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Google Cloud has launched the L1 network GCUL, which is currently in the private Testnet phase.
BlockBeats news, on August 27, Rich Widmann, the head of Google's Web3 strategy, stated that recent discussions about Layer 1 Blockchain have brought Google's own Layer 1—called Google Cloud Universal Ledger (GCUL)—into the spotlight. As a product manager in the encryption field, you understand that to build a Layer 1, it must have differentiation. GCUL consolidates years of research and development from Google and is currently in the private Testnet phase, providing a new Layer 1 for Financial Institutions: it is high-performance, trust-neutral, and supports Python-based smart contracts. In addition to leveraging Google's distribution capabilities, GCUL.