Google has announced the Google Cloud Blockchain Node Engine.
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 & 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.
While self-managed nodes are often difficult to deploy & require constant management, Blockchain Node Engine is a fully managed node-hosting service that can minimize the need for node operations, said Google. Web3 companies who require dedicated nodes can relay transactions, deploy smart contracts, & read or write blockchain data with the reliability, performance, & security they expect from Google Cloud compute & network infrastructure.
Ethereum will be the 1st blockchain supported by Blockchain Node Engine, enabling developers to provision fully managed Ethereum nodes with secure blockchain access.
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