Google is teaming up with Theta Labs in a move meant to help the video delivery network onboard users through Google Cloud.
As part of the partnership, the tech giant is assisting Theta with its Mainnet 2.0 launch, a hard fork happening around noon Pacific time on Wednesday, said Theta Labs CEO Mitch Liu."Theta is unique in that their video delivery network needs both a reliable, high-performance network - which we provide via our premium network tier - as well as reputable node operators to ensure protocol security," said Google Cloud developer advocate Allen Day.Google will become the protocol's fifth external validator node.
Theta Labs is staking 5 million THETA tokens for Google on the network.
Theta rewards network participants for relaying video content to other users using their spare bandwidth and computing resources.
Google joins the likes of Binance, Blockchain Ventures and gumi Cryptos as external enterprise validators that propose and validate new blocks on the Theta blockchain.
Eventually, Theta aims to have 31 external enterprise validators.
Google Cloud is also becoming Theta's preferred cloud provider with today's announcement.
"Users can launch a Theta Guardian node from the GCP marketplace. With a few clicks, they can deploy a Guardian and be peering with the Theta network."
Google will be Theta's first European enterprise validator since the tech giant will be hosting the node at its office in Ireland, further geographically decentralizing the network.
Liu said he could see Google help Theta scale the number Guardian nodes on the network to the thousands or tens of thousands.
Google Signs On as Network Validator for Blockchain Video Network Theta
gepubliceerd op May 27, 2020
by Coindesk | gepubliceerd op Coinage
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