BREAKING: Polygon Partners with Deutsche Telekom to Secure the Polygon PoS Sidechain and Supernets App-chains in a Groundbreaking Collaboration
Deutsche Telekom becomes one of the hundred validators on Polygon in a new partnership.
The MATIC price reacts with a marginal surge.
Polygon (MATIC) announces a groundbreaking partnership with one of the largest telecommunication companies in the world, Deutsche Telekom. Deutsche Telekom would become one of the 100 validators on the Polygon Proof of Stake (PoS) network according to the announcement. In this case, there will be staking and validation services for the Polygon PoS network and Supernets.
In addition, Polygon would leverage the company’s security, governance, and decentralization to secure the PoS sidechain. Polygon’s Supernet is very popular among developers as it enables them to build a customizable app-chain flexible enough to be implemented quickly and smoothly.
Dirk Röder, Head of the Blockchain Solutions Center at Deutsche Telekom believes that this collaboration will be a huge step for the company as part of its effort to explore the potential of blockchain technology.
The Polygon ecosystem is very developer-friendly and resource-efficient. It is based on the highest security standards of the Ethereum ecosystem. 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.
The Polygon Advancing Ecosystem with Partnerships
The official statement from Deutsche Telekom explains the importance of validators in operating and securing blockchains. It is important to note that the Polygon ecosystem has several protocols at the disposal of developers. This enables them to access main scaling solutions such as “zero-knowledge rollups, sidechains, app-specific chains, and data availability protocols.”
Some of these main contributions including decentralization would be done by running a full node, producing blocks, validating and participating in consensus, then finally, ensuring that checkpoints are committed on the Ethereum mainnet.
Michael Blank, Chief Operating Officer at Polygon Labs commented on the collaboration.
We are excited to have Deutsche Telekom, one of the world’s leading telecommunications providers, become a validator on the Polygon network. This collaboration will pave the way for more businesses to embrace blockchain technology through Polygon and empower consumers by unlocking the ownership and autonomy that web3 technology offers.
The Polygon’s PoS chain has recorded massive growth since its inception with tens of thousands of decentralized applications. Also, its daily transaction is more than $3 million and has a Total Value Locked of $1.2 billion.
Polygon has sealed several partnerships this year as it seeks to advance its ecosystem. The company is working closely with Immutable to accelerate the growth and adoption of the crypto-gaming ecosystem. Another partnership was sealed with Google Cloud to enable the tech giant to build infrastructures to support Polygon zkEVM.
As of press time, MATIC was trading at $0.891954 after recording a 1.03 percent surge in the last seven days. Based on market data, investors have a neutral sentiment on the market price of this asset.
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Filed under: Bitcoin - @ June 1, 2023 10:25 am