There has been a significant development between Google’s cloud network Google Cloud and a popular altcoin network. Google has announced that it will be a validator on the Tezos network. This caused a rise in Tezos’ XTZ coin. Here are the details…
Google will be a validator on the altcoin network
Google’s cloud computing operator will be the validator on the Tezos network. Google Cloud’s enterprise customers will be able to deploy Tezos nodes, a type of processing that runs blockchain software to verify and store the history of transactions to build Web3 applications on the network. The integration with Tezos marks the latest integration of Google Cloud with a Blockchain network.
cryptocoin.com As we reported, the platform started running a node hosting service for Ethereum projects in October and soon became a validator on Solana. Such integrations demonstrate the tech giants’ interest in Blockchain and Web3 projects. They can also inspire confidence in other companies interested in entering the industry using the scale and resilience and infrastructure provided by companies like Google. Google Cloud has previously highlighted the association between accounts hacked by malicious actors to mine cryptocurrencies.
Thus, he suggested that the company is adapting to certain security risks present in the crypto-asset industry. Google Cloud is a suite of public cloud computing services offered by Google. The platform includes a set of hosted services for compute, storage, and application development running on Google hardware. Google Cloud services can be accessed by software developers, cloud administrators, and other corporate IT professionals over the public internet or a private network connection.
Tezos price jumps
Tezos is a Blockchain network based on smart contracts, not much different from Ethereum. However, there is a big difference: Tezos aims to offer a more advanced infrastructure. So the infrastructure can evolve over time without the danger of a hard fork. Owners of XTZ can vote on protocol upgrade proposals put forward by Tezos developers. This open-source platform describes itself as “secure, upgradeable and built to last.” He says the smart contract language provides the accuracy needed for high-value use cases.
Following the Google Cloud news, the price of Tezos’ XTZ altcoin project rose from $1.20 to $1.34. At the time of writing, the coin is changing hands at $1.31, up close to 5%. Tezos is one of the well-established projects in the cryptocurrency market. Coin ranks 47th with a market cap of $1.2 billion. You can see the price change of the coin in the last 24 hours in the chart below:
