On September 29th, Polygon Labs made an announcement that Google Cloud has officially become a validator on the Polygon PoS network.
Google Cloud has joined a group of over 100 validators who are responsible for validating transactions on the Layer 2 (L2) Ethereum network of Polygon. In a statement shared on the X platform by Polygon Labs regarding this partnership, it was highlighted that the same infrastructure that powers YouTube and Gmail is now actively contributing to the security and efficiency of the Ethereum-compatible Polygon protocol, which offers fast and cost-effective transactions to a wide user base.
Validators within the Polygon network play a crucial role in ensuring the network’s security by operating nodes, staking MATIC tokens, and participating in the proof-of-stake consensus mechanisms. Google Cloud’s Singapore account officially confirmed that they are now serving as a validator on the Polygon PoS network, emphasizing their commitment to enhancing the network’s overall security, governance, and decentralization, alongside more than 100 other validators. Notably, among these validators, Google Cloud is now part of the same network as Deutsche Telekom, one of Europe’s leading telecommunications companies.
Google Cloud has described its collaboration with Polygon Labs as an ongoing strategic partnership. Alongside the announcement of their involvement as validators, Google Cloud APAC also released a YouTube video titled ‘Polygon Labs is shaping the future of Web3 for everyone.’ Polygon Labs recently initiated Polygon 2.0, a comprehensive update plan for the Polygon network. Phase 0, the current phase of this initiative, encompasses three Polygon Improvement Proposals (PIPs) numbered 17 to 19.
PIP 17 is focused on transitioning from the MATIC token to the new POL token, while PIPs 18 and 19 address various aspects related to supporting these changes, including providing a technical description of POL and updating gas tokens. Polygon has scheduled these changes to commence in the fourth quarter of 2023.
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