Google is teaming up with Theta Labs in a transfer meant to assist the video supply community onboard customers by way of Google Cloud.
As a part of the partnership, the tech large is aiding Theta with its Mainnet 2.Zero launch, a tough fork taking place round midday Pacific time on Wednesday, stated Theta Labs CEO Mitch Liu.
Google will change into the protocol’s fifth exterior validator node, staking 5 million THETA tokens (worth about $2.four million at a press-time price of $0.48 every) on the community.
Theta rewards community contributors for relaying video content material to different customers utilizing their spare bandwidth and computing sources. The top end result needs to be a “massive decentralized mesh network of relayers,” Liu stated.
Google joins the likes of Binance, Blockchain Ventures and gumi Cryptos as exterior enterprise validators that suggest and validate new blocks on the Theta blockchain. Ultimately, Theta goals to have 31 exterior enterprise validators. Google Cloud can also be changing into Theta’s most well-liked cloud supplier with in the present day’s announcement.
Google will likely be Theta’s first European enterprise validator because the tech large will likely be internet hosting the node at its workplace in Eire, additional geographically decentralizing the community. In February, Hedera Hashgraph introduced that Google Cloud would run a node on the blockchain-like community and make hashgraph analytics out there for customers.
The onerous fork will inflate Theta Gasoline (TFUEL) – a second token that powers on-chain operations – by 5%, creating a much bigger reward for stakers.
As well as, tons of of Guardian nodes (out there to the general public) will act as an additional layer of consensus with the Mainnet 2.Zero launch by finalizing blocks and checking for bad-actor validator nodes. Liu stated he might see Google assist Theta scale the quantity Guardian nodes on the community to the hundreds or tens of hundreds.
Theta additionally plans to additional collaborate with Google’s synthetic intelligence, machine-learning and big-data initiatives. Google additionally owns YouTube, a key goal for Theta’s partnership aspirations.
“YouTube is particularly interesting because they utilize mostly internally-developed technology for video delivery and streaming, which makes experimentation a lot easier without having to rely on external platforms like Akamai or AWS,” Liu stated.
Google representatives didn’t reply to questions as of press time.
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