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Google Cloud joins EigenLayer mainnet as node operator

source-logo  cryptobriefing.com 10 April 2024 10:59, UTC

Google Cloud has launched its EigenLayer mainnet node operator, marking a milestone for the restaking protocol and its ecosystem.

Sam Padilla, Web3 product manager and node operator at Google Cloud, announced the successful launch of the company’s EigenLayer mainnet operator on X (formerly Twitter).

Excited to share that the @googlecloud Eigen Layer mainnet operator is up and running!

Congrats to the @eigenlayer team on a successful mainnet launch.

Excited for what is coming!https://t.co/4wcotltiBu

— Sam Padilla (@theSamPadilla) April 9, 2024

This move follows Google Cloud’s previous involvement in EigenLayer’s “Operator Working Group” alongside more than 65 other operators and solo stakers.

EigenLayer, a restaking protocol that allows ether (ETH) to be staked on multiple platforms simultaneously, went live for stakers in June. However, operators, who enhance security and allow stakers to delegate assets, have been in testnet until now. The launch of Google Cloud’s mainnet operator signifies a crucial step towards the full realization of EigenLayer’s vision.

Google Cloud’s involvement in the Web3 space has been steadily growing since the creation of its blockchain division in January 2022, which was led by Shivakumar Venkataraman, an engineering VP for Google under Alphabet Inc. The company has launched various initiatives, including the Blockchain Node Engine, a web3 startup program, and partnerships with protocols like Polygon and LayerZero.

The tech giant’s participation in EigenLayer has not been without controversy, with some viewing the presence of a large cloud computing service as a potential threat to decentralization. However, EigenLayer’s permissionless operator registration allows for a diverse range of participants, from solo stakers to large institutions.

As EigenLayer continues to develop and attract more operators and stakers, the protocol aims to foster open innovation powered by Ethereum’s programmable trust. The successful launch of Google Cloud’s mainnet operator marks an important milestone in this journey, paving the way for further adoption and growth of the EigenLayer ecosystem.

Note: This article was produced with the assistance of AI, specifically Claude 3 Opus for text and OpenAI’s GPT-4 for images. The editor has extensively revised the content to adhere to journalism standards for objectivity and neutrality.

cryptobriefing.com