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Tuesday, May 30, 2023
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.


Google Cloud set to bring functionality options to Polygon Labs protocols

The dataset enables developers to analyze real-time on-chain and cross-chain data

Google Cloud brings more functionality options to Polygon Labs protocols
Photo by Traxer via Unsplash

Developers using the polygon blockchain will enjoy a welcome boost courtesy of a deal struck by Google Cloud and Polygon Labs to bring more engineering and go-to-market initiatives to Web3 products and decentralized applications on Polygon protocols.

On Thursday, Alphabet-subsidiary (NASDAQ: GOOG) Google Cloud and Polygon Labs announced a multiple-year strategic alliance to boost core polygon protocols with infrastructure and tools.

Google Cloud is planning to introduce its fully managed node hosting service, called the Blockchain Node Engine, to the Polygon ecosystem. This move aims to help developers save time and reduce the expenses involved in provisioning, maintaining, and operating their dedicated blockchain nodes. By supporting Polygon, Google Cloud will provide more options for cloud services to the Polygon ecosystem.

Polygon Labs is the research and development arm of the Polygon network.

When the support for Polygon becomes available, developers using Blockchain Node Engine will no longer have to deal with configuring or operating their Polygon Proof of Stake (PoS) nodes. They can concentrate on scaling their projects while still retaining complete control over where their nodes are deployed.

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Developers can access staking nodes through Google Cloud’s marketplace

Developers will be able to deploy a PoS node effortlessly through the Google Cloud Marketplace due to the implementation of a one-click deployment option. In 2021, the Google Cloud Public Dataset Program listed the Polygon blockchain dataset on the Google Cloud Marketplace.

This dataset enables developers to analyze real-time on-chain and cross-chain data by combining it with Google Cloud’s serverless enterprise data warehouse, called BigQuery, and either Polygon PoS or Polygon Supernets.

This analysis can provide valuable insights to help inform decision-making.

Polygon Supernets are a network of customized nodes on the polygon blockchain that power an application-specific environment, allowing enterprises and developers to customize and extend blockspace based on their requirements. Polygon Labs will enable developer net deployments on Google Cloud by the end of Q3, 2023.

Polygon Labs plans to leverage Google Cloud’s services as a strategic cloud provider to further its zero-knowledge innovation strategy. This collaboration aims to empower Web3 developers to avoid compromising on three critical properties: decentralization, scalability, and security.

Zero-knowledge proofs are a commonly used cryptographic method in blockchain and cryptocurrency applications to provide enhanced privacy and security while still allowing transactions to be verified. They enable a party to prove possession of certain information or credentials without having to reveal the actual information, thereby protecting the privacy of the parties involved.

The teams conducted initial tests to run Polygon’s zkEVM’s zero-knowledge proofs on Google Cloud, and the results showed that transactions were significantly faster and more cost-effective than the existing setup. By leveraging Google Cloud’s resources and expertise, the collaboration hopes to accelerate the development and adoption of zero-knowledge solutions and enhance the overall capabilities of the Polygon network.

The Polygon zkEVM is a program that integrates with existing Ethereum functions like smart contracts, developer tools, and wallets by using zero-knowledge proofs. Its allows decentralized finance (DeFi) developers and users to make transactions cheaper and faster, which leads to increased efficiency and reduced cost.


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