- Deutsche Telekom has joined Polygon as a community validator.
- The telecommunications large’s subsidiary, Deutsche Telekom MMS, will provide staking providers to Polygon POS and Supernets.
- Deutsche Telekom MMS gives validation and staking providers on Ethereum, Movement, and Chainlink, amongst different chains.
Deutsche Telekom, the German telecommunications large that has just lately been actively increasing its footprint within the blockchain know-how area, has partnered with Polygon, the main layer 2 scaling platform for Ethereum.
On Wednesday, Deutsche Telekom introduced that its subsidiary Deutsche Telekom MMS has joined Polygon as a validator – considered one of 100 validators in Polygon’s POS community.
On this case, Deutsche Telekom MMS will take part within the Polygon ecosystem by offering staking providers for Polygon’s PoS sidechain and Supernets. This shall be achieved by way of the deployment of a full node and the manufacturing of blocks as a part of the contribution to community safety, governance and decentralization.
As a validator, the corporate can even assist strengthen the Ethereum community.
Deutsche Telekom helps Ethereum and different POS networks
The collaboration is a key step in Deutsche Telekom’s dedication to ease the method of blockchain adoption, with Polygon being the newest POS chain so as to add the corporate as a validator.
Deutsche Telekom MMS already gives validation providers for a number of POS networks. As CoinJournal identified, the telecom large launched an Ethereum validator in September final yr, after the “merger”. Different blockchains it helps are Chainlink, Q, Movement, and Celo.
“The collaboration with Polygon is a crucial step for Deutsche Telekom MMS to completely exploit the potential of blockchain know-how and allow functions appropriate for mass deployment. Deutsche Telekom MMS additionally helps Polygon staking, contributing to blockchain safety and decentralizationmentioned Dirk Röder, head of the Blockchain Options Heart at Deutsche Telekom.
Michael Clean, COO of Polygon Labs, mentioned in an announcement that the collaboration will see many different firms leverage the advantages of Web3 and blockchain know-how, with these firms leveraging Polygon’s community to empower customers. .
Because the main scaling answer for Ethereum, Polygon’s protocol suite consists of zero-knowledge rollups, sidechains, and application-specific chains.
The blockchain platform at the moment hosts tens of 1000’s of dApps, accounts for greater than three million each day transactions, and has $1.2 billion in complete worth locked (TVL) belongings. A few of the largest initiatives within the crypto business, similar to Uniswap, Aave, and OpenSea, are stay on Polygon.
