Hedera Hashgraph chose Google Cloud Platform as its preferred cloud provider for deploying its public networks. A Feb 11. mail service on Google blogs commends Hedera for the option, while revealing that information technology is taking an agile pale in the projection'south governance.

Hedera is set to utilize Google Cloud to host its public testnets and Hedera Consensus Service ecosystem. This allows Hedera developers to benefit from Google's geographical coverage and infrastructure.

Hedera is a distributed ledger technology project rooted in the enterprise world. Information technology uses a hashgraph-based consensus algorithm to let for multiple branches of blocks, as opposed to a unmarried chain. The project reportedly provides a performance of ten 1000 transactions per second.

It is governed by the Hedera Governing Council, a body composed of many well-known companies such as Boeing, IBM, Deutsche Telekom and others. The council's function is to atomic number 82 the network's controlling and ensure its continuous reliability.

Google joining Hedera

Hedera has used Google Deject since the inception of its network, choosing to run its ledger through Google Cloud Platform'due south premium product offerings. Now, with Google's endorsement of Hedera's using its publicly available software, Google also announced that information technology has become a member of the Hedera council.

As role of its delivery, Google Cloud will operate a Hedera network node. It will too provide admission to its ledger data on its public cloud datasets, which include cake information from blockchains such as Bitcoin and Ethereum.

Google Cloud no stranger to blockchain

Google Deject has been actively involved in the blockchain infinite. In June 2022, it integrated Chainlink'due south oracle middleware on its platform, letting its developers interact with Ethereum'south smart contracts. Though it was a strictly technical implementation, some interpreted it as a partnership.

With Hedera, Google Cloud is taking an agile role in the project's governance, post-obit other major companies.

Hedera'south token, HBAR, spiked as a upshot of the announcement. As of writing, it is trading at $0.0321 — a 74 per centum increase from the previous 24-hour interval's toll level, according to Coin360.