Google Cloud has announced its L1 blockchain GCUL information, which is currently in the private testnet phase

ChainCatcher news, according to a post by Rich Widmann, Google's Head of Web3 Strategy, recent discussions about Layer 1 blockchains have brought Google's own Layer 1------referred to as Google Cloud Universal Ledger (GCUL) into the spotlight. As a product leader in the crypto space, 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 brand 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 is also a neutral infrastructure layer. Tether will not use Circle's blockchain, and Adyen is also unlikely to use Stripe's blockchain. But any financial institution can build on top of GCUL. More technical details will be released in the coming months!