Polygon provides Google Cloud to its validator set

Home » Polygon provides Google Cloud to its validator set
Polygon provides Google Cloud to its validator set

Polygon Labs introduced on Sept. 29 that it has added Google Cloud to the decentralized group of validators powering its proof-of-stake Community.

Polygon mentioned in its assertion that Google Cloud is now amongst greater than 100 validators who safe the Polygon PoS Community, a community that initially operated below the identify Matic Community and which acts as a side-chain to the Ethereum blockchain.

Polygon famous that the infrastructure that powers YouTube and Gmail now powers Polygon PoS partly. It additionally referred to as Google Cloud a “high-quality, trusted, [and] security-minded” validator and mentioned that this provides extra safety to the community.

The venture additionally linked to an dashboard web page indicating that Google Cloud has staked as a lot as 10,451 MATIC ($5,484) and earned 29.42 MATIC ($15) up to now. Although Google Cloud is extra recognizable than any of Polygon’s different validators, it’s nonetheless one of many validators with the bottom quantity of MATIC staked.

The partnership seems to have had little if any impact on the worth of Polygon’s MATIC token. MATIC is up 1.2% over 24 hours whereas your complete crypto market is up 0.6%.

Polygon and Google Cloud are shut companions

Polygon and Google Cloud initially started their partnership in April. At the moment, each firms mentioned the multi-year partnership would contain quite a few targets.

The partnership phrases indicated that Google Cloud would contribute cloud companies to Polygon’s zkEVM scaling answer, present a managed Polygon node internet hosting service to Google Cloud customers, and help Polygon’s devoted app-chain. The deal additionally included $200,000 of funding in Google Cloud credit for Polygon-backed startups.

Past that partnership, Google Cloud has additionally added help for Polygon community knowledge to its BigQuery datasets. The platform made that addition on Sept. 21 and launched help for a complete of 11 completely different units of blockchain knowledge at the moment.

The partnership between Polygon and Google Cloud is in depth however not distinctive. Google Cloud has shaped related validator partnerships with different blockchain networks together with however not restricted to Solana, Voltage, Ronin Community, Tezos, and Celo.

The put up Polygon provides Google Cloud to its validator set appeared first on CryptoSlate.

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