Celo Blockchain network has welcomed Google Cloud as an official validator. In this role, Google Cloud will serve as a key cloud provider for cLabs, utilizing Celo’s infrastructure to create and scale Web3 applications, as well as validate transactions and secure the blockchain.
The Significance of Validators in Celo
Celo is a carbon emission-free cryptocurrency payment network, designed to make Decentralized Finance (DeFi) services accessible to anyone with a smartphone, regardless of their geographical location.
The Celo Foundation has announced this partnership, adding Google Cloud to Deutsche Telekom and other companies that already support the system. Validators play a vital role in verifying new transactions, thereby ensuring the integrity of a blockchain that operates on a Proof of Stake consensus.
Celo’s Transition to Ethereum Layer 2
In late July, the Celo community unanimously voted in favor of a cLabs proposal to integrate Celo as a layer 2 solution on the Ethereum network, aimed at enhancing the network’s scalability, security, and applicability. The initiative involves the creation of a decentralized sequencer, backed by all validators in Celo, and requiring off-chain data via EigenLayer.
To achieve this, cLabs will leverage Google Cloud’s Blockchain Node Engine, a service that streamlines the operations of nodes that require extensive synchronization within the Celo network, transmitting transactions securely without delays in node synchronization. This allows Celo 2.0 to seamlessly merge with the Ethereum network and its users.
Google Cloud: A Catalyst for Celo’s Scalability
Carlos Arena, the head of digital assets at Google Cloud, states that his firm is empowering the Web3 ecosystem by providing developers with the essential tools to grow their applications. By acting as a validator in Celo, they aim to boost the network’s growth.
Celo hosts an ecosystem of 1000 projects across more than 150 countries, including decentralized applications like GoodDollar, universal basic income distributors, and community inclusion currencies in Grassroots Economics, with an active user base of 80,000 and 20,000, respectively.
Written by NFTEXPRESS (TW: @nftexpress_en)