Google Cloud is now an official Polygon network validator, which is a very big honour for the Polygon network, as Google is the top tech internet giant in the world.
Polygon is a popular Proof-of-Stake (PoS) Ethereum Layer-2 scaling network. Matic is the native token of this blockchain network. Jayanti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic co-founded this crypto project in 2017. Currently, Jayanti Kanani is the CEO of Polygon Labs, the blockchain firm behind the Polygon network. Some government agencies in India use the Polygon network to maintain their online activities e.g. certificate issuance, FIR registration, etc.
On 29 Sep 2023, the Polygon team announced that Google Cloud now became a Polygon validator.
Google Cloud Singapore also officially confirmed that Google Cloud is one of Polygon’s official network validators.
Staking is a computational process that also involves the crypto asset holders to participate in the staking process to support the blockchain network and confirm transactions. In short, staking is a process to bring more network stability & security to the transactions.
Just a month ago, Polygon Labs announced its Polygon 2.0 plan. Under this plan, the Polygon blockchain will go through new development activities to make the Polygon network better for practical use cases.
Under this proposal, the Matic coin will be rebranded as a Poly token in the 1:1 form.
Matic coin price action
The current trade price of Matic coin is $0.528 & this trade price is 1.4% high over the last 24 hours trade price.
The majority of the Matic bullish crypto traders talked about Polygon’s other blockchain technology-powered tech solutions at which Polygon & Google Cloud are working collaboratively.
Experts considered such a high level of partnership between Polygon & Google as an opportunity for Polygon to show more strength in the crypto sector over other crypto networks.