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Home > BSA/AML & Consumer Protection > Google Signs On as Network Validator for Blockchain Video Network Theta
Jun5 - 20

Google Signs On as Network Validator for Blockchain Video Network Theta

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.

“I can’t offer specifics about the technical direction Theta will take, but I can say that we’ll be a good partner,” said Google Cloud developer advocate Allen Day. “Google Cloud is an enterprise validator of the blockchain – participating in the security and governance of the network – while Theta is staking tokens for that node.”

Google will become the protocol’s fifth external validator node. (Here’s the node producing blocks on the chain). Theta Labs is staking 5 million THETA tokens (worth about $2.4 million at a press-time price of $0.48 each) for Google on the network. Read the complete article HERE.

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