Google Cloud Joins Polygon as Validator on PoS Network
Polygon Labs recently announced that Google Cloud has become a validator on its proof-of-stake (PoS) network. As one of over 100 validators, Google Cloud will play a crucial role in verifying transactions on Polygon’s layer-2 Ethereum network. The company highlighted that the same infrastructure used to power YouTube and Gmail will now help secure the fast and low-cost Ethereum-for-all Polygon protocol.
Securing the Network through Validators
Validators on the Polygon network ensure its security by operating nodes, staking MATIC tokens, and participating in proof-of-stake consensus mechanisms. While many validators remain anonymous, Google Cloud’s participation adds to the list of prominent validators such as Deutsche Telekom, one of Europe’s largest telecommunications firms.
Ongoing Collaboration between Google Cloud and Polygon Labs
Google Cloud Singapore confirmed its role as a validator on the Polygon PoS network, emphasizing its commitment to contributing to the network’s security, governance, and decentralization. The partnership with Polygon Labs is described as an ongoing strategic collaboration by Google Cloud. In addition to becoming a validator, Google Cloud Asia Pacific released a YouTube video titled “Polygon Labs is solving for a Web3 future for all.”
Polygon’s Upcoming Changes
In Q4 2023, Polygon plans to implement changes outlined in PIP 17, which involves transitioning from MATIC to the new token POL. PIPs 18 and 19 will address technical descriptions of POL and updates to gas tokens. These changes are part of Polygon’s efforts to build a Web3 future.
Hot Take: Google Cloud Strengthens Security of Polygon PoS Network
The addition of Google Cloud as a validator on the Polygon PoS network is a significant development that reinforces the network’s security and decentralization. With its extensive infrastructure and collaboration with Polygon Labs, Google Cloud brings valuable expertise to help secure transactions on the Ethereum-based network. This partnership not only benefits Polygon but also showcases the growing interest of major technology players in blockchain and cryptocurrency ecosystems.
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