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Thursday, February 22, 2024
HomeFinance NewsGoogle Cloud Joins Polygon (MATIC) Network Validator Post Solana (SOL) Integration

Google Cloud Joins Polygon (MATIC) Network Validator Post Solana (SOL) Integration


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Google Cloud has become an official validator for Polygon’s layer-2 blockchain proof-of-stake network. This partnership adds an extra layer of security for Polygon users, as high-quality and trusted validators like Google Cloud help secure the network. This isn’t the first time Google Cloud has served as a validator for a blockchain project, as it previously supported the Solana blockchain. In addition, Google Cloud has introduced its Blockchain Node Engine, a fully managed node-hosting service for web3 organizations, with Ethereum being the first supported chain. Google Cloud and Polygon Labs have been collaborating since April to accelerate the adoption of Polygon protocols.

Polygon Labs has submitted a proposal for the transition to Polygon 2.0, which aims to make the project the “value layer of the internet.” If approved, this transition will upgrade the native MATIC token and rename it to POL. Currently, MATIC is trading at $0.527, with a 1.68% increase in the past 24 hours. This development highlights the growing interest and involvement of major tech players like Google Cloud in the blockchain and cryptocurrency space.

In conclusion, Google Cloud’s partnership with Polygon as a validator for their layer-2 blockchain network reinforces the importance of trusted validators in ensuring the security of the network. This collaboration also exemplifies Google Cloud’s commitment to supporting blockchain projects, as seen through its previous involvement with Solana and the introduction of its Blockchain Node Engine. The proposal for the transition to Polygon 2.0 further showcases the project’s ambition to become a significant player in the internet economy. With major tech players getting involved, the blockchain and cryptocurrency industry continues to gain traction and recognition.

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