OK, Google: Why Tech Giant Jumps on a Blockchain Bandwagon?

OK, Google: Why Tech Giant Jumps on a Blockchain Bandwagon?

The «almighty» Google is jumping on the DLT bandwagon on par with other tech titans. Newly it has added one of the most known blockchains networks — Ethereum — to BigQuery which is Google’s big data analytics platform. 

Google Also Wants to Be Close to The Blockchain

According to the information provided by the company’s post, API is challenging when it comes to accessing info recorded on the Ethereum. And that’s beside the fact that it has been developed for checking transaction state or balance on wallets. 

Our top trading bots

However, the biggest issue with it is that it makes it impossible to eye blockchain data ‘in aggregate.»

Therefore, Google, as it comes out of the further explanation, needed a better substitution for this technology to reach out to Ethereum. Thus, it has come to a solution of adding Ethereum to BigQuery. And the idea was implemented earlier this year, the blog says. 

For this, the tech titan has developed a software system on its Cloud platform. Here’s what it does:

  • It syncs the Ethereum pcs running Parity;
  • It daily gets data out of the Ethereum «record book». This information includes the outcomes of the smart contract transactions; 
  • It preserves date-distributed information to BigQuery.

The result of this, as Google claims, is a simplicity and reasonable pricing. 

But Why, Google?

Google went on to explain why the new solution is necessary, providing a handful of examples. One of them was CryptoKitties, a game by Ethereum which is based on the DLT. It said that the game’s smart contract operations make up the most of all transactions on the net. 

In the blog of the titan’s, there was also mentioned an example of info from ERC-20 token project OmiseGo. Google shows how the number units receivers rose last year September.

Finance Redefined: Alchemy raises $200M, Bunny goes DAO, Feb. 4–11
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.As the DeFi space continues its technical resurgence, essential news on...
Trezor removes controversial address verification protocol, other wallets follow suit
Since 2019, Swiss financial crypto intermediaries have required proof of ownership of an external wallet's address for Bitcoin withdrawals and deposits...
Indian INX exchange reportedly plans to list Bitcoin futures ETF
Despite the ongoing uncertainty about cryptocurrency regulation in India, local financial firms are backing new ventures aiming to launch Bitcoin (BTC)...
Solana could become the 'Visa of crypto': Bank of America
Bank of America digital asset strategist Alkesh Shah has predicted that Ethereum competitor Solana could become the “Visa of the digital asset ecosystem”...
Nifty News: The Red Ape Family show, Mini Royale on Solana and The Weeknd’s NFT collection
Catch up on nonfungible token (NFT)-related news this week as Cointelegraph rounds up the stories you don't want to miss. Bored Apes gets cast in an TV...
Crypto regulation is coming, but Bitcoin traders are still buying the dip
Looking at the Bitcoin chart from a weekly or daily perspective presents a bearish outlook and it's clear that (BTC) price has been consistently making...
Coinbase increases junk bond offering to $2B after investors swarm
Leading U.S.-based cryptocurrency exchange Coinbase has seen enormous demand for its junk bond offering, with the firm increasing the size of the sale by...
Nigeria's securities regulator establishes fintech unit to study crypto
In 2021, financial institutions operating in Nigeria have been the lever of a government crackdown on cryptocurrencies, beginning with February’s notorious...
Crypto exchange Bybit signs esports deals with Astralis and Alliance
Bybit has secured new contracts with esports organizations Astralis and Alliance that will see the cryptocurrency exchange expand its footprint in the video...
Bitcoin erases May crash losses as BTC price rebounds to $44K
Bitcoin (BTC) price reacted as high as $44,600 on Aug. 7, the highest level since before the infamous May 19 crash.  Meanwhile, there are increasing speculations...
SNX hits multi-week highs as total value locked on Synthetix approaches $1 billion
Synthetix (SNX) spiked to its three-week high on Monday in reaction to a market-wide upside correction led by Bitcoin (BTC) and other top-cap digital assets.The...
Crypto derivatives market down but not out as $3B expiry sours the mood
Bitcoin (BTC) led the entire cryptocurrency market through a tumultuous period after the majority of the cryptoverse was painted red on May 19, a day now...
Litecoin Soars 30% In a Green Day
Investing.com - Litecoin was trading at $165.720 by 12:56 (16:56 GMT) on the Investing.com Index on Monday, up 30.05% on the day. It was the largest one-day...
Price analysis 3/22: BTC, ETH, BNB, ADA, DOT, XRP, UNI, LTC, LINK, THETA
The Turkish lira lost 15% of its value and dipped close to its all-time low after Turkey's President Erdogan fired central bank governor Naci Agbal. This...
Millions Of Users Have Already Subscribed To The Robinhood
In less than four days, Robinhood announced that it is going to offer commission-free trading in cryptocurrencies, but since then more than a million...