Partnership Highlights
On September 29, Polygon Labs cheerfully announced that Google Cloud has joined its proof-of-stake (PoS) network as a validator. This partnership adds another feather to Polygon’s cap, as Google Cloud is now among the over 100 validators on its layer-2 Ethereum network.
Validator Responsibilities
So, what exactly does a validator do? Think of them as the guardians of the blockchain realm. Validators secure the network by operating nodes and participating in proof-of-stake consensus mechanisms. They’re like those trusty bouncers you see at clubs – only less muscular and more math-savvy. Validators also stake MATIC (the native token), which requires a commitment akin to having a gym membership – you can’t just sign up and sit on your couch!
Infrastructure Behind the Magic
Google Cloud’s involvement means that the same infrastructure powering popular services like YouTube and Gmail is now instrumental in securing the fast and low-cost Polygon protocol, aimed at making Ethereum accessible for all. It’s like using a spaceship to deliver pizza – speedy, efficient, and a bit high-tech.
Who’s Joining the Party?
Google Cloud isn’t the only heavyweight in the Polygon network. They join the ranks alongside Deutsche Telekom, one of Europe’s largest telecommunications firms. However, with many Polygon validators operating anonymously, it’s like a celebrity masquerade ball – you never quite know who’s behind the mask.
The Road Ahead: Polygon 2.0
In tandem with this partnership, Polygon Labs is gearing up for its “Polygon 2.0” initiative. This ambitious project consists of several phases, the first of which involves transitioning from the MATIC token to the new POL token, much like changing your favorite snack to a healthier option. The Polygon Improvement Proposals (PIPs) are set to roll out starting in Q4 2023, promising exciting changes and updates for the network.
+ There are no comments
Add yours