On Tuesday (October 6), blockchain software company Block.one, which develops the software that implements the EOSIO protocol powering the EOS network, announced that cloud computing provider Google Cloud will “join the EOS community and is taking steps to become an EOS network block producer.”
Block producers in EOS are like miners in Proof-of-Work (PoW) blockchains such as Bitcoin or staking nodes in Proof-of-Stake (PoS) blockchains such as Cardano.
Here’s an explanation from Block.one Co-Founder and CTO Dan Larimer:
“You can almost view the Block Producers like the DJ’s of the radio station. They’re deciding what goes on the air and which callers to take.”
In its press release, Block.one explained why Google Cloud becoming an EOS block producer (BP) mattered:
“Block producers are a core component of the EOS network; attracting a block producer candidate of Google Cloud’s caliber marks a milestone for the network.
“As one of the world’s leaders in technological innovation, Google Cloud’s planned participation underscores the importance of blockchain to the future of business, government and society.
“Google Cloud will leverage the EOS network’s world-class performance and vibrant open-source community as it works to become a block producer.”
Google Cloud Developer Advocate Allen Day had this to say:
“We’re starting the process of becoming a block producer candidate. As organizations begin to incorporate distributed ledger technology into their infrastructures, we are committed to ensuring that the information on public blockchains are securely stored, reliably available, and can be accessed in meaningful ways.”
Block.one CTO Dan Larimer stated:
“Google Cloud will continue to provide its highly provisioned, low-latency infrastructure to Block.one. Through secure oracles, inter-chain transaction reporting, key management, and high-integrity full-node validation, Google Cloud’s confidential computing infrastructure will enhance the security, scalability, and decentralization of blockchain technology.”
And Block.one CEO Brendan Blumer said:
“With the majority of global public blockchain activity, EOS is a powerful solution for anyone looking to leverage the decentralized ecosystem with ease. The Google Cloud team understands the thriving EOS community and the highly performant EOSIO technology on which it builds create the best entry point into the blockchain industry. We welcome Google Cloud to the EOS community and are excited for their contributions to the EOS network.”
It is worth pointing out that “as a block producer candidate, Google Cloud will need to be selected by token holders to secure a position within the block producer ranks on the EOS network,” and that it plans to “publish a microsite that will highlight their participation in EOS’s network operation as an elected block producer.”
Featured Image by “abogawat” via Pixabay.com
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
