SOL Price Eyes 100% Gains as Google Cloud Officially Supports Solana Validation Program ⋆ ZyCrypto




On Saturday, Google’s computing arm, Google Cloud, announced that it was using a block-producing Solana validator “to participate in and validate the network,” driving SOL prices up more than 11% to $36.87 at the time. of publishing.

In a thread of tweets, Google Cloud said it was working with Solana to bring the Blockchain Node Engine next year, allowing anyone to launch a dedicated Solana node in the cloud. Launched last month, the Blockchain Node Engine is “a fully managed node hosting service” that can minimize the need for node operations.

While self-managed nodes are often difficult to deploy and require constant management, the Blockchain Node Engine helps networks like Solana, which require dedicated nodes to relay transactions, deploy smart contracts, and read or write blockchain data with reliability, performance and safety. transparently. Currently, this service only supports Ethereum.

Additionally, the cloud service noted that it is currently indexing Solana data for integration with BigQuery next year, a move that “will provide Solana’s developer ecosystem with easier access to historical data.” BigQuery is a fully managed serverless data warehouse that gives users access to a wide range of historical data about an ecosystem.

Currently, BigQuery supports six cryptocurrency blockchain datasets, including Bitcoin Cash, Dash, Dogecoin, Ethereum Classic, Litecoin, and Zcash. Confirming the news at the ongoing Solana Breakpoint conference in Lisbon, Google’s Web3 product manager Nalin Mittal said the feature will launch in the first quarter of 2023.



Google’s announcement comes amid ongoing node-related issues that have plagued Solana, often causing breakdowns and deep price drops. Speaking at the conference, Solana founder Anatoly Yakonevo called the move “a really big push from Google,” adding that it would help solve the complex engineering issues facing the layer one network.

Since hitting an all-time high of $260 last November, Solana’s price has fallen around 86%, with frequent node consensus outages leading to outages scaring investors. Today’s announcement is therefore a big boost for the ecosystem, with Solana users hoping that a stable network will result in soaring prices.


Comments are closed.