Trusted

Breaking: Google to Become Solana Validator, SOL Spikes 15%

1 min
Updated by Ryan Boltman
Join our Trading Community on Telegram

In Brief

  • Google Cloud has revealed that it would become a Solana validator.
  • The firm also announced an array of new products that it is integrating for the blockchain network.
  • SOL spiked by around 15% to $37.09
  • promo

Google Cloud announced that it is becoming a Solana validator, while also revealing other products and services it is integrating for the blockchain network.

According to the Nov. 3 tweet, the cloud service provider stated that it would be running a block-producing Solana validator which would enable it to participate in and validate the blockchain network.

Recently, Germany-based Hetzner kicked out around a thousand Solana validators citing a violation of its policies. However, co-founder Anatoly Yakavenko was adamant that a new validator would help maintain the network’s uptime, adding that there would be no more outages before the end of the year.

Google Cloud Announces Other Solana Products

Meanwhile, Google Cloud revealed that it would be working with Solana to bring Blockchain Node Engine to the Solana chain by 2023. The firm stated that this move will make it easy for anyone to launch a dedicated Solana node in the cloud.

The Blockchain Node Engine is a node hosting service that is famed for its use among Ethereum developers. By integrating Solana, Google would make the network easily accessible to a wider audience.

Google Cloud also stated that it would be indexing Solana data to make it for the Solana developer ecosystem to access historical data.

Google recently revealed intentions to start supporting crypto payments for its cloud services.

Following the news, Solana’s SOL token surged by around 15%, pushing its value closer to $40. As of press time, it was trading for $37.09, according to CoinMarketCap data.

Top crypto projects in the US | November 2024
Coinbase Coinbase Explore
Coinrule Coinrule Explore
Uphold Uphold Explore
3Commas 3Commas Explore
Chain GPT Chain GPT Explore
Top crypto projects in the US | November 2024
Coinbase Coinbase Explore
Coinrule Coinrule Explore
Uphold Uphold Explore
3Commas 3Commas Explore
Chain GPT Chain GPT Explore
Top crypto projects in the US | November 2024

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Oluwapelumi-Adejumo.png
Oluwapelumi Adejumo
Oluwapelumi Adejumo is a journalist at BeInCrypto, where he reports on a broad range of topics including Bitcoin, crypto exchange-traded funds (ETFs), market trends, regulatory shifts, technological advancements in digital assets, decentralized finance (DeFi), blockchain scalability, and the tokenomics of emerging altcoins. With over three years of experience in the industry, his works have been featured in major crypto media outlets such as CryptoSlate, Coinspeaker, FXEmpire, and Bitcoin...
READ FULL BIO
Sponsored
Sponsored