According to the press release released today by Block.one, the parent company of the EOSIO network and EOS cryptocurrency, Google Cloud has officially applied to become the block producer in the respective blockchain network. With this positive development, EOS price has gained 15% in the last 24 hours and is still rising.

It has filed an official application to become a block generator on the Google Cloud EOS network, and this application will be terminated soon, according to a statement by Block.one. Google Cloud, the cloud technology-focused subsidiary of the world giant Google, will officially become one of the main participants of the relevant blockchain network after this development.

Google Cloud Joins EOS Network Also

Once Google Cloud becomes an active block generator, it will have voting rights in making important decisions regarding the network as well as protecting the network. In their press release, Block.one team stated that they are satisfied with this application from the Google Cloud front and that this is a very important success for the network.

Block.one CTO Dan Larimer stated that Google Cloud will continue to provide infrastructure for Block.one and increase its support. In addition, Larimer noted that the blockchain giant will work to take advantage of all the advantages offered by Google Cloud's blockchain technology.

CEO Brendan Blumer shared a tweet shared by the CEO of Chintai, "This is a fantastic verification of EOS's potential and legitimacy by Google", expressing his similar view. EOS has certainly achieved significant success with this development. Previously, Ontology and Theta prices have also seen significant increases due to Google partnerships.