Google signals large crypto push with Ethereum, Solana support

Google signals large crypto push with Ethereum, Solana support

Google Cloud has announced a number of cooperation with the popular blockchain networks Ethereum and Solana in the past few weeks and thus accelerated the support of the technology giant for Web3.

At the end of last month, Google Cloud terminated a node hosting service for web3 developers named the an Blockchain-knoten-engine . The tool was developed to help and provide blockchain-based applications and platforms.

Ethereum is the first blockchain that is supported by the engine. Competitive network Solana is Follow up , per tweet over the weekend. The contribution triggered a rally of almost 20 % for the native token of the network, although it has given up most of these profits since then.

"Web3 companies that need dedicated nodes can forward transactions, provide intelligent contracts and read or write blockchain data with the reliability, performance and security that they expect from Google Cloud's arithmetic and network infrastructure," said Amit Zavery and James Tromans, the executives of Google Cloud a statement.

This weekend Breakpoint 2022 Conference in Lisbon, an event of the Solana Foundation, explained Google's Web3 leader Nalin Mittal, that Google really deepened its investments in the web3 area in the course of 2022. This culminated in the formation of a committed web3 team on Google Cloud.

"This is like a natural development for us because we have seen that many of our financial services customers do more and more blockchain-related workloads with crypto native [Google Cloud] and it was clear that a dedicated product suite for web3 would serve better," said Mittal.

The Big G was indeed busy supporting crypto-native companies. Between September 2021 and June 2022, the Google mother company Alphabet took part in four financing rounds from blockchain companies, including the crypto conglomerate Digital Currency Group and Dapper Labs, the web3 startup behind NBA Top Shot.

Google Cloud leads alongside other blockchains validators on Solana

This weekend tweeted Google Cloud to confirm that it will take part in the Solana consensus by a Prüfer Type of server nodes that process transactions by adding blocks to the chain of the network.

But it is not the first time that Google has chosen a blockchain network. In 2020 she put her first validator for the proof-of-stake network Hedera Hashgraph into operation. According to Mittal, the cloud unit now operates validators for "many of the top class [Layer-1] protocols."

"We realize how active and passionate [The Solana] community is and we want to make them a top priority for Google Cloud," said Mittal. Google Cloud will shortly accept crypto payments for certain customers about a partnership with Coinbase announced last month.

The change from Google Cloud to the Web3 infrastructure reflects the offer of Amazon, Managed Blockchain, contradictory supports Ethereum nodes-as-as-as-a-Service.

While Solana is known for its favorable and fast transactions, the network has a bumpy path behind Five large failures this year alone. Nevertheless, according to James, where, CEO of the investment company DFG, is still one of the most functional protocols in the Web3 ecosystem.

"A very robust cluster of Dapps, NFTS and Smart Contracts runs on Solana, which explains what Google Cloud needs to build a robust portfolio of innovative and futuristic web3 applications," said where to block works.

"The takeover of Solana by Google Cloud is just another way to deepen its presence because it has concluded related contracts with other web3 projects, including Near, Hedera and Aptos."

. .

The article Google Signals Major Crypto Push with Ethereum, Solana Support is not a financial advice.