Google Cloud confirms participation in EigenLayer testnet

Exclusive: Google Cloud joined more than 65 other operators in the group as the restaking protocol eyes a mainnet deployment for node operators in the first half of 2024

article-image

Google’s head of strategy and web, Rich Widmann | Permissionless II by Blockworks

share

Google Cloud has joined EigenLayer’s “Operator Working Group” alongside more than 65 other operators and solo stakers, a representative for EigenLabs, the developer behind EigenLayer, told Blockworks. 

Google Cloud Web3 now appears as a node operator on the Goerli testnet for EigenLayer — a restaking protocol that lets ether (ETH) be staked on multiple platforms at once. Google Cloud confirmed the cloud computing service’s participation in EigenLayer’s testnet in an email to Blockworks. 

Google Cloud declined to comment on whether it has plans to move to EigenLayer’s mainnet or if the protocol would be added to Google Cloud’s Blockchain Node Engine.

EigenLabs also couldn’t confirm whether Google Cloud would remain as a node operator once node operation goes to mainnet. Representatives said they expect Google Cloud’s support to continue, since the goal of testnet is to prepare for mainnet.

EigenLayer went live for stakers, who earn rewards by locking in their staked ether, in June. Operators, who enhance security and allow stakers to delegate assets, are still in testnet. 

EigenLayer has said it expects mainnet deployment to happen in the first half of 2024.

Google Cloud, the cloud computing service offered by Google, has been on a steady march into Web3 since Bloomberg first reported Google’s creation of a blockchain division in January 2022.

Later that year, Google Cloud released the Blockchain Node Engine, a service meant to let developers run blockchain network nodes more easily. Google Cloud launched a web3 startup program in April 2023.

Google Cloud showed an interest in staking before the EigenLayer integration, becoming a Polygon validator in September. The investment was minimal from the tech giant, though: Google Cloud has the second-smallest stake out of more than 100 validators. 

The cross-chain protocol LayerZero partnered with Google Cloud in September 2023, with the company becoming LayerZero’s default oracle to verify transactions across blockchains. 

Google Cloud’s move into Web3 has not been without controversy, with some seeing the behemoth cloud computing service’s presence as a strike against decentralization.


Don’t miss the next big story – join our free daily newsletter.

Tags

Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Top Icon.png

Research

Osmosis thrived in H2 2023 on the back of increased DeFi activity deriving from recently launched Cosmos-related projects and better market conditions. With new value accrual mechanisms for the native token, Osmosis is well-positioned to continue its strong performance in 2024.

/

article-image

Though the opposing flow trend is likely to slow over time, industry watchers note, bitcoin fund assets could one day eclipse the $90 billion gold ETF space

article-image

Celestia had the first mover advantage. EigenDA has staked ether. What sets Avail apart?

article-image

Bitcoin moved 1% higher Monday morning in New York, Matrixport analysts say $62,000 could happen next month

article-image

It’s hard to believe right now that crypto — even with all of its flexibility and massive capabilities — could ever be like cash on the internet

article-image

Michael Saylor announced Monday morning that MicroStrategy bought 3k more bitcoin after the X account was compromised over the weekend

article-image

Plus, Pudgy Penguins grows its brand and a group of Autoglyphs sell for $14.5 million