Share this article
Google Cloud Is Running a Validator on Celo Network
The cloud service joins Deutsche Telekom and other ecosystem contributors participating in validating the Celo platform.
Updated Aug 2, 2023, 3:02 p.m. Published Aug 2, 2023, 1:00 p.m.
- Celo has added Google Cloud to its list of network validators
- Google Cloud’s Blockchain Node Engine will aid Celo’s migration to an Ethereum layer 2
The Celo Foundation announced on Wednesday that Google’s computing cloud service, Google Cloud, is running a validator on the Celo network, joining Deutsche Telekom and other ecosystem contributors. A validator participates in verifying new transactions and helps maintain the security of a blockchain.
The initiative builds on Google Cloud and Celo’s long-standing relationship, including a previous collaboration where the Web2 giant worked with Celo to offer workshops and cloud computing services to developers and Web3 founders building on the network.
The Celo network recently passed a proposal to migrate from its own independent blockchain to an Ethereum layer-2 solution in a bid to simplify liquidity sharing between the two networks and to boost security.
“In order to streamline and accelerate the proposed transition to the Ethereum ecosystem, cLabs will leverage Google Cloud’s Blockchain Node Engine, a fully managed node-hosting service,” a press release noted.
The Blockchain Node Engine will facilitate node operations for Celo participants by relaying transactions and not waiting for nodes to sync, making it easier for Celo 2.0 to align with the Ethereum network, according to the press release.
“At Google Cloud, we’re focused on strengthening the Web3 ecosystem by offering founders and developers the tools they need to scale their applications,” Carlos Arena, director of digital assets at Google Cloud, said. “Running a validator on the Celo network builds on our collaboration with the Celo Foundation, and we look forward to helping to enable the growth of the network.”
The Celo Foundation was a founding partner of Google Cloud’s Web3 startup program.
Celo's token CELO rose as much as 6% in the minutes following the story. It's since pared some of those gains, but remains higher by 2.4% over the past 24 hours.
See Also: Google Cloud to Help Web3 Builders Fast-Track Their Startups
Update (15:00 UTC, 8/2/2023): Added price action
More For You
Most crypto privacy models weaken as blockchain data grows. Encryption-based models like Zcash strengthen. CoinDesk Research maps the five privacy approaches and examines the widening gap.
Why it matters:
As blockchain adoption scales, the metadata available to machine learning models scales with it. Obfuscation-based privacy approaches are structurally degrading as a result. This report provides a comprehensive comparison of all five major crypto privacy architectures and a framework for evaluating which models remain durable as AI capabilities improve.
More For You
Also: North Korea’s 6-month plot with Drift, Solana Foundation’s new ad and Alchemy AI.
What to know:
Welcome to The Protocol, CoinDesk's weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk.
In this issue:
- Quantum threat to Bitcoin is real, but manageable, according to Wall Street broker Bernstein
- How North Korea's 6-month long secret espionage program has crypto...
Top Stories
