Google Cloud Joins EOS Blockchain Network
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Google Cloud Joins EOS Blockchain Network

October 7, 2020      Jafrin Ahmed

Google Cloud joins forces with EOS as a block producer node for the EOS blockchain network.

In its official statement online, Google published:

“Google Cloud has partnered with Block.one and will become a block producer candidate to provide infrastructure in support of the EOS network, which is built on the EOSIO blockchain protocol published by Block.one. Google Cloud’s highly provisioned, the low-latency global fiber-optic network provides stability, reliability, security, and extensive global infrastructure coverage for Block.one’s public blockchain efforts and development.”

Allen Day, a noted developer at Google Cloud, shares that his division is already “starting the process of becoming a block producer candidate”, signifying that his team will use its sophisticated tech infrastructure to validate transactions within a blockchain network.

Day adds that Google Cloud is aiming towards on-chain data that is “securely stored, reliably available, and can be accessed in meaningful ways.”

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Creator of EOS and CTO of Block.one (parent company for EOS), Dan Larime adds that Google will provide “secure oracles, inter-chain transaction reporting, key management, and high-integrity full-node validation.”

However, as the EOS Blockchain network relies on voting to select on active block producers, the Silicon Valley giant will not necessarily be an active block producer for EOS.

EOS Price Stirs Up

Meanwhile, the largest block producers in the industry such as EOS Nation and big crypto players like Bitfinex, OKEx, and Binance are already established as the reputed block producers. The team, therefore, need to amp up to compete with these industry giants.

The recent news has caused quite a storm in the market price of EOS by stirring up with a whopping 7.8% over the past 24 hours.

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However, despite a positive outcome, critics are not completely happy about it. Some view that EOS’s block producer system is not reliable and is often criticized for its prone to excessive centralization. Perhaps, Google cloud might make the situation better, however, it will completely solve it too.

Google is one of the mainstream tech companies to become an EOS block producer. The new partnership ensures a newer way for its open-source developer community to build and grow the EOS ecosystem.

 

#Block Producer #Blockchain Technology #EOS #Google Cloud
Jafrin Ahmed
Jafrin Ahmed

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.