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Google Cloud holds a 10,000-token stake in this blockchain network
Google’s cloud computing business is now a validator for the Polygon network, a Layer 2 blockchain built on top of Ethereum. In this role, Google Cloud holds a direct stake of more than 10,000 Polygon tokens ($MATIC) and participates in the confirmation of network transactions. Perspective: As a proof-of-stake blockchain network, Polygon relies on a network of decentralized validators rather than a single entity (such as a bank) to confirm transactions. With its cloud business now participating in Polygon, Google has put its considerable weight and reputation behind the project. “What Google will be doing is, ... (full story)