In a statement on September 29th, Polygon highlighted that the infrastructure powering Google’s leading products such as YouTube is currently helping strengthen their protocol.
Polygon described Google Cloud as a “high-quality, reliable, and security-focused validator.” As a validator, Google Cloud will verify transactions and enhance the security of users on Heimdall, Bor, and Polygon PoS. This addition will further bolster the network’s trustworthiness and promote adoption.
Additionally, Google Cloud emphasized its commitment to contributing to overall network security, governance, and layer 2 network scalability.
Cryptocurrency YouTuber Ajay Kashyap noted that this development is evidence of Polygon’s overall growth despite the current market conditions. Kashyap stated:
“MATIC is a cryptocurrency project that not only survives in bear markets but also expands globally, from building new products to forming partnerships and collaborations.”
Interestingly, Google Cloud’s stake in Polygon is relatively modest. According to Polygon data, the new validator has staked 10,451 MATIC (equivalent to $5,491 USD) and earned 30.01 MATIC, valued at $15.77 USD at the time of writing.
This collaboration is not Google Cloud’s first foray into the blockchain space, as it has partnered with various platforms, including Solana.
Recently, Polygon has consistently attracted the attention of major technology companies to its ecosystem. Deutsche Telekom became a validator earlier this year. Furthermore, several layer 1 blockchain networks are using its technology to transition to layer 2 networks built on Ethereum.
To sum it up, Polygon’s partnership with Google Cloud as a validator is a significant development in strengthening the network’s security and trustworthiness. Despite challenging market conditions, Polygon continues to expand its presence in the blockchain space, drawing interest from major technology players.