Google Cloud Becomes Flare Network Validator, Boosts FLR by 5%

• Google Cloud Division Becomes a Validator for Flare Blockchain
• What is Flare Blockchain?
• The Impact of Google Cloud on Flare
• Role of Infrastructure Providers in Flare
• Significance of the Google Cloud-Flare Partnership
• Updates

Google Cloud Division Becomes a Validator for Flare Blockchain

Google Cloud, a branch of the renowned tech company, Google (GOOGL), has become a validator and infrastructure provider for Flare blockchain. The introduction of Google Cloud into the Flare network is a notable step, as it is one of a hundred organizations that have committed to this combined role. As a validator, Google Cloud will help secure the network and contribute to the Flare Time Series Oracle (FTSO).

What is Flare Blockchain?

Flare labels itself the blockchain for data. It offers developers decentralized data access through its Oracle system. In blockchain terminology, Oracle entities bridge networks to external systems, allowing smart contracts to function based on inputs and outputs from the world beyond the network.

The Impact of Google Cloud on Flare

The native token of the network, FLR, has a market cap close to $550 million and an approximate price of $0.018. Following the announcement of the partnership with Google, the token's value increased by more than 4%.

Role of Infrastructure Providers in Flare

Infrastructure providers in the Flare network are tasked with supplying high-quality data, thus fostering the development of use cases for blockchain technology and promoting its wider adoption.

Significance of the Google Cloud-Flare Partnership

Given the vast volume of data accessible through Google Cloud, its partnership with Flare is significant and serves as a reminder of blockchain adoption in tech giants like Google.

Updates

On January 15th, at 13:01 UTC, the headline and story were updated to include the token movement. Furthermore, at 13:32 UTC, the content was updated to highlight Google Cloud's combined role as a validator and contributor to FTSO.

Edited by Jonathan Stoker