Ethereum

Pacific

Polygon

<p>Polygon Labs recently announced that Google Cloud has joined the Polygon Proof of Stake (PoS) network as a validator. This development not only signifies an important partnership but also the growing acceptance of the Polygon protocol as a secure and efficient blockchain protocol.&nbsp;</p> 
<p>According to Polygon, “the same infrastructure that powers YouTube and Gmail” will be used to secure the network.</p> 
<h2 class="wp-block-heading" id="polygon-lands-google-cloud-as-its-latest-validator">Polygon lands Google Cloud as its latest validator</h2> 
<p>Google Cloud joins over 100 other validators in verifying Ethereum layer-2 transactions. Validators on the Polygon network contribute to network security by operating nodes, pledging MATIC, and taking part in proof-of-stake consensus mechanisms.</p> 
<p>According to<a href="https://twitter.com/0xPolygonLabs/status/1707747034973757815" rel="nofollow noopener" target="_blank"> Polygon’s post, </a>“this month, @GoogleCloud became part of the decentralized validator set for Polygon PoS.” As many in the blockchain world have pointed out, this news represents more than simply another collaboration.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">This month, <a href="https://twitter.com/googlecloud?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">@GoogleCloud</a> became part of the decentralized validator set for Polygon PoS.<br><br>The same infrastructure used to power <a href="https://twitter.com/YouTube?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">@YouTube</a> and <a href="https://twitter.com/gmail?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">@gmail</a> is now helping to secure the fast, low-cost, Ethereum-for-all Polygon protocol.<br><br>With 100+ validators securing the Polygon PoS…</p>— Polygon (Labs) (@0xPolygonLabs) <a href="https://twitter.com/0xPolygonLabs/status/1707747034973757815?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">September 29, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>It represents the coming together of established tech titans and emerging blockchain platforms. Google Cloud, best known for powering digital behemoths like as YouTube and Gmail, is now lending its enormous infrastructure to protect the quick, low-cost Polygon protocol.</p> 
<p>The Google Cloud Singapore account confirmed on X that Google Cloud was “now serving as a validator on the Polygon PoS network,” adding that it would be “contributing to the network’s collective security, governance, and decentralization alongside 100+ other validators.”</p> 
<p>While many of Polygon’s validators are anonymous, Google Cloud joins Germany’s Deutsche Telekom, one of Europe’s largest telecoms companies, on the network.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">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" rel="nofollow" target="_blank">https://t.co/l3wkW3GfpA</a></p>— Google Cloud Singapore (@GoogleCloud_SG) <a href="https://twitter.com/GoogleCloud_SG/status/1707751106745659446?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">September 29, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Google Cloud, for its part, describes its relationship with Polygon Labs as “an ongoing strategic collaboration.” Along with the announcement that it would be joining the network as a validator, Google Cloud Asia Pacific also posted a YouTube video titled “Polygon Labs is solving for a Web3 future for all.”</p> 
<p><a href="https://www.cryptopolitan.com/polygon-price-prediction/">Polygon</a> Labs has recently introduced the “Polygon 2.0” initiative to update the network’s architecture underpinnings. According to reports, the present phase, “Phase 0,” consists of three Polygon Improvement Proposals, PIPs 17-19.</p> 
<p>PIP 17 entails the transition from MATIC to the new token POL, whereas PIPs 18 and 19 deal with supporting tasks such as the technical description of POL and the update of gas tokens. According to Polygon, these modifications will commence in the fourth quarter of 2023.</p> 
<h2 class="wp-block-heading" id="polygon-validators">Polygon Validators</h2> 
<p>Google Cloud is in good company, with over 100 validators already working hard to safeguard the Polygon PoS network. These validators are critical to the network’s integrity, consensus, and security.&nbsp;</p> 
<p>What is a crypto validator? A validator is a participant in a Proof of Stake (PoS) blockchain network who is in charge of validating new transactions and ensuring the blockchain’s security. Validators accomplish this by staking their crypto to support the network.</p> 
<p>Validators essentially validate new transactions and add them to the blockchain. This includes ensuring that blockchain transactions are valid according to network regulations and that the sender has sufficient funds to finish the transaction. Validators are compensated with transaction fees for their efforts.</p> 
<p>Validators are important for preserving network security in addition to validating transactions. They accomplish this by continuously monitoring the blockchain for signals of criminal activity, such as double-spending.&nbsp;</p> 
<p>A network participant must lock up a certain quantity of the network’s native coin in order to become a validator. This is known as crypto staking. This sum is provided as collateral to assure their honesty. Validators are basically incentivized to follow the rules because their stake, i.e. their funds, can be sliced if they engage in any nefarious behavior.</p> 
<h2 class="wp-block-heading" id="polygon-makes-major-development-strides">Polygon makes major development strides</h2> 
<p>Polygon has made significant gains toward scalability and innovation in 2023. Polygon has solidified its place as a key participant in the blockchain industry through a series of strategic partnerships and advances.</p> 
<p>Polygon reached a watershed moment in March when it released the public beta version of its zero-knowledge Ethereum Virtual Machine (zkEVM). This ground-breaking solution promises to improve the scalability and efficiency of the Polygon network, capturing the attention of the blockchain community.</p> 
<p>The “Polygon 2.0” endeavor is another recent topic of attention in the Polygon community. Polygon’s continual dedication to innovation and development is exemplified by this effort. According to recent reports, “Phase 0” of the <a href="https://www.cryptopolitan.com/canto-blockchain-migrates-to-ethereums-layer-2/">Polygon 2.0</a> program offered three critical Polygon Improvement Proposals (PIPs 17-19).</p>

Google Cloud is set to serve as a validator on the Polygon PoS Network

Table of Contents

Cryptopolitan_News

Other articles published on Sep 30, 2023

Is XRP’s Uptrend the Prelude to a New Bullish Phase?

FTX Hacker’s Wallet Activity Coincides with Ethereum ETFs’ US Launch

Dive Deep into Borroe.Finance: Is This Where the Next Crypto Goldmine Lies?

UAE’s TradeFinex and SBI Partner for XDC Network Adoption in Japan

How a U.S. Government Shutdown Could Reshape the Crypto Landscape?

COP Stock: ConocoPhillips Stock Price Targets For Oct 2023

Join our free newsletter for daily crypto updates!