Huawei’s Web3 Foray: Expansion with Ethereum and TRON Node Engine Services
August 14, 2023
August 14, 2023
As confirmed by recent announcements, China’s information and communications technology leader Huawei has entered the Web3 market in a notable expansion of its technology portfolio. The ICT giant has taken a big step forward in its Web3 ambitions by introducing the integration of Ethereum and his TRON node engine into its suite of services.
Huawei’s cloud division has taken an important step in establishing a foothold in the evolving Web3 environment by incorporating the Ethereum and Tronnode engines. This recent development follows an update to the Ethereum Stake operating procedures. The update revealed Huawei Cloud’s decision not to participate in blockchain address collection.
The newly announced service, called “Web3.0 Node Engine Service”, constitutes an important element of the user information and documents section of Huawei Cloud. The service aims to simplify the administration, resource allocation and certification process of blockchain networks. In particular, developers will be able to seamlessly connect to mainstream blockchains such as Ethereum. By providing a stable, efficient, and highly secure infrastructure, the Node Engine Service (NES) is poised to play a key role in accelerating Web3.0 initiatives.
An overview of Huawei Cloud reveals that the Node Engine Service (NES) is now expanding its comprehensive full node capabilities. This feature addresses the needs of both DApp developers and users, allowing them to configure nodes that interact seamlessly with the blockchain. The utility of NES will be expanded to facilitate the deployment of stake node carriers and the configuration of individual nodes.
The overview further elaborates on the capabilities of NES and highlights its ability to host Ethereum full nodes, including execution nodes and beacon nodes. Additionally, developers will be able to run validator nodes to facilitate connections with hosted nodes, forming an interconnected and functional network.
Huawei’s Node Engine Service (NES) was launched on July 30, introducing support for two prominent blockchains: Ethereum and Tron. An insider source within the TRON ecosystem emphasized that this support is an important milestone not only in terms of his public relations for TRON, but also in terms of strengthening its technical capabilities.
Beyond forging into Web3 domains, Huawei has been actively exploring the metaverse environment. The company established the China Mobile Metaverse Industry Alliance during Mobile World Congress (MWC) Shanghai 2023 with leading companies such as iFlytek, Xiaomi and Mango TV. This joint effort aims to foster resource sharing, collaboration and development. A realm that includes Metaverse content creation and emerging technologies such as his XR device.
Meanwhile, the TRON network continues to grow remarkably in many ways. According to TRONSCAN data, the total number of transactions on the TRON network exceeds 6.2 billion, which is evidence of his active TRON network activity and implementation. The total amount trapped in the TRON ecosystem is reported at $13.2 billion, highlighting the economic importance and viability of the network.
In conclusion, Huawei’s strategic expansion into the Web3 domain through the integration of Ethereum and TRON node engines demonstrates the company’s commitment to adopting cutting-edge technology. The move is consistent with a broader trend to harness the potential of decentralized technology to drive innovation and growth. In addition, Huawei’s exploration of the Metaverse field and TRON’s sustained network growth collectively underscore the dynamic nature of the modern technology landscape driven by evolving trends and innovative technologies.