Since its inception in 2018, Google Cloud has spearheaded data democratization in the blockchain sector through BigQuery public datasets, an approach that has facilitated a more comprehensible understanding of cryptocurrency trends. Owing to its continued efforts to open up this growing frontier of technology, Google Cloud has now expanded its dataset portfolio by adding 11 new in-demand blockchain chains.
The complexity of the cryptocurrency landscape often presents stakeholders with the challenging task of getting a comprehensive view across multiple chains. Blockchain foundations, Web3 analytics firms, partners, developers, and customers alike often grapple with the nuances of querying more chains, with the added overhead of operating nodes or maintaining an indexer.
To mitigate these challenges, Google Cloud is innovating solutions, the latest being the addition of new chains – Avalanche, Arbitrum, Cronos, Ethereum (Görli), Fantom (Opera), Near, Optimism, Polkadot, Polygon Mainnet, Polygon Mumbai, and Tron – to its list. This progression allows stakeholders to dive deeper into the crypto world, generating an all-encompassing view of digital assets.
This expanded list enhances the utility of BigQuery, allowing stakeholders to gain valuable insights, such as the flow of assets, popular tokens, and user interactions with smart contracts, by querying full on-chain transaction history off-chain. This enrichment of data accessibility opens unprecedented avenues for understanding cryptocurrency trends, driving actionable insights and well-informed decision-making within the ecosystem.
However, Google Cloud’s innovation journey doesn’t stop there. The tech giant continues to demonstrate a commitment to improving existing datasets. For example, the Bitcoin BigQuery dataset, an invaluable resource for Bitcoin transactions analysis, has seen significant enhancements to boost its utility for users.
Google Cloud’s focus on data reach also extends to implementing first-party datasets—Google Cloud Managed Datasets. These offer additional feature capabilities, like the newly incorporated Ethereum dataset, which provides a wealth of Ethereum blockchain data.
These datasets offer practical applications for a plethora of domains. For instance, they can be used to determine the number of Ethereum transactions made daily. This capability can be leveraged by Digital Marketers to design informed, data-backed strategies that resonate with the rapidly-changing dynamics of the cryptocurrency world.
Like a gold mine waiting to be tapped, Google Cloud’s latest additions of Avalanche, Arbitrum, Cronos, Ethereum (Görli), Fantom (Opera), Near, Optimism, Polkadot, Polygon Mainnet, Polygon Mumbai, and Tron, to its public datasets are set to revolutionize the understanding of cryptocurrency trends. These advancements, targeted towards stakeholders, cater to cryptocurrency analysts, Data analysts, Blockchain/Cryptocurrency enthusiasts, marketers, and business decision makers in the crypto/blockchain space, making this tool a force to be reckoned with in the crypto analytics landscape.
To wrap up, Google Cloud continues to bridge the gap between data access and the complexities of crypto-analytics. Its persistent endeavor to expand its public datasets, coupled with boosting existing ones, demonstrates a promising investment in the democratization of blockchain data. By doing so, Google Cloud is not just simplifying the task for stakeholders but also redefining the future of cryptocurrency trend analysis.
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I honestly can't wait to work in many more projects together!
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