Google Enters Crypto and Blockchain Search Business With New Tools

Google Enters Crypto and Blockchain Search Business With New Tools 1

A new raft of crypto and blockchain analytics tools has just been launched by search giant Google. 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.Six New Blockchain Datasets AddedOver the past year Google Cloud has released blockchain transaction history datasets for Bitcoin and Ethereum. 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 Bitcoin Cash, Dash, Dogecoin, Ethereum Classic, Litecoin, and Zcash. 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.”The company blog went on to explain that five of these particular crypto assets (BCH, LTC, DASH, ZEC and DOGE) have been chosen ‘because they all have similar implementations, i.e., their source code is derived from Bitcoin’s.’ The sixth one, ETC, is based on Ethereum – or as many will correct – is the original Ethereum blockchain. All datasets 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 off with Bitcoin and Ethereum last year. During the period developers have been monitoring usage of the software in order to create the next six datasets. The search giant also has a machine learning (ML) tool which searches for patterns in transaction flows so it can provide basic information on how a crypto address is used.In what has been termed as a ‘unified schema’ the data has been structured in a easy to access method maintaining consistency across datasets. This will enable easier and smarter blockchain data comparisons for data scientists and researchers. The blog post highlights a number of example queries and applications for the data extracted.The first terabyte for these datasets will be free each month according to the report with costs charged per byte following for heavy users. Rival tech and retail giants Microsoft and Amazon have also entered into the cloud and blockchain space last year 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.“This is not some kind of dependency on government agency reporting,” Day added, “We have all the data, and we can pull metrics and and look at them and reason about them over time.”Image from Shutterstock

Google Enters Crypto and Blockchain Search Business With New Tools 2
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

Leave a Reply

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 33,639.00
ethereum
Ethereum (ETH) $ 1,972.16
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 298.32
cardano
Cardano (ADA) $ 1.26
dogecoin
Dogecoin (DOGE) $ 0.238861
xrp
XRP (XRP) $ 0.653005
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 15.90
binance-usd
Binance USD (BUSD) $ 1.00
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 33,639.00
ethereumEthereum (ETH)
$ 1,972.16
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 476.52
litecoinLitecoin (LTC)
$ 129.48
bitcoinBitcoin (BTC)
28.261,97
ethereumEthereum (ETH)
1.656,92
tetherTether (USDT)
0,840155
bitcoin-cashBitcoin Cash (BCH)
400,35
litecoinLitecoin (LTC)
108,78
bitcoinBitcoin (BTC)
24,187.95
ethereumEthereum (ETH)
1,418.07
tetherTether (USDT)
0.719045
bitcoin-cashBitcoin Cash (BCH)
342.64
litecoinLitecoin (LTC)
93.10

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021
Crypto Scams On The Rise As Market Enters Bull Cycle
Crypto Scams On The Rise As Market Enters Bull Cycle
December 22, 2020
Harpreet Singh Sahni perpetrated the Plus Gold Union Coin (PGUC) scam
Sydney Concert Promoter Harpreet Sahni Involved In $50M Crypto PGUC Scam
November 2, 2020
KuCoin hackers steal $150 million
KuCoin Exchange Hacked But Insurance Will Cover The Stolen $150M
September 29, 2020
Mining City insists that it is legit
Mining City Refutes Claims By Philippines SEC Of Being A Scam
September 23, 2020

Blockchain/Cryptocurrency Questions and Answers

What Is Plethori Platform And How Does It Work?
June 12, 2021
What Is The Fudge Token?
What Is The Fudge Token?
June 5, 2021
What Is Shiba Inu (SHIB) Cryptocurrency And How Does It Work?
What Is Shiba Inu (SHIB) Cryptocurrency And How Does It Work?
May 31, 2021
What Is PancakeSwap And How Does It Work?
What Is PancakeSwap And How Does It Work?
May 27, 2021
How Has Internet Computer (ICP) Become A Top-10 Crypto?
How did “Internet Computer Coin”(ICP) Become A Top-5 Crypto?
May 19, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin33,459 1.04 % 0.10 % 12.69 %
Ethereum1,955.8 0.80 % 2.09 % 17.33 %
Tether1.000 0.12 % 5.35 % 0.31 %
Binance Coin295.02 0.38 % 10.48 % 14.84 %
Cardano1.240 0.59 % 4.46 % 16.09 %
Dogecoin0.2368 0.31 % 22.39 % 22.93 %
XRP0.6513 1.35 % 14.14 % 22.08 %
USD Coin1.000 0.37 % 2.02 % 0.06 %
Polkadot15.76 0.83 % 4.75 % 30.99 %
Binance USD0.9989 0.53 % 0.43 % 0.04 %

bitcoin
Bitcoin (BTC) $ 33,639.00
ethereum
Ethereum (ETH) $ 1,972.16
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 298.32
cardano
Cardano (ADA) $ 1.26
dogecoin
Dogecoin (DOGE) $ 0.238861
xrp
XRP (XRP) $ 0.653005
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 15.90
binance-usd
Binance USD (BUSD) $ 1.00