Google is making headlines in relation to Ethereum these days. Check out the latest important move that the tech giant just made.
Google makes efforts to boost ETH development
It’s been just revealed that Google Cloud is launching a new Ethereum (ETH)-supported blockchain project to encourage Web3 development.
The new project, called the Blockchain Node Engine, is a managed node-hosting service that aims to minimize the need for node operations, according to a new blog post from Google Cloud executives.
Ethereum is the project’s first supported blockchain.
The executives said the following about the issue:
“Web3 companies who require dedicated nodes can relay transactions, deploy smart contracts, and read or write blockchain data with the reliability, performance, and security they expect from Google Cloud compute and network infrastructure.”
Ethereum in the news
It’s been just revealed that Ethereum’s Vitalik Buterin is addressing an important subject. Check out a relevant tweet in this direction.
Check out the latest tweet shared by Ethereum’s founder:
The revenue-evil curve: a different way to think about prioritizing public goods fundinghttps://t.co/WLeAeovlwk
— vitalik.eth (@VitalikButerin) October 28, 2022
In an extremely interesting blog post, Buterin started by saying the following:
“Public goods are an incredibly important topic in any large-scale ecosystem, but they are also one that is often surprisingly tricky to define. There is an economist definition of public goods – goods that are non-excludable and non-rivalrous, two technical terms that taken together mean that it’s difficult to provide them through private property and market-based means. There is a layman’s definition of public good: “anything that is good for the public”.
He continued and explained that there is a democracy enthusiast’s definition of public good, which includes connotations of public participation in decision-making.
“This post will attempt to provide a different way of analyzing “hybrid” goods on the spectrum between private and public: the revenue-evil curve.”