advantages by integrating the Blockchain Node Engine:

    Streamlined provisioning

    Manually deploying a node in the genesis block would take several days. This process can be improved and made simpler by Google Cloud's Blockchain Node Engine, which enables programmers to deploy a new node with a single operation and to define the preferred network and area (mainnet, testnet).

    Secure development

    By placing nodes behind a Virtual Private Cloud firewall, only trusted machines and users can communicate with client endpoints.  In addition, other Google Cloud services like Cloud Armor can aid in defending nodes from DDoS assaults.

    Fully managed operations

    The nodes are continuously monitored by Google Cloud, which restarts them as necessary during outages. By eliminating the requirement for a dedicated DevOps staff and by providing the service level agreement (SLA) of Google Cloud, Blockchain Node Engine may free up your team to concentrate on users rather than infrastructure.