How Will Ethereum-Google Blockchain Node Engine Impact Crypto?

Ethereum (ETH) was about to finish October with 20% 7D gains and record short ETH liquidations. Adding to Web3 blockchain’s tailwind, Alphabet Inc.’s Google just unveiled the Blockchain Node Engine with support for Ethereum.

In Blockchain Node Engine, Google boasts a fully managed node hosting service for Web3 developers. Google Cloud touts Cloud for Web3 as a way for blockchain developers to:

“Build and scale faster with simple, secure tools and infrastructure for Web3. Get co-selling and growth opportunities, such as marketing on the Marketplace, and support for management inside and outside the chain.”

The power, resources, and reliability of Google Cloud, along with a blockchain developer environment and host, could prove to be a potent mix for new Web3 projects.

How Google Cloud Could Shake Up Ethereum?

The new blockchain node engine boasts low-latency networking that can scale seamlessly as developers need it, proprietary digital asset security, and simplified node deployment with real-time data and insights from Google Cloud.

Moreover, Google’s node engine also includes simplified node synchronization for Ethereum, with one operation to do so. While currently syncing a node is a complex process that can take days.

In a blog post about Web3 development, Google’s Amit Zavery and James Tromans wrote:

“Ensuring that blockchain infrastructure is ready and available usually means having a DevOps team available to monitor the system and fix issues during a power 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 power outages as needed.”

Tromans also told TechCrunch:

“We’re building foundational primitives to help developers innovate faster. Accordingly, the Blockchain Node Engine is focused on [multiple] developer use cases: smart contract development, reading from and writing to the blockchain, etc. How different developers use their fully managed, dedicated blockchain node engine infrastructure will depend on their individual use cases.”

Increasing enterprise adoption of crypto in 2022

Earlier this month, Google Cloud announced a partnership with Coinbase to begin accepting crypto for payment. Meanwhile, Alphabet’s Chief Business Officer mentioned a Q3 pullback from crypto advertisers twice on a recent third-quarter earnings call.

Many new established businesses have begun adopting and integrating blockchain in 2022, including Walmart and Fidelity Investments.

In Q4, Alphabet Inc. joined the fray.

It goes without saying that Alphabet’s entry into the blockchain sector is incredibly bullish in the long term and in the short term. The time, attention, effort and talent of a big data giant in Silicon Valley and Wall Street certainly validates the long-term prospects of Ethereum in particular and cryptocurrency in general.