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

5 November 2022, 18:01 GMT+0000
Updated by Ryan James
5 November 2022, 18:01 GMT+0000
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.

/Related

More Articles

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.

Disclaimer

BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back.