The power of Google is something that cannot be underestimated, so when the internet giant makes moves into the world of cryptocurrency, CFD traders, forex speculators and anyone interested in crypto will sit up and take notice. However, Google is also known as one of the largest data-collecting entities
in the world, so the privacy-conscious atmosphere that surrounds the crypto sector might seem an unlikely area of operations for the company whose reputation is built on the microanalysis of information.
On February 5th, the Californian based tech giant launched a new range of search tools under its BigQuery Public Datasets program. This means that the blockchains of eight major cryptocurrencies can now be searched and analyzed with the result that patterns in transactions can be detected and relationships between addresses be worked out. As Google is already the go-to online tool for journalists, writers and researchers across the spectrum,
this could be a very significant development for crypto indeed.
Google’s move means that datasets covering the entire transaction history of Bitcoin Cash, Dash, Zcash, Litecoin, Dogecoin and Ethereum Classic are available to be searched by the general public. In all, eight of the major cryptocurrencies are covered, as Bitcoin and Ethereum’s datasets were released on the BigQuery platform last year.