Google Cloud developer Allen Day told Forbes :“I’m very interested to quantify what’s happening so that we can see where the real legitimate use cases are for blockchain. So people can acknowledge that and then we can move to the next use case and develop out what these technologies are really appropriate for.”
A new raft of crypto and blockchain analytics tools has just been launched by search giant Google, Google enters crypto. They will provide deep data sets for the top cryptocurrencies and aim to revolutionize blockchain search as the company did for information on the internet.
Google Added Six New Blockchain Datasets :
Google Cloud released blockchain transaction history datasets for Bitcoin and Ethereum over the past year. Yesterday the company announced the release of six more datasets in addition to a deeper set of queries that enables multi-chain meta-analyses and integration with conventional financial record processing systems.
The six new blockchain datasets just released are as following :
- Bitcoin Cash
- Ethereum Classic
The Working Of These D
All data sets will update every 24 hours via a common codebase, the Blockchain ETL (extract, transform, load) ingestion framework, which will enable real-time streaming transactions for all blockchains by implementing a low-latency loading solution.
Google’s BigQuery data analytics platform started with Bitcoin and Ethereum last year and since then the developers have been monitoring usage of the software in order to create these six datasets. The search giant also has amachine learning(ML) tool which searches for patterns in transaction flows so it can provide basic information on how a crypto address is used.
The Effect Of This On The M
The first terabyte for these datasets will be free each month according to the report with costs charged per byte following for heavy users. Microsoft and Amazon, rival tech giants are also entering into the cloud and blockchain space as the competition heats up. Google has been the leader in big data for several years at it clearly aims to remain there for the nascent crypto industry.
What do you think about the addition of new blockchain datasets as google enters crypto ? Let us know in the comments section below.