Google imports daily Ethchaum blockchain for BigQuery analysis


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.

Related coverage

The director of the SEC states that Ethereum does not fall under the regulation of securities

The price of cryptocurrency has risen after the American watchdog has weighed on the debate [19659013] Coinbase adds Ethereum Classic for the exchange within months

The price of Ethereum Classic has increased following the announcement.

Coinbase announces support for the Ethereum ERC20 tokens

Support for the technical standard will be added in the "coming months."

The bad coding of the smart contract exposes millions of dollars in Ethereum

The researchers found that over 30,000 contracts are open to exploit.

Ethereum: A sheet for professionals (TechRepublic) [19659020] Ethereum, one of the most popular cryptocurrencies, has more tricks than a simple cash value: it is also a fuel for the construction of computer applications.

Source link