On September 29, Polygon Labs declared that Google Cloud had become a validator on the Polygon PoS network. One of the more than 100 validators now confirming transactions on the L2 Ethereum network is Google Cloud. The quick, inexpensive, Ethereum-for-all Polygon protocol is now being secured using the same infrastructure that powers YouTube and Gmail.
By running nodes, staking MATIC, and taking part in proof-of-stake consensus procedures, validators on the Polygon network contribute to the network’s security. Google Cloud Singapore reported on Twitter that it has joined more than 100 other validators in the Polygon PoS network as a validator, adding to the network’s overall security, governance, and decentralization.
Google Cloud joins Deutsche Telekom, one of Europe’s biggest telecommunications companies, on the Polygon network, while the majority of the validators are still nameless. Google Cloud refers to its partnership with Polygon Labs as “an ongoing strategic collaboration.” In addition to the declaration that it would be joining the network as a validator, Google Cloud APAC also made a YouTube video titled “Polygon Labs is solving for a Web3 future for all.”
To modernise the Polygon network, Polygon Labs has unveiled its “Polygon 2.0” effort. According to some sources, the current phase, “Phase 0,” includes PIPs 17–19, which are three polygon improvement proposals. PIP 17 deals with the changeover from MATIC to the new token POL, while PIPs 18 and 19 deal with related tasks including upgrading petrol tokens and providing a technical description of POL. These improvements are anticipated to start happening in Q4 2023, per Polygon.