Following the launch of Eigenlayer's mainnet, the tech giant has decided to strengthen its involvement in the blockchain space. coinbase cloud and google cloud We are participating in the project as an operator along with other industry players.
what happened: “Coinbase Cloud is proud to be among the first partners,” the company said. saidunderlines the company's commitment to providing a “trusted” platform for users to delegate their bets. Ethereum (CRYPTO: ETH) or derived tokens.
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google cloud Sam Padilla revealed His team has a long-standing involvement with EigenLayer, dating back to its participation in the testnet in November.
This move further strengthens Google's presence in the Web3 infrastructure space. In the Web3 infrastructure space, Google already offers services such as node hosting and validator management for several blockchains.
deutsche telekom, hash key cloudand other notable names Figment and nethermind also joined EigenLayer as an operator.
What is EigenLayer and how does it work?
Launched on Tuesday, EigenLayer's mainnet introduces a new layer of security to the Ethereum network.
This “data availability layer” is called EigenDA and allows users to delegate their staked ETH to an operator of their choice.
These operators decide whether to run active verification services on the network.
Operators participate in the EigenLayer protocol to provide services to other applications and process transactions in exchange for rewards.
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This additional layer of security is derived from the ETH already staked on the Ethereum network. For example, operators of data availability solutions can enable Layer 2 scaling solutions and include them for their scaling needs.
EigenLayer operators allow Ethereum stakers to delegate staked assets, whether native ETH or derivative tokens, to establish a shared security model.
This delegation allows stakers to participate in multiple blockchain applications while keeping their ETH staked on the Ethereum network.
However, the operator has not currently verified the service.
EigenLayer said it will introduce in-protocol payments later this year to allow operators and the AVS marketplace to develop and stabilize before significantly introducing them to mainnet.
what's next: The evolving landscape of blockchain security solutions like EigenLayer raises important questions for investors and developers alike.
Benzinga's Future of Digital Assets conference on November 19th provides a unique platform to delve deeper into these topics.
Image created using artificial intelligence in Midjourney.
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