Meet Google BigQuery – a whole new big data platform and a warehousing solution that uses the Ethereum dataset available to enable the exploration of smart contract analysis. This is how Google introduced the BigQuery platform in a blog post.
Meanwhile, BigQuery is important because it uses all of Ethereum’s historical data. Also, Ethereum’s ETL project on GitHub has a source code which can be extracted from the blockchain and entered into BigQuery. Right now, it seems like Google is seeking new contributors and blockchains.
However, the real reason why Google tapped Ethereum’s blockchain is the following…
The digital giant wants to make the Ethereum blockchain data accessible on Google Cloud and stored in an easy way. Even though Ethereum’s software contains APIs for functions that can be accessed randomly (such as checking wallet balances), the API endpoints are not easily accessible for all of the data stored on the blockchain.
Luckily, BigQuery’s OLAP features are here to help. As they display a chart showing Ether transfers and transaction cost a year to date. According to them, tasks like prioritizing changes in the Ethereum architecture can add up and be synchronized in the Ethereum blockchain.
Google’s BigQuery can also sync the Ethereum blockchain to computers equipped with Parity (an Ethereum client for building applications) as well as extract data daily from the Ethereum blockchain ledger (including token transfers). The BigQuery Python library allows clients to query data tables in Kernels – which is a free in-browser coding platform on the public data science platform named Kaggle.
With this, Google’s BigQuery has demonstrated that it can identify the most used smart contracts based on transactions. Right now, the smart contract for the CryptoKitties game is the most popular out there. The platform can also measure tokens by different coefficients or by time window such as the daily number of token transfers of a specific token, with full visualization for the time period selected.
Russia Is Not Planning To Buy $10 Billion In Bitcoin
“This statement has no common sense. The Russian Federation — like any other country in the world — is simply not ready to combine its traditional financial system with cryptocurrencies.”Sidorenko reacted to the fake news reports from Telegraph where it was noted that Russia wants to invest $10 billion in bitcoin in order to mitigate the economic impact that is brought up from the US sanctions. The rumors emerged on Twitter where a particular user wrote that Kremlin has no choice but to invest in bitcoin and that it is the only way to avoid the harsh sanctions by President Trump. Ginko posted on Twitter and his post went viral after Telegraph wrote a story about it and lots of other websites just added their own touch to it. Ginko is known to the public for making such shocking tweets and comments after once saying that sham investment adviser Bernie Madoff is the real Satoshi Nakamoto. However, Sidorenko said that Ginko’s comments are absurd:
“Even if Russia wants to place its cryptocurrency assets now, it simply cannot do this. We do not have any mechanisms that would allow us to introduce a system: where these assets would be stored, which authorities would be responsible for it, which would be responsible for abuses and stuff.”However, according to Tota Kaliaskarova, the director of macroeconomic policy with the Eurasian Economic Union says that crypto could have a huge impact on the Eurasian economy.
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- Russia Is Not Planning To Buy $10 Billion In Bitcoin
- Huobi Re-Launched As Fully Licensed Platform In Japan
- $1 Billion In Transactions Reported For 2018 By BitPay
- Third Audit Attestation Of USDC Stablecoin Reserves Released By Circle
- 21-Year Old Accused Of Stealing More Than $24 Million Worth Of Crypto
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