Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: Goodcat49 on September 05, 2018, 08:25:24 PM
-
BigQuery, the Google’s data analysis programme for huge amounts of information, now shows Ethereum (ETH) Blockchain data. BigQuery is linked to Google Storage and allows users view data physically. It was publicly made available in November 2011 claiming to manage up to 70 terabytes (TB) of information.
Blockchain at its Best Peak
Fundamentally, it is linked with Google cloud storage, and the moment data is uploaded, then the user can task the programme to show items following the certain parameters. It can manage 1,000 requests per second per project and it can give answers to a question concerning 4 TB of data just in 30 seconds.
It's completely free to use for for as big as 1 TB a month, from which it begins costing some money. BigQuery merged Bitcoin data in February this year.
As per the official explanation, Blockchain data does better at offering OLTP (transaction) data not OLAP (analytic) data.
“Inability to easily build reports from the blockchain can reduce transparency and increase the difficulty of price discovery of BTC-USD,” it explained at the time.
The service shows all Blockchain tech information and refreshes every 10 minutes. One choice is 'transaction visualisation.'
In April 2018, Uri Shaked, an Israeli software developer discovered that it was feasible to mine Bitcoin through the programme, at no cost. Shaked said:
“…this experiment gave me a whole new perspective about the enormous computing power that is being spent mining Bitcoin. We’re talking about 26 billion giga-hashes per second — that is 2.6*10¹⁹ , which is more than the number of grains of sand on earth. Every second.”
ETH data has been listed due to visual representations being helpful for forming business decisions.
It heralded the change via a blog post that started with words “ETH and other Cryptos have captured the imagination of economists, technologists and financiers.”
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/google-integrates-ethereum-data-into-analysis-service/
(https://coinidol.com/upload/resize_cache/iblock/575/900_900_1/5754b9481d35852f082127cb0f5a1ea9.png)