The blockchain software company Block.one announced that Google Cloud will join the EOS community in a bid to become an EOS network block producer. EOS’s block producers system has been a bone of contention for a long time. It has 21 block producers in total. All the 21 nodes on the network must be elected by current token holders.
With this, Google becomes the first Silicon Valley giant to seek to become an EOS block producer. However, Google Cloud will require the approval of the EOS community. According to the official blog post, Google Cloud is set to utilize the EOS network’s performance and open-source community as it works to become a block producer.
Following the development, Allen Day, Developer Advocate, Google Cloud commented
“We’re starting the process of becoming a block producer candidate. As organizations begin to incorporate distributed ledger technology into their infrastructures, we are committed to ensuring that the information on public blockchains are securely stored, reliably available, and can be accessed in meaningful ways.”
Additionally, Dan Larimer, CTO of Block.one was also quoted saying,
“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.”
A few of the largest block producers are run by cryptocurrency exchanges such as Binance, Huobi and OKEx among others.
Block.one’s participation in BP elections
EOS and its creator Block.one has been mired with controversies relating to the centralization issue. What further aggravated this Block.one, participating in electoral procedures to choose the Block Producers for the EOS blockchain back in November last year.
The company had previously clarified that the share of circulation supply owned by it continues to decline as new tokens are created through inflation and are used to reward elected Block Producers that run and operate the network. However, this did little help to alleviate the growing criticism of the network’s centralization as reports of six of EOS’s total pool of BPs managed by just a single entity made rounds.
More recently, the company acquired the team behind once-prominent block producer EOS New York, which had completely stopped its operations. Following this, Block.one reportedly hired EOS New York founders Rick Schlesinger and Kevin Rose along with their team members who were then tasked to work on community outreach initiatives.