8 months ago
Google Cloud enters the blockchain infrastructure manufacture by joining Flare arsenic a web validator and infrastructure provider, causing Flare’s token FLR to leap successful price.
Flare Network Welcomes Google Cloud, FLR token surges
Google Cloud has joined the Flare network arsenic a web validator and infrastructure provider. Flare, self-described arsenic “the blockchain for data,” is moving to amended the mode developers entree decentralized information done its oracle system. Google Cloud is 1 of much than 100 organizations successful this dual role.
In summation to validating transactions connected the Flare blockchain, Google Cloud volition besides lend to the Flare Time Series Oracle (FTSO). A blockchain oracle is simply a span that connects blockchain networks to outer information sources, enabling astute contracts to interact with and execute based connected real-world information and events. They grow the functionality of blockchains, allowing them to integrate with and respond to accusation extracurricular their autochthonal network, thereby broadening the scope and applicable applications of blockchain technology. The FTSO aims to guarantee the proviso of high-quality, decentralized data.
Hugo Philion, Co-Founder and CEO of Flare, expressed his enthusiasm astir Google Cloud’s summation to their network. He highlighted the value of decentralized information successful the improvement of astute declaration platforms and however Google Cloud’s information volition lend to a much robust ecosystem.
James Tromans, Head of Web3 astatine Google Cloud, besides emphasized the captious relation of scalable information entree successful expanding blockchain usage cases and planetary adoption.
Data entree astatine standard is important to summation applicable blockchain usage cases and greater planetary adoption of the technology. Google Cloud becoming a validator connected the Flare web volition assistance enactment that mission.
Following the announcement, FLR’s marketplace capitalization has surged to implicit $700 million, with its terms per token seeing an implicit 20% increase.
Do you deliberation different unreality computing providers volition participate the crypto manufacture successful 2024? Share your thoughts and opinions astir this taxable successful the comments conception below.
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