Google is serious about launching its Layer-1 Blockchain!

[vlemon]

Hi HODLers,

Is Google really going to launch its own Layer-1 Blockchain? I haven't followed the space as closely as I used to but this would be quite a big event if they launched a successful L-1!

Their head of #web3 shared his vision in this Linkedin post

• Google Cloud’s Universal Ledger (GCUL) was first announced in March with CME Group as a blockchain built for finance.

• Google's Rich Widmann says GCUL will support Python-based smart contracts and offer neutrality compared to blockchains from Stripe and Circle.

• CME Group has already completed an integration test, with broader market trials expected before a 2026 launch.

In his post, Rich Widmann expanded on a comparative chart below:

He believes Google's approach would be different than Stripe. Their goal is to build an Universal Ledger as shared infrastructure. They want it to be credibly neutral and accessible to any institution.

Can't wait to see what will come out of it.

Source

Stay safe out there,

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Posted Using INLEO

Comments

[redditposh]

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[vlemon]

Sharing is caring!

[daniasi]

Wow! A big move by the tech giants. Indeed one distinctive feature when considering they have the population numerics to their advantage. Let's see where this heads to.

[vlemon]

Indeed, let's see if anything serious comes out of this!

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[vlemon]

I appreciate the support!

[enginewitty]

Took em long enough !PIMP

[vlemon]

Better late than never!

[dlmmqb]

In large organizations it takes them years to approve a button or design xD

Experienced similar 6 months delay for something too simple

[swearingradio]

Could be very lucrative. I wonder how the current talk of acquisition is gonna be affected by this possibility, The current obvious nature of how google is making income from Ai it only seems that this would incalculably increase Googles' grasp on the spigot of the internet.
!PIZZA
#pimp
!alive
!BEER
#BBH
#hive
!LOLZ
#memes

[pizzabot]

PIZZA!

$PIZZA slices delivered:
@swearingradio_(3/15) tipped @vlemon

_{Come get MOONed!}