Google Cloud recently joined the decentralized validator set for the Polygon network, a move that will enhance the overall performance of Polygon PoS. The introduction of new validators will strengthen the network’s collective security and governance. The news has been met with mixed reactions from the Polygon community. Google Cloud will now be responsible for securing the fast, low-cost, Ethereum-for-all Polygon protocol. With over 100 validators securing the Polygon PoS Network, Google Cloud is in good company.Validators are nodes running on the Polygon Network and are responsible for validating transactions within the network. They are chosen through a staking process that requires them to lock up a certain amount of MATIC tokens.Google Cloud is attempting to expand its reach into the Cryptocurrency and Blockchain industry. Google’s cloud-computing business previously expanded its reach by adding 11 networks to its ‘BigQuery’ program back in September.The market’s reaction to the new development has been largely positive. One user stressed the importance of this milestone, stating that the move is a promising long-term strategy. Another community member seems convinced that the move perfectly depicts how centralized and decentralized networks can integrate. However, some users are not convinced that the integration fuels decentralization. “It’s not decentralized at all if it’s proof of stake and one node has significantly more stake than the rest.” Another user responded. Google Cloud has become a part of the decentralized validator set for Polygon PoS, joining over 100 validators in the network. The move is seen as a positive step for the Polygon community, as it will contribute to the collective security of the network and its governance. The market’s reaction to the news has been largely positive, although some users are not convinced that the integration fuels decentralization.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | None |
| Companies | Google Cloud, SEC, YouTube, BigQuery, Gmail, FCA, CySEC, Polygon, FINRA |
| Currencies | PayPal USD, Bitcoin, Polygon, Ethereum |
| Securities | None |
