EigenLayer's Mainnet Draws Support from Coinbase and Google Cloud
EigenLayer’s Mainnet Attracts Reinforce from Coinbase and Google Cloud
The cloud divisions of Coinbase and Google became node operators for EigenLayer alongside various industry gamers on April 9, almost right this moment after the network’s mainnet went stay.
EigenLayer’s Community Expands with Current Node Operators
Coinbase Cloud disclosed in a short thread put up on X that they’re “proud to be among the protocol’s first operators,” as their collaboration would add an additional safety layer to projects building on EigenLayer’s mainnet, dubbed as Actively Validated Companies and products (AVSs).
Operators are stay on @eigenlayer! Congrats to EigenLabs on fueling innovation with Ethereum’s first restaking protocol.
Coinbase Cloud is proud to be among the protocol’s first Operators, willing to attend as a depended on accomplice for your restaked ETH or LSTs.https://t.co/GUQiueJ6FK
— Coinbase Developer Platform🛡️ (@CoinbaseDev) April 9, 2024
The cloud platform moreover outlined intentions to onboard its experienced group to EigenLayer’s mainnet and utilize legitimate standards, which have efficiently powered the corporate’s validators across over 19 networks with out slashing incidents.
Slashing incidents in blockchain networks are penalties imposed on validators or stakers for violating network principles. These violations can consist of double-signing transactions or makes an try to govern the network.
Meanwhile, Google Cloud has actively participated in EigenLayer’s testnet since November 2023. This coast strengthens Google’s presence within the Web3 infrastructure web page, where they provide products and companies enjoy validator administration and node web web hosting for so a lot of blockchains.
EigenLayer’s Growing Ecosystem
The EigenLayer protocol leverages the gargantuan quantity of Ethereum (ETH) tokens staked on the Ethereum network to make stronger safety.
Stakers can “restake” their sources, securing not only Ethereum but moreover various networks within the EigenLayer ecosystem. This extends the protection advantages of Ethereum to a broader fluctuate of products and companies and networks.
Alternate-main cloud companies, including Coinbase Cloud and Google Cloud, have joined the EigenLayer ecosystem alongside various primary corporations. As the blockchain ecosystem continues to conform, EigenLayer’s skill to plot such operators is anticipated to enlarge.
💥 Andreessen Horowitz Helps Crypto Startup EigenLayer With $100 Million Funding
Mission Capital agency Andreessen Horowitz has invested $100 million in crypto restating startup EigenLayer after its most standard funding round.#CryptoNews #newshttps://t.co/HwVY21eoBG
— Cryptonews.com (@cryptonews) February 22, 2024
Contemporary dispositions consist of a $100 million investment from Andreessen Horowitz and the beginning of EigenLayer’s mainnet and files availability layer, EigenDA. Operators taking part in EigenLayer’s mainnet can provide products and companies and job transactions for rewards.
The protocol has expressed optimism in regards to the excessive operator turnover among the head 200 active items of operators, indicating modifications within the composition of the network’s active members.
Google Cloud Expands Web3 Footprint
Google Cloud’s involvement in working a node for blockchain projects is just not new. The tech big has been active within the industry since organising a blockchain division in early 2022.
In 2022, Google Cloud launched the Blockchain Node Engine, fully initiated to preserve an eye fixed on node-web web hosting for Web3 development.
Google Cloud has moreover been taking part with various protocols. Recall that Polygon announced a partnership with Google Cloud in April 2023 to produce developer tools and infrastructure to tempo up the growth of its protocols.
This partnership specifically lets in Google Cloud to utilize its Blockchain Node Engine to reduction developers scale by means of the time-intensive processes and dear overhead connected to declaring and working Polygon’s PoS nodes.
Source : cryptonews.com
