Impact

Polygon

The 2.0

Notable

<p>In a significant move, Google Cloud has become a validator on the Polygon network. This development is monumental, marking the integration of a tech giant with the world of blockchain.</p> 
<p>&nbsp;</p> 
<h2 style="text-align: center;" id="strong-the-power-of-google-s-infrastructure-strong"><strong>The Power of Google’s Infrastructure</strong></h2> 
<p>&nbsp;</p> 
<p>Polygon has highlighted that the robust infrastructure behind popular platforms like YouTube and Gmail will now be instrumental in securing its network. This is a testament to the strength and reliability of Google’s technology, which will now be leveraged to ensure the integrity of the Polygon PoS network.</p> 
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<h2 style="text-align: center;" id="strong-google-cloud-s-entry-as-a-validator-strong"><strong>Google Cloud’s Entry as a Validator</strong></h2> 
<p>&nbsp;</p> 
<p>On September 29th, Polygon Labs made the official announcement that Google Cloud had joined its ranks as a validator. This means Google Cloud is now among the 100+ validators responsible for <a href="https://cointelegraph.com/news/google-cloud-validator-polygon-ethereum-network">verifying transactions</a> on Polygon’s L2 Ethereum network. The Google Cloud Singapore account further confirmed this development, emphasizing its role in enhancing the network’s security, governance, and decentralization.</p> 
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<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">This month, <a href="https://twitter.com/googlecloud?ref_src=twsrc%5Etfw">@GoogleCloud</a> became part of the decentralized validator set for Polygon PoS.</p> 
 <p>The same infrastructure used to power <a href="https://twitter.com/YouTube?ref_src=twsrc%5Etfw">@YouTube</a> and <a href="https://twitter.com/gmail?ref_src=twsrc%5Etfw">@gmail</a> is now helping to secure the fast, low-cost, Ethereum-for-all Polygon protocol.</p> 
 <p>With 100+ validators securing the Polygon PoS…</p> 
 <p>— Polygon (Labs) (@0xPolygonLabs) <a href="https://twitter.com/0xPolygonLabs/status/1707747034973757815?ref_src=twsrc%5Etfw">September 29, 2023</a></p>
</blockquote> 
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<h2 id="">&nbsp;</h2> 
<h2 style="text-align: center;" id="strong-notable-validators-on-polygon-strong"><strong>Notable Validators on Polygon</strong></h2> 
<p>&nbsp;</p> 
<p>While many validators on the Polygon network remain anonymous, some big names have been revealed. Google Cloud’s entry follows that of Deutsche Telekom, one of Europe’s leading telecommunications companies. This trend indicates that major tech and telecom players are showing increased interest in the Polygon network.</p> 
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<h2 style="text-align: center;" id="strong-a-strategic-collaboration-strong"><strong>A Strategic Collaboration</strong></h2> 
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<p>Google Cloud’s relationship with Polygon Labs isn’t just a fleeting partnership. It’s described as an “ongoing strategic collaboration.” To mark its entry as a validator, Google Cloud APAC even released a <a href="https://walletinvestor.com/magazinadmin/youtubers-who-promoted-ftx-are-being-sued-in-class-action-lawsuit/">YouTube</a> video titled “Polygon Labs is solving for a Web3 future for all,” highlighting their shared vision for the future of the web.</p> 
<p>&nbsp;</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">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. <a href="https://t.co/l3wkW3GfpA">https://t.co/l3wkW3GfpA</a></p> 
 <p>— Google Cloud Singapore (@GoogleCloud_SG) <a href="https://twitter.com/GoogleCloud_SG/status/1707751106745659446?ref_src=twsrc%5Etfw">September 29, 2023</a></p>
</blockquote> 
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<h2 id="">&nbsp;</h2> 
<h2 style="text-align: center;" id="strong-polygon-s-evolution-the-2-0-initiative-strong"><strong>Polygon’s Evolution: The 2.0 Initiative</strong></h2> 
<p>&nbsp;</p> 
<p>Polygon is on the brink of a significant transformation. The recent launch of the “Polygon 2.0” initiative aims to introduce major updates to the network. The current phase, “Phase 0,” features three Polygon Improvement Proposals (PIPs) – PIPs 17 to 19. These proposals include transitioning from the MATIC token to a new token, POL, and other technical enhancements. These changes are expected to be implemented by the end of 2023.</p> 
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<h2 style="text-align: center;" id="strong-google-cloud-s-impact-on-polygon-s-transition-strong"><strong>Google Cloud’s Impact on Polygon’s Transition</strong></h2> 
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<p>Polygon’s announcement of Google Cloud as an official validator comes after the news that Deutsche Telekom, T-Mobile’s parent company, also became a validator. This shows Polygon’s growing appeal among tech giants. Google Cloud’s involvement is particularly noteworthy given the network’s anticipated transition from a PoS chain to a validium. Validiums, while similar to zero-knowledge proofs, differ in data storage methods. They use off-chain storage, making the blockchain more efficient. However, this comes with trade-offs, as acknowledged by Polygon in a June blog. With the expected transition to a zkEVM validium by 2024, Google Cloud will play a pivotal role in securing the chain alongside other validators.</p> 
<p>&nbsp;</p> 
<h2 style="text-align: center;" id="strong-in-summary-br-strong"><strong>In Summary<br> </strong></h2> 
<p>&nbsp;</p> 
<p>The collaboration between Google Cloud and Polygon marks a new era in the blockchain world. As tech giants like Google show increasing interest in decentralized systems, the future of blockchain technology looks brighter than ever.</p> 
<p>&nbsp;</p>

Google Cloud has become a validator for the Polygon network

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