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To learn more about Google Cloud and its upcoming plans to explore the crypto space, go to Benzinga Future of Digital Assets eventon Nov. 14 where Google Cloud Head of Strategy and Web 3Rich Widmann will be speaking aboutWeb3 Innovations and Google's Role in Scaling Blockchain Solutions for Mass Market Integration.

Polygon MATIC/USD took to X (previously known as Twitter)to announceAlphabet Inc.'s GOOGL GOOG Google Cloud will now become a part of the decentralized validator set for Polygon Proof-of-Stake (PoS) Network.

The network boasts more than 100 validators besides Google Cloud, whichwill secure the chain and guarantee data availability.

Polygon indicatedthe same infrastructure used to power YouTube and Gmail will be used for securing its own network. Polygon staking dashboard shows Google Cloud staked just over $5,300 worth of MATIC on Polygon to date.

A few months ago, T-Mobiles parent company, Deutsche Telekom, also became a validator of Polygon indicating that the latter attracts the interest of large tech firms.

Why Does It Matter? Googles association with Polygon is likely to have implications for the latters expected to switch from a PoS chain to a validium, which is like zero-knowledge proofs.

They are different in how they store data. Instead of storing data on Ethereum, validiums depend on off-chain storage solutions. This makes the blockchain less clogged and more efficient.

The transition to a zkEVM validium should occur by early 2024 as per Polygon Labs.

In June 2023, Polygon admitted the need for off-chain storage as a decentralization trade-off. Since only the proofs are stored on-chain, rather than the underlying data, validiums dont benefit from Ethereums security.

Join Benzinga'sFintech Deal Day& Awards on Nov. 13 andFuture of Digital Assetson Nov. 14 in New York City to stay updated on trends like AI, regulations, SEC actions and institutional adoption in the crypto space.Secure early bird discounted tickets now!Whats more, USE BZCRYPTO code to get 20% OFF.

Photos: Shutterstock

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