EOS blockchain, created by Block.One, utilizes a unique semi-decentralization feature – a network of 21 block producers. Unlike Bitcoin and many other networks which allow an unlimited number of nodes to mine and verify transactions, all 21 nodes on EOS must be elected by current EOS holders. There are also back-up block producers which can step in at at any given time, should any of the first 21 fail to perform.
The largest block producers today are run by crypto exchanges Binance, Huobi and OKEX, as well as other data centers created by EOS community.
Google is the first Silicon Valley giant to seek to become an EOS block producer. Through this new partnership, Google Cloud will work with Block.one to enable new ways for its open-source community of developers to engage and build applications on EOS.
Google published an official statement online:
“Google Cloud has partnered with Block.one and will become a block producer candidate to provide infrastructure in support of the EOS network, which is built on the EOSIO blockchain protocol published by Block.one. Google Cloud’s highly provisioned, low-latency global fiber optic network provides stability, reliability, security, and extensive global infrastructure coverage for Block.one’s public blockchain efforts and development.”
Block.one subsequently published its own announcement welcoming Google Cloud to the EOS Community:
“Block.one is excited to report that Google Cloud, a global hyperscale cloud and infrastructure provider, will join the EOS community and is taking steps to become an EOS network block producer. The EOS network is built on the EOSIO blockchain protocol published by Block.one.
Block producers are a core component of the EOS network; attracting a block producer candidate of Google Cloud’s caliber marks a milestone for the network. As one of the world’s leaders in technological innovation, Google Cloud’s planned participation underscores the importance of blockchain to the future of business, government and society. Google Cloud will leverage the EOS network’s world-class performance and vibrant open-source community as it works to become a block producer.”
Dan Larimer, CTO at Block.one, expanded on the welcome:
“Google Cloud will continue to provide its highly provisioned, low-latency infrastructure to Block.one…Through secure oracles, inter-chain transaction reporting, key management, and high-integrity full-node validation, Google Cloud’s confidential computing infrastructure will enhance the security, scalability, and decentralization of blockchain technology.”
This development is of particular significance as China continues to take steps to expand its own cloud computing footprint globally through the Blockchain Services Network (BSN).