The collaboration aims to “….bolster the growth of mission-aligned projects in Celo’s blockchain ecosystem and to expand the early adoption of Google Cloud services.” Celo foundation stated in their online blog.
As Google Cloud intertwines its prowess with Celo Network’s cutting-edge infrastructure, the possibilities for global decentralized finance and secure digital transactions become tantalizingly within reach.
The Google Cloud computing cloud service, along with Deutsche Telekom and other ecosystem members, is running a validator on the Celo network, the Celo Foundation said on Wednesday.
A validator assists in maintaining a blockchain’s security by taking part in the verification of new transactions.
Strengthening the Web3 Ecosystem with Celo Network and Google Cloud:
According to Carlos Arena, director of digital assets at Google Cloud,
“We’re focused on strengthening the Web3 ecosystem by providing founders and developers the tools they need to scale their applications. We are excited to support the network’s expansion by running a validator on the Celo network, which builds on our relationship with the Celo Foundation.”
The price of Celo’s cryptocurrency CELO increased by as much as 6% after the news broke. It has now reduced some of those gains, but it is still up 2.4% in the last day.