Google Cloud Partners with Celo Network as Validator, Facilitating Ethereum Layer 2 Migration

Ethereum Google

Author

Fredrik Vold

Fredrik Vold

Author Categories

About Author

Author Profile

Share

Copied

Last updated:

October 23, 2023 05:34 EDT

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. Read more

Google Cloud has partnered with the Ethereum Virtual Machine (EVM)-compatible blockchain network Celo (CELO), and is already running a Celo network validator, according to an announcement.

The initiative builds on a collaboration between the two sides that was originally announced in April, when the focus was on supporting “sustainability-focused startups in the Celo ecosystem” with necessary cloud infrastructure.

By becoming a Celo validator, Google Cloud joins existing validators such as Animoca Brands, Deutsche Telekom, and others.

A network validator is an entity that participates in the verification of new transactions, and thus help to secure the network against attacks.

1/

Let's go back. In April, @googlecloud committed to helping sustainability startups on Celo build & scale apps, providing support for Founders Programs & co-hosting events and workshops on Web3 innovation & sustainability (@CeloOrg also partners w/ their Web3 Startup Program)

— Celo 🦇 🌳 (@Celo) August 2, 2023

Assist with migration to Ethereum layer 2

As part of the deal with Celo, Google Cloud’s solutions will also assist the project with its planned migration from being an independent blockchain to become a layer 2 network on top of Ethereum.

“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,” the announcement said.

The move to become a layer 2 network instead of an independent chain was proposed by cLabs, the core developer behind the Celo blockchain, in July, and is expected to enhance the scope and impact of Celo through increased security – given that Celo would inherit Ethereum’s security.

The Celo ecosystem already consists of over 1,000 different projects from around the world, including decentralized applications (dApps) such as universal basic income (UBI)-focused project GoodDollar, and so-called community inclusion currencies (CICs) based on Grassroots Economics, Celo’s announcement explained.