Google Enters Deeper Into Blockchain – Layer Zero Deal
It seems that Google has plans for diving even deeper into the blockchain. Check out the latest juicy reports about the latest partnership that the tech giant is flaunting. Google new partnership LayerZero, a blockchain...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
It seems that Google has plans for diving even deeper into the blockchain. Check out the latest juicy reports about the latest partnership that the tech giant is flaunting.
Google new partnershipLayerZero, a blockchain interoperability protocol, has announced a significant alliance with Google Cloud. As a result, LayerZero has chosen Google Cloud as the default oracle for cross-chain messages.
The partnership is aimed at ensuring the seamless functioning of multiple blockchains as many believe that they will co-exist in the future.
The aim is to allow for secure communication between these chains, providing a better user and developer experience.
LayerZero Labs took to Twitter to announce the partnership, stating that “The Google Cloud oracle is a purpose-built verifier that is available today to all LayerZero applications and will be configured as the default as of September 19th.”
Following their partnership, some members of the community expressed concerns about the impact it could have on LayerZero’s decentralization.
One user on Twitter addressed Bryan Pellegrino, the CEO of LayerZero Labs, and asked if this move would compromise decentralization in the pursuit of long-term security.
Pellegrino reassured them, stating that the company’s goal has always been to provide maximum flexibility for developers and applications.
While some may choose to use this partnership as a key component in their security framework, others may combine it with other solutions such as Polyhedra Network, TSS, or any other oracle to create their own unique security stack.
Google’s Web3 strategyAccording to BeInCrypto, not only LayerZero and Aptos, but also Google has been seeking collaborations with different Web3 companies.
In April 2023, Google entered into a multi-year partnership with Polygon Labs, enabling Polygon developers to utilize Google Cloud infrastructure.
To gain more insights, we recommend reading the full article posted by the aforementioned online publication. Stay tuned for more details about the crypto space’s latest innovations and advancements.
Why this matters
This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
Wyoming Stable Token Commission cites LayerZero security failures in switch to Chainlink CCIP
Wyoming's switch to Chainlink CCIP underscores the critical need for robust security in state-backed digital asset infrastructure....
SEC Stock-Token Exemption Will Likely Let Companies Opt Out, Securitize’s Brett Redfearn Says
Brett Redfearn, president of Securitize and director of the SEC’s Division of Trading and Markets from 2017 to 2020, expects the a...
Kraken Lets Users Earn DeFi Yield on Nvidia and ETF xStocks
Kraken has launched on-chain yield vaults for three tokenised securities, enabling qualified clients to earn variable rewards from...
Bitcoin Price Prediction: AI Falls, Oil Jumps as Crypto Awaits Tomorrow’s Clarity Act
Our Bitcoin price prediction is leaning bullish, as it trades at $77,700 and holds firm while equities take a beating. There’s a d...
Solana Mobile warns users of phishing risks after Brevo breach
The Brevo breach underscores the critical need for robust third-party vendor security assessments to mitigate phishing risks in th...
Uniswap Labs’ stable pair hook becomes highest volume pool on Ethereum
Uniswap's innovative StablePair Hook could reshape decentralized finance by enhancing stablecoin trading efficiency and liquidity...