Google Cloud is now an official validator for the layer-2 blockchain Polygon (MATIC) proof-of-stake (POS) network.

Polygon Labs says that Google Cloud now joins more than 100 other validators in securing the Ethereum (ETH) scaling solution’s network.

The project notes that “high-quality, trusted, security-minded validators like Google Cloud provide an added layer of security” for Polygon users.

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. https://t.co/l3wkW3GfpA

— Google Cloud Singapore (@GoogleCloud_SG) September 29, 2023

Polygon isn’t the first project Google Cloud is serving as a validator for. In October 2022, the cloud computing platform announced it was running a validator node on the Solana (SOL) blockchain to help support the network.

That same month, Google Cloud also rolled out its Blockchain Node Engine, a fully managed node-hosting service designed for web3 organizations.

Ethereum was the first chain supported by the Blockchain Node Engine.

Google Cloud and Polygon Labs first started collaborating in April, when they announced “a multi-year strategic alliance to accelerate adoption of core Polygon protocols.”

In June, Polygon Labs announced that the founders and researchers of the blockchain have submitted a proposal that will enable the transition to Polygon 2.0, which aims to make the project the “value layer of the internet.”

The transition, if approved, will upgrade the project’s native MATIC token and rename it to POL.

MATIC is trading at $0.527 at time of writing. The 14th-ranked crypto asset by market cap is up 1.68% in the past 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Google Cloud Now a Polygon (MATIC) Network Validator Nearly a Year After Unveiling Same Service for Solana (SOL) appeared first on The Daily Hodl.

Google Cloud is now an official validator for the layer-2 blockchain Polygon (MATIC) proof-of-stake (POS) network.

Polygon Labs says that Google Cloud now joins more than 100 other validators in securing the Ethereum (ETH) scaling solution’s network.

The project notes that “high-quality, trusted, security-minded validators like Google Cloud provide an added layer of security” for Polygon users.

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. https://t.co/l3wkW3GfpA

— Google Cloud Singapore (@GoogleCloud_SG) September 29, 2023

Polygon isn’t the first project Google Cloud is serving as a validator for. In October 2022, the cloud computing platform announced it was running a validator node on the Solana (SOL) blockchain to help support the network.

That same month, Google Cloud also rolled out its Blockchain Node Engine, a fully managed node-hosting service designed for web3 organizations.

Ethereum was the first chain supported by the Blockchain Node Engine.

Google Cloud and Polygon Labs first started collaborating in April, when they announced “a multi-year strategic alliance to accelerate adoption of core Polygon protocols.”

In June, Polygon Labs announced that the founders and researchers of the blockchain have submitted a proposal that will enable the transition to Polygon 2.0, which aims to make the project the “value layer of the internet.”

The transition, if approved, will upgrade the project’s native MATIC token and rename it to POL.

MATIC is trading at $0.527 at time of writing. The 14th-ranked crypto asset by market cap is up 1.68% in the past 24 hours.

Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Google Cloud Now a Polygon (MATIC) Network Validator Nearly a Year After Unveiling Same Service for Solana (SOL) appeared first on The Daily Hodl.