You can check the website statistics yourself or request them from us at [email protected]
On this platform, only organic high-quality traffic
Bitcoin
$ 30,725

Google Cloud Is A Validator on Polygon’s PoS Network

Google Cloud has partnered with Polygon’s Proof-of-Stake (PoS) network, stepping in as one of its decentralized validators.

As per the announcement on September 29, the tech behemoth will join the ranks of the 100+ validators ensuring the blockchain’s security, capitalizing on Google’s esteemed standing in various security domains.

According to the formal statement, Polygon plans to employ the same robust infrastructure that underpins platforms like Gmail and YouTube. This move is set to bolster user trust, especially as competition intensifies in the Ethereum layer 2 space.

Google Cloud’s collaboration with the Polygon protocol is underlined by a statement: “The infrastructure that powers platforms like @YouTube and @gmail is now also fortifying the swift, economical, and inclusive Ethereum solution provided by Polygon.”

Google Cloud Singapore’s official Twitter handle validated the news, tweeting, “We’ve stepped in as a validator on the Polygon PoS network, collectively enhancing the network’s security, governance, and decentralization with the assistance of 100+ other validators.”

By acting as a validator, Google Cloud will participate in the network’s decision-making processes, manage nodes, and stake MATIC tokens.

Google strategic web3 collaboration

Google’s decision to partner with Polygon is a strategic step within its broader aspirations in the blockchain landscape, as evidenced by a series of significant collaborations unveiled in recent times.

Back in April, Google proclaimed its support for Polygon’s zkEVM scaling solution by providing cloud services, backing app chains, and granting a $200,000 Google Cloud credit to a startup endorsed by Polygon.

Details emerged that as a cloud service provider, Google will furnish node engines and facilitate a simplified, one-click node deployment process.

The overarching sentiment conveyed was, “Google Cloud is set to catalyze the uptake of foundational Polygon protocols by marrying them with enterprise-grade infrastructure and tools.”

Polygon isn’t the only platform to gain from Google’s deepening engagement with distributed ledger technology (DLT). Google has also initiated collaborations with other prominent platforms like Tezos, Solana, and the Ronin Network, among others.

Just a week ago, Google further enriched its blockchain services within BigQuery by incorporating 11 additional networks, supplementing the existing ones like Bitcoin, Bitcoin Cash, and Ethereum Classic.

Google’s rationale behind the move is to offer developers a swifter gateway to public data across various chains, thereby streamlining the development of decentralized applications (dApps) and the drafting of smart contracts.

The company’s statement elucidated its motive: “This initiative stems from feedback from blockchain organizations, Web3 analytics entities, partners, developers, and our clientele. They expressed a desire for a panoramic view of the crypto ecosystem and to query a broader set of chains. They’re keen on delving into intricate inquiries and authenticating subjective assertions.”

Polygon efforts at scalability

Amidst the evolving landscape marked by heightened competition and technological advancements, particularly with Ethereum’s push towards scalability through the introduction of the Holesky testnet, Polygon has been proactive in amplifying its offerings to attract more users.

Polygon 2.0 emerges as a pivotal stride towards scalability, underpinned by its ambition to become the value stratum of the internet.

Crafted with the versatility to support myriad chains, it facilitates cross-chain transactions and ensures liquidity, all the while ensuring the network’s security and scalability aren’t compromised.

Elaborating on its architecture, a statement reads, “Polygon 2.0 functions as an ensemble of ZK-powered L2 chains, harmoniously integrated through an innovative cross-chain coordination protocol. For the end-user, navigating this entire network would be as seamless as operating on a singular chain.”

Related Posts

Leave a Reply

Confirm now and stay with our news

What we write about

I want to save money. Will cryptocurrency work?

Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

Every cryptocurrency has two main components: the units of digital exchange called “coins” and the network within which the exchange takes place. These units can be transferred between wallets and exchanged on exchanges. The networks in which these coins exist are called blockchains, which translates to “chains of blocks.”

Latest Articles

S&P Global Ratings joins Singapore MAS’s Project Guardian
28.06.2024By
Boden Memecoin Crashes After US President Biden’s Poor Debate Performance
28.06.2024By
Steno Research Expects $15-20B Inflows into Ether Spot ETFs, Predicts $6,500 Price Target
28.06.2024By

Latest news

S&P Global Ratings joins Singapore MAS’s Project Guardian
28.06.2024
Boden Memecoin Crashes After US President Biden’s Poor Debate Performance
28.06.2024
Steno Research Expects $15-20B Inflows into Ether Spot ETFs, Predicts $6,500 Price Target
28.06.2024
Bitcoin Mining Firm CleanSpark Acquires GRIID in $155M Stock Deal
28.06.2024
Elastos Partners With BEVM to Launch Bitcoin P2P Loans, Targeting $1.3T in Dormant Value
28.06.2024
Coinbase Files Lawsuits Against SEC, FDIC Over FOIA Request
27.06.2024
UK Watchdog Boosts Crypto Division to 100 Staff Members
27.06.2024
Hong Kong Government Explores DeFi and Metaverse to Boost Fintech Dominance
27.06.2024
Spot Ether ETFs May Receive US Approval by July 4: Report
27.06.2024
Bitcoin ETFs See Inflows for Second Consecutive Day as BTC Holds Steady at $60K
27.06.2024