Deutsche Telekom partners with Polygon, becomes POS validator
Deutsche Telekom has joined Polygon as a network validator.
The telecommunications giant’s subsidiary Deutsche Telekom MMS will offer staking services to Polygon POS and Supernets.
Deutsche Telekom MMS provides validation and staking services on Ethereum, Flow and Chainlink among other chains.
Deutsche Telekom, the Germany telecommunications giant that has recently been actively expanding its footprint in the blockchain technology space, has partnered with Polygon, the leading Layer-2 scaling platform for Ethereum.
On Wednesday, Deutsche Telekom announced its subsidiary Deutsche Telekom MMS, had joined Polygon as a validator – one of only 100 validators on Polygon’s POS network.
In this case, Deutsche Telekom MMS will participate in the Polygon ecosystem by providing staking services for both Polygon’s PoS sidechain and Supernets. This will be achieved through deployment of a full node and producing blocks as part of contributing to the network’s security, governance, and decentralization.
As a validator, the company will also help strengthen the Ethereum network.
Deutsche Telekom supports Ethereum and other POS networks
The collaboration is a key step in Deutsche Telekom’s commitment to aid the blockchain adoption process, with Polygon the latest POS chain to add the company as a validator.
Deutsche Telekom MMS already provides validation services for multiple POS networks. As CoinJournal highlighted, the telco giant launched an Ethereum validator in September last year, with this coming after the “Merge”. Other blockchains it supports 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,” said Dirk Röder, the Head of the Blockchain Solutions Center at Deutsche Telekom.
Michael Blank, the Chief Operating Officer at Polygon Labs, said in a statement that the collaboration will see many more businesses tap into the benefits of Web3 and blockchain technology, with these businesses leveraging Polygon’s network to empower consumers.
As a leading scaling solution for Ethereum, Polygon’s suite of protocols include zero-knowledge rollups, sidechains, and app-specific chains.
The blockchain platform currently hosts tens of thousands of dApps, accounts for over three million daily transactions, and has $1.2 billion worth of assets in Total Value Locked (TVL). Some of crypto industry’s biggest projects, such as Uniswap, Aave, and OpenSea are live on Polygon.
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Filed under: Bitcoin - @ May 31, 2023 8:10 pm