IMPORTANT POINTS:
- Google Cloud has joined as a validator on the Polygon community, utilizing the infrastructure that powers YouTube and Gmail to safe the community.
- The relationship between Google Cloud and Polygon Labs is described as an “ongoing strategic collaboration,” with a concentrate on the future Web3.
- Polygon Labs has launched the “Polygon 2.0” initiative, with key adjustments such as the transition to the POL token, scheduled for This fall 2023.
Google Cloud takes a big step in the world of blockchain by changing into a validator on Polygon community. As reported on September 29, this collaboration implies that the “same infrastructure used to power YouTube and Gmail” will now assist safe Polygon’s community.
This announcement was made by Polygon Labs, reiterating the power that Google Cloud will deliver as a validator in Polygon’s Proof-of-Stake community, marking an superior stage in transaction validation alongside greater than 100 different validators in its layer community. 2 Ethereum.
A strategic collaboration
In a submit shared by Polygon Labs on the X platform, it was highlighted that
“The infrastructure that supports tech giants like @YouTube and @gmail will now be helping to “secure the fast, low-cost, and everyone-friendly Polygon protocol on Ethereum.”
Validators on the Polygon community, working nodes, staking MATIC, and taking part in the proof-of-stake consensus mechanics, are very important to the security of the community.
For its half, the Google Cloud Singapore account on the X platform confirmed its function as a validator on Polygon’s PoS community, mentioning that they might be “contributing to the collective security, governance and decentralization of the network alongside 100+ other validators”. This dedication not solely underlines the rising acceptance and participation of know-how giants in blockchain, but in addition displays a sustained curiosity in fostering a decentralized and safe ecosystem.
It will not be widespread for validators to be revealed on the Polygon community, nevertheless, together with Google Cloud, German agency Deutsche Telekom, one of Europe’s largest telecommunications corporations, has additionally joined the community. This participation of famend entities could be interpreted as a constructive step in direction of adoption and validation of blockchain infrastructure.
Google Cloud describes its relationship with Polygon Labs as “an ongoing strategic collaboration”, highlighting the long-term imaginative and prescient of this alliance. Along with the announcement, Google Cloud Asia Pacific launched a video on YouTube titled “Polygon Labs is solving for a Web3 future for everyone”which underlines the widespread objective of transferring in direction of a Inclusive and accessible Web3.
Moving in direction of Polygon 2.0
Recently, Polygon Labs launched its initiative “Polygon 2.0” To improve the community, “Phase 0”, which is the present part, presents three Polygon Improvement Proposals, PIPs 17-19.
PIP 17 focuses on the transition from MATIC to new POL tokenwhereas PIPs 18 and 19 deal with help efforts such as the technical description of POL and the replace of gasoline tokens.
According to Polygon, these modifications are anticipated to start rolling out in the fourth quarter of 2023displaying a transparent roadmap for the evolution of the community.
