Polygon Labs introduced on Friday that Google Cloud has joined its ranks as a decentralized validator.
In a September 29 assertion on X, Polygon highlighted that the infrastructure powering Google’s flagship merchandise like YouTube is now serving to to fortify its protocol.
Google Cloud’s Role as Polygon Validator
Polygon described Google Cloud as a “high-quality, trusted, security-minded validator.” As a validator, Google Cloud will confirm transactions and improve the security of Heimdall, Bor, and Polygon PoS users. This addition will additional assist to bolster the community’s credibility and drive adoption.
On the opposite hand, Google Cloud emphasised its dedication to contributing to the collective safety, governance, and decentralization of the layer2 network.
Crypto YouTuber Ajay Kashyap said the brand new improvement was proof of Polygon community’s total development regardless of the prevailing market scenario.
Kashyap opined that:
“MATIC is that one Crypto project that has not only survived during the Bear run but also managed to spread itself worldwide From building new products to collaboration and partnership.”
Google Cloud Stakes 10K MATIC
Interestingly, Google Cloud’s stake in Polygon is comparatively modest. According to Polygon’s staking dashboard, the brand new validator staked 10,451 MATIC (equal to $5,491) and earned 30.01 MATIC, valued at $15.77 as of press time.
Meanwhile, this collaboration isn’t Google Cloud’s first foray into the blockchain house, because it has partnered with varied platforms, together with Solana.
Recently, Polygon has constantly been attracting the interest of large technology firms to its ecosystem.
Deutsche Telekom turned a community validator earlier within the 12 months, as BeInCrypto Spain reported. Additionally, a number of layer1 blockchain networks are using its expertise to transition into an Ethereum-based layer2 community.
MATIC’s Price Sees Minor Increase
Following the information, Polygon’s MATIC price skilled a minor uptick of 1.36% to $0.5283, in line with BeInCrypto knowledge.
This worth motion represents a rebound from MATIC’s yearly low of $0.5040 recorded earlier within the week and indicators a break from the three-month downtrend.
With this downtrend behind it, MATIC seems poised for a restoration interval, as market indicators recommend an upturn is on the horizon.
Disclaimer
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