AXS is the governance token for the Axie Infinity game. Token holders will be able to shape and vote for the direction of the game universe. This is unlike traditional games where all decisions are made by the game developers. AXS holders will be able to stake their tokens to earn more AXS and even vote for governance proposals.
Google Cloud joins the group of 18 validators on Ronin Network, the Ethereum sidechain where the Axie Infinity game runs.
- Google Cloud is a validator of Ronin, Axie Infinity’s network.
- Google Cloud Division will help provide greater security.
- Ronin now has 18 validators, and hopes to go up to 21.
- US agents recovered USD $30 million from the hack.
Ronin Network a network refers to all nodes in the operation of a blockchain at any given moment in time. the side chain of Ethereum a decentralized open-source blockchain with smart contracts functionality. designed for NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. games, has just secured a tech giant as one of the partners to help it in its decentralization the handover of control from a central authority to several different custodians. mission.
Sky Mavis, the Web3 company behind the popular game Blockchain, Axie Infinityannounced Friday a new partnership with Google Cloud cloud servers are typically located throughout different data centers all over the world. which will turn the cloud computing division of the tech giant into a validator of Ronin .
As part of the agreement, Google Cloud will now be an independent business validator for Ronin in a group of nodes that includes Animoca Brands, DappRadar y Nansen . The company will take on the role of monitoring validator uptime and will contribute to the collective security of the network, according to a statement. communiqué .
Google Cloud will manage a Ronin network validator a participant on a proof-of-stake (PoS) blockchain, involved in validating blocks for rewards. to strengthen Ronin’s security the term securities refers to a fungible and tradable financial instrument that carries a type of monetary value. and advance our vision of building a universe of games that are interconnected, immersive and rewarding experiences.
Ronin ???? @googlecloud
Google Cloud will be running a Ronin Network validator to bolster the security of Ronin and advance our vision of building a gaming universe with interrelated, immersive, and rewarding experiences.
– Ronin (@Ronin_Network) September 9, 2022
Google Cloud is the 18th validator
Although details of the deal were not disclosed, Aleksander Larsen, co-founder and chief operating officer of Sky Mavis noted that Google Cloud “ has been our strategic cloud provider since 2020. “ . The addition of the company as a new validator solidifies the two-year relationship. The cloud solutions firm Searce will help in the collaboration.
“ Sky Mavis is a strong example of how the cloud can enable blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. technologies to deliver innovation and value creation for people “he added for his part Ruma Balasubramanian, Director-General of Google Cloud for Southeast Asia, who further advanced:
We’re also excited about the possibilities that could arise from this latest collaboration, whether it’s entertaining user experiences or new business models in game distribution.
The incorporation of Google Cloud increases the number of validators of Ronin to a total of 18 entities. Since the massive hacking of more than USD $600 million in March, Sky Mavis has been working to increase its security measures to prevent another incident to the network on which the popular video game NFT runs,Axie Infinity.
At that time, five of the nine validators of the Ronin were compromised using hacked private keys, which led to the high-profile attack. In mid-August, the team announced that had raised its number of validators to 17. including companiesEfficient Frontier, Community Gaming y Nansen as the new responsible for validating transactions and providing security to the network. The creators said they expect increase this figure to a total of 21 validators.
USD $30 million from the hacking of Ronin recovered
The news about the new entrant comes a day after crypto firm Chainalysis announced that it had collaborated with the U.S. government to recover about $30 million stolen in the hack of Ronin earlier this year. Federal agents were able to seize the funds that had previously been sent to centralized a centralized organizational structure is one in which a single node or a small number of them are in control of an entire network. exchanges.
The U.S. Department of the Treasury had identified in April to the North Korean hacker group, Lazarus as those responsible for the operation of the network.Axie Infinity. Most of the funds were washed using the mixer. Tornado Cash cash is the most liquid form of money: physical coins and banknotes in the most narrow sense of the term. now sanctioned, and only 10% of the USD $600 million in stolen cryptocurrencies have been recovered.
“This is the first time a cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. stolen by a North Korean hacking hacking is the process of using a computer to manipulate another computer or computer system in an unauthorized fashion. group has been seized, and we’re sure it won’t be the last “said Erin Plante, senior director of research at Chainalysis in a blog entry Thursday that reported the seizure.
- Alphabet, Google’s parent company, increases its investment in crypto firms
- OFAC points to four crypto addresses linked to Ronin network hack and associates them with Lazarus hacking group
- Google reportedly building a dedicated Web3 team, reports reveal
Article by Hannah Estefania Perez / DiarioBitcoin
Imagen deAxie Infinityedited in Canva