HUAWEI CLOUD Expands Web3 Market with Ethereum and TRON … – Crypto News Flash

Huawei, a leading information and communication technology company based in China, is expanding its reach. The ICT giant is making a notable entry into the Web3 market as it noted in a recent update.
China’s Huawei cloud has now updated the introduction of the Ethereum node engine and TRON node engine.
The “Web3.0 Node Engine Service” section of its user guide and documentation section has now been changed.
The new development comes not long after an update was made to the Ethereum stake operation instructions after Huawei Cloud reiterated that it will not take part in collecting blockchain addresses.
As the overview reads;
“Web 3.0 Node Engine Service (NES) is a blockchain node engine platform developed by Huawei Cloud. It simplifies blockchain network management, resource management, and authentication, while also providing developers with the ability to connect to mainstream blockchains like Ethereum. NES offers a stable, efficient, and secure infrastructure for Web 3.0 services.”
Additionally, the overview noted that Node Engine Service (NES) currently offers full-node services with complete hosting capabilities. They can be used by DApp developers and users, as they can carry out node configuration that can interact with blockchains with dispatch. Developers can also utilize it to stake node carriers and individuals.
“They can use NES to host Ethereum full nodes, including execution and beacon nodes, and run validator nodes to connect with the hosted nodes.” The overview was added.
Huawei’s Node Engine Service (NES) went live on the 30th of July. The NES extended support to two leading blockchains after the launch; Ethereum and TRON.
An insider source at TRON went on to disclose that the support marks a significant milestone for the entire TRON ecosystem.
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In the long-term, the support from Huawei Web 3.0 Node Engine Service (NES) is not only positive for TRON’s PR, but also likely to enhance TRON’s technical capabilities.
Notably, Huawei has been attempting to enter the metaverse. On the 28th of June, a leading Chinese mobile firm announced that it had established the China Mobile Metaverse Industry Alliance at the Mobile World Congress (MWC) Shanghai 2023.
The alliance consisted of 24 members, and include
Huawei, iFlytek, Xiaomi, and Mango TV. The alliance is designed to boost collaboration and aid in the sharing of resources. In the long run, it will also foster development around metaverse content creation, XR devices, and other emerging technologies in the industry.
Meanwhile, the Tron network has recorded significant growth in other aspects. According to data from TRONSCAN, the total number of transactions on the TRON network has surpassed 6.2 billion. The total value locked was also supposed to be $13.2 billion at this time.
 
Olivia Brooke has been writing about cryptocurrencies since 2018. She’s currently fascinated by NFTs, and she remains committed to learning and writing about the broader cryptocurrency industry.
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