Competition For Ethereum? Google Cloud Unveils Layer-1 Blockchain
Ethereum’s position as the default smart-contract settlement layer for tokenized finance is facing a new test after Google Cloud revealed plans for a Layer-1 network—Google Cloud Universal Ledger (GCUL)—explicitly aimed at financial institutions and programmable with Python. Google Cloud Enters The Arena In a LinkedIn post, Rich Widmann, Google Cloud’s global head of Web3 strategy, […]
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Google Cloud, the renowned cloud computing service provided by Google, has made a significant move by becoming a validator on the Polygon (MATIC) network. This collaboration aims to bolster the security of the Polygon Proof-of-Stake (PoS) network, with Google Cloud employing its infrastructure, which powers popular platforms like YouTube and Gmail, to contribute to the network’s integrity. Google Cloud Strengthens Polygon Network Security Polygon Labs, the team behind the Polygon protocol, recently announced that Google Cloud has joined their validator set. This move brings Google....
After revealing Alphabet Inc.’s Google Cloud partnership with Coinbase, the multinational technology conglomerate holding company has announced the firm’s “Google Cloud Blockchain Node Engine.” While more blockchains will be supported, Google said that “Ethereum will be the first blockchain supported by Blockchain Node Engine.” Google Launches Cloud-Based Blockchain Node Engine Alphabet Inc., otherwise known as Google (Nasdaq: GOOGL), revealed the firm’s newly launched Google Cloud Blockchain Node Engine on Thursday. The reason Google decided to release the engine is because it believes....
The service will simplify node infrastructure and onboarding for blockchain developers. According to a new announcement on Thursday, tech-giant Google says it's launching an in-house Blockchain Node Engine (BNE) based on Google Cloud. As a node-hosting service, BNE enables Web 3.0 companies to relay transactions, deploy smart contracts, and read or write blockchain data directly on Google Cloud. Ethereum will be the first blockchain supported by BNE. As told by Google: "Today, manually deploying a node is a time-intensive process that involves provisioning a compute instance, installing an....
After Google Cloud announced that it would offer a product called the “Blockchain Node Engine” and further noted that Ethereum would be the first blockchain supported, the company revealed it was running a Solana validator on Nov. 5, 2022. Google said that the cloud division is currently working with Solana in order to bring the firm’s Blockchain Node Engine to the Solana chain. Google Is Operating a Block-Producing Solana Validator, Firm’s Cloud Division Aims to Add Solana to Blockchain Node Engine’s Supported Blockchains in 2023 Google is stepping toward other blockchains....
Major cloud service providers are showing increased interest in joining blockchain networks. Blockchain is undergoing a critical turning point, shifting from an emerging technology into a useful business tool that enterprises want to incorporate into existing IT stacks. As more companies continue to explore how blockchain can help achieve digital transformation, major cloud service providers are showing increased interest. For example, Google Cloud recently became a network block producer by joining the EOS blockchain community. Block producers on EOS are elected by token holders to add....