Google Cloud Joins Polygon Network as Validator
Google Cloud has become an official validator for Polygon’s proof-of-stake network, joining over 100 other validators securing the Ethereum scaling solution. According to Polygon Labs, Google Cloud’s participation adds an extra layer of security for Polygon users. This is not the first time Google Cloud has served as a validator. Last year, the cloud computing platform announced its involvement as a validator node on the Solana blockchain. In addition, Google Cloud launched its Blockchain Node Engine, a managed node-hosting service primarily supporting Ethereum. Google Cloud and Polygon Labs began collaborating in April, aiming to accelerate adoption of Polygon protocols.
Polygon 2.0 Transition
In June, Polygon Labs revealed plans for the transition to Polygon 2.0, with a proposal to upgrade the native MATIC token and rename it to POL. This upgrade aims to establish Polygon as the “value layer of the internet.” At present, MATIC is trading at $0.527, ranking 14th by market cap and experiencing a 1.68% increase in the past 24 hours.
Hot Take
Google Cloud’s recent collaboration with Polygon as a validator demonstrates its continued commitment to supporting blockchain networks and fostering their growth. By joining forces with Polygon, Google Cloud contributes to the security and decentralization of the network while providing enhanced trust for users. This partnership highlights the increasing recognition of blockchain technology by major players in the tech industry like Google Cloud.
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