Everybody’s bullish on Solana… too bullish

[ad_1] 🚀 Google's launching its personal L1

Think about an old style kinda man. Y’know, the kind that also reads precise newspapers, prefers cable TV over Netflix, and genuinely believes money is superior to playing cards in each method.

That’d be my uncle Roy. And for the longest time ever, he merely refused to get a smartphone.

Which isn’t unhealthy, however my boy used to review and memorize bodily maps earlier than occurring highway journeys. Additionally nothing unhealthy, however when you understand how a lot simpler GPS makes life, watching this felt borderline insane.

However Roy ultimately gave in. Go to him immediately and you will most likely discover him taking part in Sweet Crush.

Firms are having their very own Unc Roy second with blockchain expertise. After spending years being skeptical, they're now leaping in headfirst.

First, we had Stripe announce it is launching its personal blockchain. Then Circle adopted.

And now... drumroll please... Google Cloud's launching its personal Layer-1 blockchain referred to as the Google Cloud Common Ledger (GCUL).

(Fast facet notice: when you're questioning why they're constructing their very own L1s as a substitute of simply utilizing Ethereum L2 options, we truly broke that down right here.)

In accordance with Google Cloud's head of Web3 technique, Wealthy Widmann, GCUL will characteristic built-in finance instruments, a local business financial institution, on-chain cash dealing with, and Python-based sensible contracts.

Now, none of those options are significantly groundbreaking on their very own.

What is totally wild about this launch, although, is Google's large attain. This is the size we're speaking about:

👉 Google Cloud is the third-largest cloud supplier on the planet;

👉 It serves heavyweight purchasers throughout finance, retail, healthcare, and AI - like PayPal, CME Group, and Deutsche Financial institution;

👉 This infrastructure handles workloads for actually billions of individuals each single day.

And this is the true kicker (which is the place Widmann made a superb level): GCUL is designed as a impartial infrastructure layer.

Give it some thought: corporations like Tether aren't gonna construct on Circle's blockchain (aggressive battle), and corporations like Adyen most likely will not contact Stripe's platform (identical purpose).

However any monetary establishment can construct with GCUL as a result of Google is not immediately competing with them.

This neutrality is big as a result of it opens the door to far more adoption.

Extra adoption means extra customers getting accustomed to crypto instruments and companies.

Extra customers exploring the crypto ecosystem means... properly, I believe you realize the place that is going...

🚀

Now you are within the know. However take into consideration your mates - they most likely don't know. I'm wondering who may repair that... 😃🫵

Unfold the phrase and be the hero you realize you're!

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🤖 Anthropic says criminals are utilizing its AI chatbot Claude to assist with on-line scams. The scammers aren't simply getting technical recommendation - they're additionally utilizing Claude to emotionally manipulate victims.

🇬🇧 A UK survey discovered that 27% of adults would contemplate including crypto to their retirement financial savings. Over 40% of them mentioned they're primarily due to the potential for greater returns.

🏦 VanEck's CEO Jan van Eck believes Ethereum is the only option to drive blockchain adoption in banking. He says banks might want to use some blockchain for stablecoin transactions, and he is betting on Ethereum to be that platform.

⚖️ A regulation agency referred to as Fenwick & West is asking a Florida choose to cease individuals from updating a lawsuit that accuses them of serving to trigger the FTX collapse. The agency says they only did regular lawyer work and had no concept about any fraud.