Huawei Cloud announced that it now supports more than eight public chain networks, bringing it to the mainstream market. This includes the Tron blockchain along with Polygon and Ethereum. Together, Huawei Cloud attempts to lower development costs, increase node income by about 10%, and increase node online reliability to 99.95%.
HE Justin Sun reposted the announcement on
Huawei Cloud introduced NES, which stands for Node Engine Service. The console allows developers to run full and staking nodes for higher performance and efficiency and deliver rewards without any infrastructure work. What NES does well is abstract away the complexity of dApp developers and network validators. This thus paves the way for a seamless experience.
The benefits of NES extend to saving time and money, maximizing rewards, improving stability and node availability, and leveraging the full potential of DVT, a distributed verification technology.
NES comes with three applicable scenarios:
- Public chain interconnection
- Ethereum Validator Operations
- Layer 2 dApp development
Public chain interconnection entails the functionality of a cryptocurrency wallet. Features highlighted are faster response, user-friendliness, support for full nodes and related services including but not limited to details (8 vCPU and 32 GiB memory/16).
Ethereum Validator Operations is ideal for both individual and organizational level operators. We provide worry-free hosting, deployment verification, dual engine drive and other related services: Ethereum as network type and Full Node as node type.
The well-known interconnection of blockchains, extensive post-development deployment, and cost-effectiveness support the development of L2 dApps.
As flashy as it may sound, this announcement achieved almost nothing for the native token of the Tron blockchain. TRON last changed hands at $0.1082. Over the last 24 hours, the value of the board has decreased by 0.93%. Remaining optimistic sentiments are up 1.07% and 6.85% over the past 7 and 30 days, respectively. Despite an 18.39% increase in 24-hour trading volume, the market capitalization plunged 0.95%.
The Tron community has responded positively to the development. Members called it ‘ah’. important step Towards embracing innovation in the blockchain field.
The assumption that NES supports a wide range of features is defensible. This includes, among other things, efficient validator interconnection, fast generation, and support for multiple protocols.
This development comes just days after Huawei Cloud announced that it topped the IDC report with a 28.1% market share in China.
As for the Tron Network, it has made significant progress in recent days. The native token was listed on a Brazilian cryptocurrency exchange platform, the number of user accounts exceeded 204 million, and TVL surged by about 43% in the second half of last year, 2023.