📰 Table Of Contents
EigenLayer’s Network Expansion
EigenLayer, a blockchain network, recently saw a significant expansion with the addition of Coinbase and Google Cloud as node operators. This move aims to enhance the network’s security and reliability for projects utilizing EigenLayer’s mainnet.
Coinbase Cloud’s Participation
Coinbase Cloud, a division of the popular cryptocurrency exchange, announced its involvement as one of the first operators on EigenLayer’s protocol. By collaborating with EigenLayer, Coinbase Cloud aims to provide an additional security layer for projects utilizing EigenLayer’s mainnet, known as Actively Validated Services (AVSs).
- Coinbase Cloud joins EigenLayer as a node operator
- Focus on enhancing security for projects on EigenLayer’s mainnet
Google Cloud’s Contribution
Google Cloud has been actively engaged with EigenLayer since November 2023 when it participated in the network’s testnet. By expanding its involvement to become a node operator, Google Cloud strengthens its presence in the Web3 infrastructure space, offering services like validator management and node hosting for various blockchains.
- Google Cloud strengthens Web3 infrastructure by becoming a node operator
- Offers validator management and node hosting services
EigenLayer’s Ecosystem Growth
The EigenLayer protocol utilizes Ethereum tokens staked on the Ethereum network to bolster security measures. By allowing stakers to “restake” their assets, EigenLayer extends the security benefits of Ethereum to a wider range of services and networks within its ecosystem.
- Enhancing security using Ethereum tokens within EigenLayer’s ecosystem
- Expanding security benefits to a broader range of networks
Google Cloud’s Continued Expansion in Web3
Google Cloud’s involvement in blockchain projects dates back to its establishment of a blockchain division in early 2022. With the launch of the Blockchain Node Engine, Google Cloud has been actively supporting Web3 development by providing node-hosting services and collaborating with various protocols.
- Google Cloud’s history of supporting blockchain projects
- Collaboration with protocols to accelerate Web3 development
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
