Originally published on: November 07, 2024
In a significant move showcasing the increasing acceptance of cryptocurrency by tech giants, Google Cloud has emerged as the main validator on the Cronos blockchain.
As part of its ongoing partnership with Cronos Labs, Google Cloud is set to become the main validator on the blockchain. This partnership aims to drive technical innovation and enhance developer adoption on the network.
Rishi Ramchandani, the head of Web3 APAC at Google Cloud, emphasized that this collaboration underscores Google Cloud’s commitment to the Web3 space.
By joining the pool of 32 validators on the Cronos Ethereum Virtual Machine (EVM) protocol, Google Cloud will play a key role in ensuring the security and decentralization of the network by validating and confirming new blocks.
Cronos Labs’ focus on engaging open-source contributors and validators with advanced technical expertise is evident in their alliance with Google Cloud, along with other prominent validators such as Crypto.com, Blockdaemon, Ubisoft, and Exaion.
Ken Timsit, the managing director at Cronos Labs, highlighted the growing trend of global giants like Google Cloud venturing into the Web3 space, with more developer-centric companies expected to follow suit.
Timsit emphasized the value that Google Cloud brings to end-users and developers on the Cronos network as the primary cloud provider, citing other major companies exploring Web3 technologies such as luxury carmakers Lamborghini and Ferrari, Amazon Web Services, and renowned clothing brands like Dolce & Gabbana, Nike, and Adidas.
The partnership between Google Cloud and Cronos Labs not only signifies a significant step forward in the adoption of cryptocurrency by tech giants but also underscores the increasing relevance of the Web3 ecosystem in shaping the future of technology and innovation. Stay tuned for more updates on the dynamic world of blockchain and cryptocurrencies. Remember to subscribe to our newsletter for the latest insights and analysis in the world of finance and decentralized technologies.
