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Google Cloud Develops Blockchain for Payments, Currently in Private Testnet

Google Cloud is working on its own blockchain solution for payments, which is currently being tested in a private testnet phase.

Summary

Google Cloud is developing a blockchain designed for payments, which is currently undergoing a private testnet phase. The company has not disclosed further details about the project or its timeline for broader deployment.

Terms & Concepts
  • Blockchain: A decentralized digital ledger that records transactions across many computers in a secure and transparent manner, often used in cryptocurrencies.
  • Testnet: A test network that allows developers to experiment with blockchain protocols and smart contracts before deploying them on the main network.