Blockchain.com’s blockchain management portal has released specifics of how it is ramping up its use of the Google Cloud Platform (GCP) to handle its rising requirements for user base and data processing.
Since its founding in 2011, the organization has used GCP and depends on the cloud infrastructure to complement the job its on-site data centers do to hold its 39 million users’ cryptocurrency wallets operational and available from the 140 countries in which they are based.
Google Cloud Services for Blockchain
The adoption of blockchain technology has contributed to the emergence of thousands of digital currencies and at least as many sites on which to use them in their first decade of life.
Blockchain.com, which serves more than 38 million accounts in 140 countries worldwide, has established itself as one of the leading providers of cryptocurrency apps. Until developing into a digital currency business, Blockchain began concentrating on Bitcoin.
From the outset, Blockchain used Google Cloud services and incorporated services whenever openings were seen.
While Blockchain retains several of its own hardware and data centers, it has recently seen an opportunity to move to the Google Cloud Platform (GCP) and operate its Compute Engine infrastructure.
Blockchain’s staff now leverages Google Cloud Spanner’s import and export capability to completely rebuild the database in nine hours, instead of one week.
Through swapping the storage layer with Google Cloud Spanner when it switches to controlled services on Google Cloud, Blockchain obtained savings of 30%.
Today, with GCP controlled services, Blockchain is focused on developing more microservices. The business is now expanding its usage of Cloud SQL for logging analytics and research as a controlled database with strong size accuracy, and Stackdriver.
What is Blockchain.com?
Blockchain.com operates a cryptocurrency wallet, exchange, and blockchain explorer service. They also have maps, stats, and price information for Bitcoin data.
In August 2011, Blockchain.com was introduced and developed by Ben Reeves, a founding member of the Coinbase cryptocurrency trading team.
Reeves had a different view on Coinbase’s prospects, so he quit Coinbase to launch Blockchain.com, which offers recent transaction info, bitcoin mined blocks, bitcoin economy maps, and developer statistics and tools.