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Google announced a daily import of the Ethereum blockchain into its BigQuery service that will allow users to conduct analysis.
The move follows a similar one at the start of 2018 that brought the bitcoin blockchain into BigQuery. [19659002] As an example of the type of query that can be conducted on the dataset, Google has shown that the most negotiated smart contract was for the CryptoKitty game, which has been used over 2.3 million times.
The ETL Ethereum project used to extract blockchain data points out that the current limitations are: contracts created by message calls are not included, about 10% of contract metadata is missing, and the need to cast tokens because of the BigQuery that stores them as strings.
The research giant said conducting Ethereum's blockchain analysis will enable better business decision-making, as well as knowing when Ethereum could request an update.
Recently, the US Securities and Exchange Commission (SEC) said Ethereum was not covered by the securities law when it was used to purchase goods and services.
"If the network on which the token or currency is to operate is sufficiently decentralized – where buyers should no longer reasonably expect a person or group to make managerial or entrepreneurial efforts – the assets can not represent an investment contract" , the director of the SEC Corporation William Hinman said in June.
"Based on my understanding of the current state of Ether, the Ethereum network and its decentralized structure, Ether's current offerings and sales are not securities transactions."
In February, researchers found that over 30,000 Ethereum contracts were exploitable due to encoding and rrors, leaving about $ 6 million of cryptocurrency vulnerable to theft.
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