Celo Network, the Ethereum-compatible layer-1 blockchain, has welcomed Google Cloud as a validator for its network
This collaboration is a significant step for both Celo and Google Cloud, and marks the tech giant’s further venture into blockchain and Web3 technology
Summary
Celo Network integrates Google Cloud as validator of its crypto network
In the blockchain world, validators play a crucial role in ensuring network security and integrity by validating and verifying transactions.
With the participation of Google Cloud as a validator, Celo’s network gains more security and credibility, joining other trusted validators such as Deutsche Telekom and impactMarket.
The move aligns with Google Cloud’s previous initiatives to support developers and Web3 products. In January 2022, the company created its digital assets team, signaling its interest in the rapidly expanding Web3 space.Â
In October of that year, Google Cloud unveiled the Blockchain Node Engine, a specialized service designed to host blockchain network nodes.
Celo’s recent decision to transition was supported by community governance, which voted in favor of cLabs’ proposal to transition the network to an Ethereum Level 2 scalability solution.
This transition should provide a more efficient and scalable platform that can meet the growing demands of Web3 users.
Xochitl Cazador, ecosystem growth manager at the Celo Foundation, emphasized the importance of Google Cloud’s Blockchain Node Engine in facilitating this transition.
The engine optimizes the transmission of transactions, eliminating the need to wait for nodes to synchronize, thus improving the overall speed and efficiency of the Celo network for its participants.
Google’s foray represents strong interest from tech industry giants
Cazador stressed that the collaboration with Google Cloud will enable Celo to create scalable, real-world solutions with tangible benefits for climate and communities around the world.
By leveraging Google Cloud’s effective node-hosting service, Celo aims to improve the adoption of blockchain technology on a global scale, making it more accessible and mainstream.
The integration of the Google Cloud validator offers immense potential to the Celo network. With the support of a tech giant like Google Cloud, the network gains greater security, reliability, and performance.
This is likely to attract more users and developers to leverage Celo’s platform to build innovative Web3 applications and services.
In addition, the partnership between Celo and Google Cloud demonstrates the growing interest of leading technology companies in the blockchain space.
As Web3 technology continues to evolve and gain momentum, collaborations like this one serve to confirm the potential and importance of blockchain in the future of the technology.
Google Cloud’s involvement in Celo also reinforces the credibility and legitimacy of blockchain and the crypto industry as a whole.
It signifies a growing acceptance of blockchain technology by established technology companies, which can have a positive impact on the wider adoption and recognition of cryptocurrencies and decentralized applications.
Conclusion: an important building block for the crypto world
To conclude, Celo Network’s collaboration with Google Cloud as a validator marks a significant milestone for both parties. For Celo, it means greater security and efficiency by transitioning to an Ethereum layer-2 scaling solution, which offers an easier experience for Web3 users.Â
For Google Cloud, it represents a deeper involvement in the blockchain space, opening up new opportunities to explore and contribute to the growing ecosystem of decentralized technologies.
As blockchain technology continues to mature and gain mainstream acceptance, such partnerships between established technology companies and blockchain networks will play a crucial role in shaping the future of Web3 and decentralized applications.
