Google Cloud Companions with Celo Community as Validator, Facilitating Ethereum Layer 2 Migration
Google Cloud has partnered with the Ethereum Digital Machine (EVM)-compatible blockchain community Celo (CELO), and is already operating a Celo community validator, in line with an announcement.
The initiative builds on a collaboration between the 2 sides that was initially introduced in April, when the main focus was on supporting “sustainability-focused startups within the Celo ecosystem” with obligatory cloud infrastructure.
By turning into a Celo validator, Google Cloud joins present validators akin to Animoca Manufacturers, Deutsche Telekom, and others.
A community validator is an entity that participates within the verification of recent transactions, and thus assist to safe the community towards assaults.
Help with migration to Ethereum layer 2
As a part of the cope with Celo, Google Cloud’s options may even help the undertaking with its deliberate migration from being an unbiased blockchain to develop into a layer 2 community on high of Ethereum.
“As a way to streamline and speed up the proposed transition to the Ethereum ecosystem, cLabs will leverage Google Cloud’s Blockchain Node Engine, a totally managed node-hosting service,” the announcement mentioned.
The transfer to develop into a layer 2 community as an alternative of an unbiased chain was proposed by cLabs, the core developer behind the Celo blockchain, in July, and is predicted to reinforce the scope and influence of Celo by elevated safety – provided that Celo would inherit Ethereum’s safety.
The Celo ecosystem already consists of over 1,000 completely different initiatives from all over the world, together with decentralized purposes (dApps) akin to common fundamental earnings (UBI)-focused undertaking GoodDollar, and so-called group inclusion currencies (CICs) based mostly on Grassroots Economics, Celo’s announcement defined.
