Google Cloud is now a validator in the Polygon proof-of-stake netwaork, as revealed by Polygon Labs on September 29.
Polygon Labs announced the agreement in a post on the X platform (formerly Twitter): “It has been said that “the same infrastructure that powers @YouTube and @gmail is now helping to secure the fast, low-cost, Ethereum-for-all Polygon protocol.”
By running nodes, staking MATIC, and engaging in proof-of-stake consensus procedures, validators on the Polygon network contribute to the security of the network.
The Singaporean Google Cloud account said on X that the company was “now serving as a validator on the Polygon PoS network,” adding that Google Cloud will be “contributing to the network’s collective security, governance, and decentralization alongside 100+ other validators.”
Google Cloud, together with one of Europe’s leading telecommunications companies, Deutsche Telekom, has joined Polygon’s network of anonymous validators.
Google Cloud and Polygon Labs have what they call “an ongoing strategic collaboration.” In addition to announcing its participation in the network as a validator, Google Cloud Asia Pacific also shared a YouTube video with the tagline “Polygon Labs addresses for a Web3 future for all.”
A new program called “Polygon 2.0” has been introduced by Polygon Labs to modernize the Polygon system. Three Polygon Improvement Proposals (PIPs) 17-19 are included in the current phase, “Phase 0,” as published by Cointelegraph.
The new token, POL, is the subject of PIP 17, while related efforts, such as the technical definition of POL and the update of gas tokens, are the subject of PIPs 18 and 19, respectively. These alterations, as reported by Polygon, are expected to commence in the fourth quarter of 2023.