It looks like Google Cloud is preparing for a collaboration with the popular altcoin Solana (SOL). Solana (SOL) price rose more than 10 percent within minutes of Google Cloud’s tweet. Here are the details…
- 1 Google and popular altcoin SOL hint at partnership
- 2 Solana indexes its data
- 3 Coinbase announced its partnership
- 4 The price of the altcoin project jumped
- 5 Share this:
Google and popular altcoin SOL hint at partnership
Google Cloud, the cloud technology-focused arm of Google, announced its partnership with Solana. The official Google Cloud Twitter account tagged Solana co-founder Anatoly Yakovenko. “Should we tell the big news to our followers?” he tweeted. statements were included.
Google Cloud then said it runs a block-generating Solana validator to join and validate the network. According to the continuation of the tweet, Google Cloud plans to bring the Blockchain Node Engine to the chain next year. For this, it works together with the Blockchain network. Google adds in its tweet that it will “make it easy” for anyone to launch a private Blockchain node in the cloud.
Solana indexes its data
Alongside the development above, Google Cloud is indexing Solana data to make it easier for the SOL developer ecosystem to access historical data. Next year, it’s bringing the data to BigQuery. AmkNews.com As we reported, last week, the tech giant announced the Blockchain Node Engine. The engine will enable Web 3.0 developers to create new products on Blockchain-based platforms.
Google Cloud’s data enables fast and efficient querying of Solana Blockchain’s massive database with the processing power of Google’s massive infrastructure. Overall, Google is trying to expand its efforts to run validators for Solana. Alphabet, the company behind Google, is currently recruiting for technologist roles in this space. The Google Blockchain Node Engine will primarily support the Ethereum Blockchain.
Coinbase announced its partnership
The Solana collaboration is not Google’s first partnership with any cryptocurrency platform. As it is known, on October 11, 2022, Google Cloud and Coinbase announced a strategic partnership. The announcement mentioned that the “strategic partnership” was established to better serve the growing Web3 ecosystem and its developers. The press release pointed to the “enhanced exchange services of Coinbase” of this collaboration. It was stated that the exchange has chosen Google Cloud as a strategic cloud provider for building data services.
It was also on the agenda that Coinbase will “use Google Cloud’s computing platform to process blockchain data.” The press release pointed out that Coinbase will also “build its global data platform on the secure infrastructure of Google Cloud.” He added that “Coinbase will leverage leading data and analytics technologies to provide its customers with machine learning-driven crypto insights.”
The price of the altcoin project jumped
Solana’s native token SOL rose more than 13 percent on the news. Currently, SOL has seen a sharp increase from $34.4 recorded less than an hour ago. It is trading just under $38. This also increased the coin’s weekly earnings to 16.1%.
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