After Amazon, it is the turn of Google to offer a new service: the Blockchain NodeEngine. It allows Web3 developers to host blockchain nodes on the internet giant’s cloud.
Google Cloud keeps its promises
Google Cloud announced on January 28, 2022 the formation of a special team focused on cryptocurrencies and other digital assets. In a highly publicized post on the blockchain, the company unveiled its roadmap for establishing itself in the industry:
- Supply knots blockchains deployable with one click;
- Start your own nodes validators with selected partners;
- Participate in the mechanisms of government in chain with Google executives;
- Host access services a data blockchain (via Google BigQuery).
Google Cloud therefore wishes to follow in the footsteps ofAmazonwhich already offers node distribution services Ethereum.
This is obviously the first smart-contracts platform chosen for the launch of the Blockchain Node Service. However, after Ethereum, Google wants to extend the initiative to many networks: Bitcoin, Bitcoin Cash, Dash, Litecoin, Zcash, Theta, Hedera Hashgraph, Band Protocol, IoTeX, Polygon, XRP and even … Dogecoin!
Google so wishes to ease the life of Web developers and companies3. In fact, maintaining a blockchain node is no small feat. In addition to costs, synchronize with the rest of the network it is a long and sometimes painful process. With Google Node Engine, everything should be done one click almost. Similarly, from the point of view of safety, service users will be able to benefit from all cloud protections (DDoS, RPC access). Finally, Google commends the time and energy savings for any business, which will be able to focus on their products without worrying about the infrastructure.
>> Returns playing with bear market, it’s on AscendEX (trade link) <
What about decentralization in all of this?
Of course, this GAFAM intrusion into the crypto ecosystem is not without consideration. If this simplifies access to industry infrastructure, the risk of centralization knots have increased. This news did not take long to react:
The decentralization of P2P networks such as Bitcoin and Ethereum is the subject of much debate. This is a concept that is often misunderstood, because we never specify what kind of (de) centralization we are talking about:
- Politics : Which organizations are in control of the nodes?
- Logic : How do these systems survive a common mode partition or failure?
- Architectural : how many nodes make up the system?
We can also add the axis financial the (de) centralization of a blockchain network: who owns the coins? Decentralization geographical it is also important. In fact, if the nodes of a system are all located in an area subject to variability controls and restrictionsresistance to censorship falls apart.
The Google Cloud initiative obviously increases the risks of political and architectural centralization in the sector. We are getting further and further apart ideals from Satoshi Nakamoto. The time of “one CPU one vote”, “my wallet my node” is over. How will the GAFAM react to the pressing injunctions of the financial regulators ?
On a technical level, we will give at least one positive point for geographical decentralization. In fact, the Google and Amazon clouds are present on the 5 continents and in a multitude of countries.
The future will tell if companies prefer the simplicity Google Cloud services, where the independence of a clean and solid infrastructure, made up of servers self-hosted.
Take advantage of current market conditions to safely accumulate Bitcoin. Register now on AscendEX and enjoy incredible earnings with AscendEX Earn (trade link).