Polygon Labs made a significant announcement on September 29th, revealing that Google Cloud has officially become a validator on the Polygon proof-of-stake network. This move sees Google Cloud joining a distinguished group of over 100 validators responsible for verifying transactions on the layer-2 Ethereum network. Validators play a crucial role in securing the Polygon network by operating nodes, staking MATIC tokens, and participating in the proof-of-stake consensus mechanism. Polygon Labs shared this partnership news on their X platform (formerly known as Twitter).
Google Cloud’s Singapore account confirmed its role as a validator on the Polygon PoS network, highlighting its commitment to enhancing the network’s overall security, governance, and decentralization, alongside the existing validators. Notably, while many validators on the Polygon network remain anonymous, Google Cloud now stands among notable participants, such as Germany’s Deutsche Telekom, one of Europe’s largest telecommunications companies.
Google Cloud characterizes its association with Polygon Labs as “an ongoing strategic collaboration.” In addition to becoming a validator, Google Cloud Asia Pacific released a YouTube video titled “Polygon Labs is solving for a Web3 future for all,” hinting at their broader involvement in shaping the future of the Web3 ecosystem.
Polygon Labs has recently launched its ambitious “Polygon 2.0” initiative, aimed at upgrading the Polygon network. The current phase, known as “Phase 0,” introduces three key Polygon Improvement Proposals (PIPs 17-19). PIP 17 involves transitioning from MATIC tokens to the new POL token, while PIPs 18 and 19 address various technical aspects related to POL and gas tokens. These transformative changes are expected to commence implementation in Q4 2023, further solidifying Polygon’s position in the rapidly evolving blockchain landscape.