- Deutsche Telekom has joined Polygon as a community validator.
- The telecommunications giant’s subsidiary Deutsche Telekom MMS will provide staking companies to Polygon POS and Supernets.
- Deutsche Telekom MMS gives validation and staking companies on Ethereum, Flow and Chainlink amongst different chains.
Deutsche Telekom, the Germany telecommunications giant that has just lately been actively increasing its footprint within the blockchain know-how house, has partnered with Polygon, the main Layer-2 scaling platform for Ethereum.
On Wednesday, Deutsche Telekom announced its subsidiary Deutsche Telekom MMS, had joined Polygon as a validator – one among solely 100 validators on Polygon’s POS community.
In this case, Deutsche Telekom MMS will take part within the Polygon ecosystem by offering staking companies for each Polygon’s PoS sidechain and Supernets. This shall be achieved by means of deployment of a full node and producing blocks as a part of contributing to the community’s safety, governance, and decentralization.
As a validator, the corporate may also 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 assist the blockchain adoption course of, with Polygon the newest POS chain so as to add the corporate as a validator.
Deutsche Telekom MMS already gives validation companies for a number of POS networks. As CoinJournal highlighted, the telco giant launched an Ethereum validator in September final 12 months, with this coming after the “Merge”. Other blockchains it helps are Chainlink, Q, Flow, and Celo.
“The collaboration with Polygon is an important step for Deutsche Telekom MMS to fully exploit the potential of blockchain technology and enable applications suitable for mass deployment. Deutsche Telekom MMS also supports Polygon staking, contributing to the security and decentralization of the blockchain,” mentioned Dirk Röder, the Head of the Blockchain Solutions Center at Deutsche Telekom.
Michael Blank, the Chief Operating Officer at Polygon Labs, mentioned in a press release that the collaboration will see many extra companies faucet into the advantages of Web3 and blockchain know-how, with these companies leveraging Polygon’s community to empower shoppers.
As a number one scaling resolution for Ethereum, Polygon’s suite of protocols embody zero-knowledge rollups, sidechains, and app-specific chains.
The blockchain platform presently hosts tens of 1000’s of dApps, accounts for over three million each day transactions, and has $1.2 billion value of belongings in Total Value Locked (TVL). Some of crypto business’s largest tasks, corresponding to Uniswap, Aave, and OpenSea are dwell on Polygon.
