Google Cloud has recently become a validator on the Polygon network, a prominent Layer 2 Ether (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. More network. This collaboration, announced by Polygon Labs, adds Google Cloud to the existing set of over 100 validators tasked with verifying transactions on the network. Leveraging the infrastructure underpinning platforms such as YouTube and Gmail, Google Cloud will contribute to the overall security and integrity of the Polygon Proof-of-Stake (PoS) network.
This partnership extends beyond just a validator role and is described as an ongoing strategic collaboration towards the advancement of Web3 technologies. As part of this collaboration, Google Cloud released an informative YouTube video on Polygon Labs’ contribution to building a Web3 future. Overall, the involvement of a major player like Google Cloud in the Polygon ecosystem is expected to enhance the network’s credibility and security, benefiting its users across the globe.
In other news, Polygon’s native cryptocurrency, MATIC, has seen a slight rebound in price after breaking a 3-month downtrend. The token is currently trading at $0.5240, a 1.7% surge in the last 24 hours. However, the sustainability of this uptrend remains to be seen and will require further observation.
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