Technology giant Google announced yesterday (27) the launch of the blockchain node engine. The official explanation is that this is a fully managed node service and that Ethereum will be the first blockchain supported by the blockchain node engine.
United States technology giant Google announced the launch of a blockchain node engine for Web3 development, and Ethereum will be the first blockchain supported by Google’s blockchain node engine. According to the official announcement, this is a fully managed node service that minimizes the user’s operational needs for nodes, which means that Google will be responsible for actively monitoring node activity and restarting them as needed during outages, Goggle also emphasized that the service Features such as simplified configuration and secure development.
Amit Zavery, vice president of engineering, said in a statement that blockchain is changing the way the world stores and transmits information.
Google Cloud wants to make it easier by offering managed services to handle node creation, while providing a secure development environment in a fully managed product.
In fact, many blockchain projects have joined Google Cloud’s services, including Solana, Hedera and Dapper Labs. Aptos, an emerging public chain that has exploded recently, also said that through its Google Cloud integration, its on-chain node deployment time This has been reduced to less than 15 minutes, but this also reinforces its centralized nature, potentially creating a single point of failure.
Since the beginning of this year, Google has been very active in deploying web3. At the beginning of the year, a new digital asset team was established to explore the possibility of encrypted payment. It was also revealed earlier this month that Google Cloud will partner with Coinbase to offer crypto payment options in phases .
Google’s third-quarter earnings report
Alphabet, the parent company of Google, announced its financial report after the second session this week (25). The revenue and profit in the last quarter both fell short of market expectations. The revenue in the third quarter increased by 6% year-on-year to 69.09 billion, which was lower than the expected 70.58 billion; Net profit was reported at $13.91 billion, compared with $189.36 last year; diluted earnings per share (EPS) was $1.06, a decrease of 24.3%, which was also lower than the expected $1.25. It also gave Alphabet its worst quarterly revenue growth performance since 2014, excluding the impact of the epidemic.
At the earnings conference, Google also said that the company will continue to carry out cost-cutting measures, and the number of recruits in the fourth quarter is planned to be halved. Alphabet’s total full-time workforce is now 186,779, up from 150,028 a year earlier.
According to Yahoo Finance data , after the release of the financial report data on Tuesday, GOOG’s stock price fell more than 7% after the market, and the stock price fell 8.75% this week. The current closing price is $92.6.