April 28, 2024

Google creates a new generation of blockchain

Google creates a new generation of blockchain

  • Google has created a separate division for the blockchain
  • What exactly the experts will do remains unclear.
  • Previously, the Korean authorities banned Google from placing blockchain games in the marketplace.

The company has formed a division aimed at developing blockchain and other next-generation technologies

Google Labs has created a new division,which will develop blockchain technologies, as well as other next-generation computing products. Bloomberg writes about this with reference to the company’s announcement.

CEO of Google will be in chargeShivakumar Venkataraman. He has served the company in its core search advertising business for over a decade. However, as noted by the media, the newly formed division is relatively smaller than other teams within Google Labs. What kind of projects the specialists are working on remains unclear.

Let us remind you that earlier the editors wrote that Googleshowed interest in organizing cryptocurrency payments. This was stated by the company's commercial director Bill Ready. The media drew attention to the fact that the crypto exchange Coinbase and the BitPay payment service have already talked about preparing to introduce tools for connecting users’ crypto debit cards to the Google Pay electronic payment system.

At the end of December 2021, the government of SouthKorea demanded that Google and Apple block the registration of blockchain games in the play-to-earn area. Officially, neither Apple nor Google commented on the ban.

Now game companies must first getapproval from the regulator before releasing their blockchain games in Korea. The Committee, in turn, will determine the age of the players who will be able to use the product. According to the authorities, play-to-earn games cannot be evaluated in accordance with the current legislation of the country. The difficulties are related to the fact that game items with monetary properties are considered both in-game currency and prizes.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Huobi https://huobi.com 7.4
3 Exmo https://exmo.me 6.9
4 OKEx https://okex.com 6.5
5 Bybit https://bybit.com 6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Additional features and services— futures, options, staking, NFT marketplace.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • final grade– the average number of points for all indicators determines the place in the ranking.

Google creates a new generation of blockchain

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