Google Cloud Becomes a Validator for Polygon (MATIC) Network
Google Cloud has become an official validator for Polygon’s proof-of-stake (POS) network. This move adds an extra layer of security to the Ethereum scaling solution, according to Polygon Labs. Google Cloud joins over 100 other validators in securing the network.
We are now serving as a validator on the Polygon PoS network, contributing to the network’s collective security, governance, and decentralization alongside 100+ other validators.
— Google Cloud Singapore (@GoogleCloud_SG) September 29, 2023
Google Cloud’s Previous Validator Services
This is not the first time Google Cloud has served as a validator. In October 2022, the company announced its participation as a validator node on the Solana blockchain. Additionally, Google Cloud launched its Blockchain Node Engine service in the same month, providing fully managed node-hosting for web3 organizations.
Collaboration Between Google Cloud and Polygon Labs
Google Cloud and Polygon Labs began collaborating in April with a strategic alliance to accelerate the adoption of core Polygon protocols. In June, Polygon Labs submitted a proposal for the transition to Polygon 2.0, aiming to position the project as the “value layer of the internet.” If approved, this transition will upgrade the native MATIC token and rename it to POL.
Market Update
As of now, MATIC is trading at $0.527, with a 1.68% increase in the past 24 hours. It is currently ranked 14th by market cap.
Hot Take: Google Cloud Strengthens Its Validator Services with Polygon
Google Cloud’s partnership with Polygon as a validator for the MATIC network further enhances the security and decentralization of the Ethereum scaling solution. This collaboration highlights Google Cloud’s commitment to supporting blockchain networks and its role in accelerating the adoption of web3 technologies. With Polygon’s proposal for transition to Polygon 2.0, this strategic alliance is poised to play a significant role in shaping the future of decentralized finance and the internet as a whole.
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