CoinVoice has learned that, according to Rich Widmann, Google's Web3 strategy head, the 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 the product head in the crypto space, you understand that to build a Layer 1, it must have differentiation.
GCUL integrates years of research and development成果 from Google, currently in the private testnet phase, providing financial institutions with a brand new Layer 1: 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. However, any financial institution can build on GCUL. More technical details will be released in the coming months! [Original link]