Good day everyone,
I hope you are all well and having excellent day, welcome to CryptoGod-1’s blog on all things crypto. Today I will be looking at the recent news of Google Cloud operating as a validator on the Polygon’s Proof of Stake network.
Google Cloud a Polygon Validator
Google Cloud has joined Polygon’s Proof-of-Stake (PoS) network as one of its decentralized validators according to an announcement made on Friday the 29th of September 2023. The tech giant is one of the 100+ validators which help to ensure the Polygon blockchain is secure and functional, while also leveraging Google's reputation for security services in several areas. An official release by Polygon has confirmed the blockchain will make use of the same infrastructure used to power Gmail and YouTube. This is expected to increase user confidence in the Ethereum layer 2 protocol.
The announcement was confirmed by Google Cloud Singapore’s account in a tweet which stated Google Cloud is operating as a validator and will take part in the network’s governance role, operate nodes, along with staking MATIC.
Currently the wider plan for Google is to expand into the blockchain ecosystem and roll out key partnerships. Back in April Google announced the offer of cloud services for Polygon’s zkEVM scaling solution, which is support for app chains, along with a $200,000 Google Cloud credit funding for Polygon-backed startup. Google explained the move as the cloud service provider offering node engines and the one click deployment of nodes.
“Google Cloud will help accelerate the adoption of core Polygon protocols w/ enterprise infrastructure & tools.”
Google’s foray into distributed ledger technology (DLT) has not stopped with Polygon, as the company is currently in the process of establishing deals with Tezos, Solana, Ronin Network, etc. In the last week alone the company has expanded blockchain services on its BigQuery by adding an additional 11 networks. These have been added on top of the existing Bitcoin, Bitcoin Cash, Ethereum Classic, etc.
The company noted the move will allow developers faster access to public data across multiple chains in the aid of creating decentralized applications (dApps) and smart contracts.
“We’re doing this because blockchain foundations, Web3 analytics firms, partners, developers, and customers tell us they want a more comprehensive view across the crypto landscape, and to be able to query more chains. They want to answer complex questions and verify subjective claims.”
The recent expansion of competition and general upgrades in the market, which includes the Ethereum ecosystem with the launch of Holesky testnet to make the platform more scalable, has seen Polygon offered more services to build user adoption. Polygon 2.0 is a stand out as a major attempt at scalability, and there have been claims of creating the value layer of the internet. It has been built to support multiple chains along with cross-chain transactions and liquidity without jeopardizing network security and scalability.
“Polygon 2.0 is a network of ZK-powered L2 chains, unified via a novel cross-chain coordination protocol. For a user, the entire network will feel like using a single chain."
Have a great day.
Peace. CryptoGod-1.
Referral Links and Follow Me:
