on the crypto
The tech giant is flanking Theta in its launch on Mainnet 2.0, a hard fork that will take place on Wednesday, said Theta Labs CEO Mitch Liu. "Theta is unique in that its video distribution network requires both a reliable and high-performance network - which we provide through our premium level - and node operators with a good reputation for ensuring protocol security," he said. Allen Day, Google Cloud developer.
Google will be the fifth external validator for Theta
Google will become the fifth external validator node of the protocol. Theta Labs is piling up one quotation from 5 million THETA tokens (worth approximately $ 2,4 million at a price of $ 0,48 each) for Google on the network.
Participants in the Theta network who have contributed to the transmission of video content to other users using their reserve bandwidth and processing resources will receive a reward.
The end result should be a "massive decentralized relay mesh network," Liu said. Google joins the likes of Binance, Blockchain Ventures and gumi Cryptos as external corporate validators who propose and validate new blocks on the Theta blockchain. In the end, Theta aims to have 31 external company validators.
The partnership with Google also to increase the Guardian nodes
Google Cloud is also becoming Theta's preferred cloud provider. "I can't speculate on what will happen in the future, but we can't wait to work with users who want to join the Theta network," said Day.
"Users can start a Theta Guardian node from the GCP marketplace with a few clicks." Google will be the first European validator of Theta since the technology giant will fix the node in its office in Ireland, further decentralizing the network geographically.
In February, Hedera Hashgraph announced that Google Cloud would run a node on a blockchain-like network and make hashgraph analysis available to users. The hard fork will increase Theta fuel (TFUEL) - a second token that powers chain operations - by 5%, creating a bigger reward for stakers.
In addition, hundreds of Guardian nodes (publicly available) will serve as an additional level of consensus with the launch of Mainnet 2.0 by finalizing the blocks and verifying the presence of invalid validator nodes. Liu said that Google could help Theta increase the number of Guardian nodes on the network to reach thousands or tens of thousands.
YouTube is also among Theta's goals
Theta also plans to further collaborate with Google's AI-focused, machine learning and big data initiatives. Google also owns YouTube, a key target for Theta's partnership aspirations.
“YouTube is particularly interesting because it mainly uses internally developed technology for delivery and it video streaming, which makes experimenting much easier without having to rely on external platforms like Akamai or AWS, ”said Liu.
