Google Cloud Launches GCUL: A Python-Powered Blockchain for Financial Institutions

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Google Cloud has officially announced the development of its own Layer 1 blockchain, named Google Cloud Universal Ledger (GCUL). This new platform is specifically designed for financial institutions and aims to provide a high-performance, neutral infrastructure for payments and digital asset management. Currently in a private testnet phase, GCUL leverages Python-based smart contracts and Google's extensive global infrastructure.

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