Google to Become Solana Validator, SOL Increases 15%

by Nov 8, 2022CryptoNews0 comments

The cloud service company claimed in a tweet on November 3 that it will be operating a block-producing Solana validator, allowing it to participate in and validate the blockchain network.

Hetzner, situated in Germany, recently kicked out about a thousand Solana validators for violating company regulations. Co-founder Anatoly Yakavenko, on the other hand, was adamant that a new validator would assist preserve network uptime, adding that there will be no more outages before the end of the year.

Google Cloud Announces Other Solana Products

Meanwhile, Google Cloud announced a partnership with Solana to provide Blockchain Node Engine to the Solana chain by 2023. According to the company, this step will make it simple for anybody to build a dedicated Solana node in the cloud.

The Blockchain Node Engine is a node hosting service popular among Ethereum developers. Google would make the network more accessible to a larger audience by including Solana.

Google Cloud also announced that it will index Solana data so that the Solana developer community would have access to historical data.

Google has announced plans to begin accepting cryptocurrency payments for its cloud services.

Following the announcement, the value of Solana’s SOL token increased by around 15%, bringing it closer to $40. According to CoinMarketCap statistics, it was trading for $37.09 at the time of publication.

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