Celo

Engine

Foundation

<ul> 
 <li>The network approved to switch from its own blockchain to an Ethereum layer-2 solution.</li> 
 <li>Post the announcement the price spiked briefly reached almost $0.52.</li> 
</ul> 
In addition to Deutsche Telekom and other ecosystem participants, Google’s computing cloud service, <a href="https://thenewscrypto.com/indicio-launches-proven-sandbox-on-google-cloud/" target="_blank" rel="noopener noreferrer nofollow">Google Cloud</a>, is now operating a validator on the Celo network, the Celo Foundation stated on Wednesday. A validator is a user who takes part in the process of confirming new transactions and protecting a blockchain’s integrity. 
<div align="center"> 
 <blockquote class="twitter-tweet"> 
 It's official––the <a href="https://twitter.com/googlecloud?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@googlecloud</a> &amp; <a href="https://twitter.com/CeloOrg?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@CeloOrg</a> partnership continues! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f91d.png" alt="🤝" class="wp-smiley" style="height: 1em; max-height: 1em;"> Importantly, <a href="https://twitter.com/googlecloud?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@googlecloud</a> is running a validator on the Celo network, helping to strengthen the network’s security. <a href="https://t.co/vTzadH8t1d" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/vTzadH8t1d</a>— Celo 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f987.png" alt="🦇" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f333.png" alt="🌳" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CeloOrg) <a href="https://twitter.com/CeloOrg/status/1686724806232920066?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 2, 2023</a> 
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
</div> 
In the past, Google Cloud and <a href="https://celo.org/" target="_blank" rel="noopener noreferrer nofollow">Celo</a> have worked together to provide seminars and cloud computing services to devs and Web3 founders working on the network; this new project expands on that partnership. 
<h3 class="wp-block-heading" id="h-proposal-approved">Proposal Approved</h3> 
Recently, the Celo network approved a proposal to switch from its own blockchain to an Ethereum layer-2 solution, with the goals of improving security and making it easier to share liquidity between the two networks. 
According to the proposal page, 128 voted in favor of the change, 2 voted against it, and 1 didn’t vote at all. Since Celo is already EVM-compatible, developers familiar with <a href="https://thenewscrypto.com/financial-giants-eye-early-dominance-in-ethereum-futures-etf/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> may quickly transfer over current applications or create new ones using the same tools. 
As per the press release: 
<blockquote class="wp-block-quote"> 
 “In order to streamline and accelerate the proposed transition to the Ethereum ecosystem, cLabs will leverage Google Cloud’s Blockchain Node Engine, a fully managed node-hosting service.” 
</blockquote> 
According to the announcement, the Blockchain Node Engine will make it simpler for Celo 2.0 to sync with the Ethereum network by relaying transactions without waiting for nodes to synchronize. 
The Celo Foundation helped launch the Web3 startup program on Google Cloud earlier. Post the announcement the price spiked briefly reached almost $0.52. According to <a href="https://coinmarketcap.com/currencies/celo/" target="_blank" rel="noopener noreferrer nofollow">CMC</a>, the price of CELO is trading at $0.497 and is up 1.45 in the last 24 hours. 
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Google Cloud Expands Partnership With Celo Network as Validator

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