YEREVAN (CoinChapter.com) — Google Cloud has recently joined the Flare Network as a validator and infrastructure provider. This collaboration positions the leading global cloud service provider among the 100 organizations that play a vital role in supporting the Flare Time Series Oracle (FTSO) on the network.
Google Cloud /Flare Integration
Flare is known as “the blockchain for data,” providing developers access to decentralized data through its Oracle system, which is crucial for executing smart contracts based on inputs from the external world.
The inclusion of Google Cloud brings substantial resources and infrastructure to the Network. Furthermore, Flare has integrated its application programming interface (API) portal with the Google Cloud Marketplace, i.e., Flare introduced a set of blockchain APIs to the platform.
This integration allows developers on the service provider to access a wide range of tools, data, and nodes on different networks, such as Algorand, Bitcoin, Litecoin, Dogecoin, and Ethereum.
The availability of these APIs on Google Cloud Marketplace could reduce barriers to Web3 participation, making it easier for developers to experiment with blockchain technology without the need for extensive hardware infrastructure and ongoing maintenance.
FLR Token Still Comatoze 99% Below Record
After Google Cloud’s Flare Integration, its native FLR token jumped nearly 10% on Jan 15, reaching $0.018 ahead of the New York session. The uptick continued the bullish trend, where FLR price gained 140 since bottoming out on Oct 20. Meanwhile, the token still lagged 99% below its record price of $2.25 in April 2021.
Additionally, as the chart above indicates, the FLR token’s relative strength index (RSI) diverged from the price action. In detail, while the price formed higher lows in the previous month, the RSI insisted on lower lows, which could spell trouble for the coin.
For reference, to get to and possibly exceed the mentioned record, FRL would have to explode over 11,000%, which does not seem plausible. However, the Google Cloud Flare Integration could help the Network.
