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Google Cloud Gets Deeper Into Crypto, Set To Deploy Tezos Nodes And Become Validator

Published 22/02/2023, 19:04
© Reuters.  Google Cloud Gets Deeper Into Crypto, Set To Deploy Tezos Nodes And Become Validator
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Benzinga - Google Cloud is set to join the ranks of validators on the Tezos (CRYPTO: XTZ) network, a blockchain platform, to enable its corporate clients to build Web3 applications on the network by deploying Tezos nodes.

This is not Google Cloud's first foray into the blockchain space. The company began offering node-hosting services for Ethereum (CRYPTO: ETH) in October, and became a validator on Solana (CRYPTO: SOL) shortly after.

Notably, Google Cloud has previously highlighted the risks associated with hacked accounts being used to mine cryptocurrency by malicious actors.

Also read: Retail Investors Lost Half Of Bitcoin Investment: Why The Globe Should Coordinate Regulation

This indicates that Google (NASDAQ: GOOG) (NASDAQ: GOOGL) is aware of the specific security risks involved in the digital asset industry.

James Tromans, engineering director of Web3 at Google Cloud, said, "At Google Cloud, we're providing secure and reliable infrastructure for Web3 founders and developers to innovate and scale their applications. We look forward to bringing the dependability and scalability of Google Cloud to power Web3 applications on Tezos."

Last September, Google Cloud agreed to run a validator node on the Ronin (CRYPTO: RON) network, which is a gaming-centric Ethereum sidechain.

Then, a month later, the cloud computing platform launched a blockchain node-hosting engine for Ethereum developers.

Next: EXCLUSIVE: BitPay Partners With ZenLedger To Streamline Cryptocurrency Tax Reporting

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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