The significance of Google is notable because it took the most indefinite, unorganized, and opaque part of the Internet, making it easily accessible to anyone. Doubtlessly we can call Google the tec holy grail of the Internet. Now the tech giant as decided to step foot into the crypto world. It is willing to create a blockchain search.
On the beginning of this year, Google announced an arrangement of new datasets tools for developers. These tools will help to understand Blockchain-related to cryptocurrency. These tools are part of BiQuery Public Database program.
As we know, Google had already published a set of the database for keeping transaction records of Bitcoin and Etereum. Now Google is approaching for six other cryptocurrencies in the market including Bitcoin Cas, Das, Etereum Classic, Litecoin, Zcas, and Dogecoin. Almost every cryptocurrency in this mix is part of ‘Satoshi Family.’ It is considered the same because these coins are built with a similar program to Bitcoin which we all know was developed by pseudonym developer Satoshi Nakamoto.
Let us discuss more of these tools; what exactly they do?
Simply Google is providing two tins to this crypto mix. One, its providing public database, which means they are categorizing and publicizing the transaction data. And two it is launching new search tools for better exploration of these data.
The software is called Blockchain ETL, which stands for Extract, Transform, and Load. The program will be helpful to determine factors in the cryptocurrency mining pool, such as an address, exchange details, and more. We can assume soon this software can detect each series of crypto address owned by various exchanges to treat them as a singular entity.
Also, because all data sets are structured and standardized by ‘Unified Schema,’ it is possible that this database can make peer-to-peer comparisons across the database. If you are willing to use these tools, it will cost you $40,000 monthly, only if you ave high-volume users.
One of the perks of these tools by Google is that it will enable a layer of covers for buyers and sellers, without hazarding their security. Google’s new devices are best for bot individual users and entities. Google is empowering developers to mine transaction data without risking their safety.
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