Deutsche Telekom companions with Polygon, turns into POS validator

• Deutsche Telekom has joined Polygon as a community validator.
• The telecommunications big’s subsidiary Deutsche Telekom MMS will provide staking providers to Polygon POS and Supernets.
• Deutsche Telekom MMS offers validation and staking providers on Ethereum, Movement and Chainlink amongst different chains.

Deutsche Telekom, the Germany telecommunications big that has 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 its subsidiary Deutsche Telekom MMS, had joined Polygon as a validator – considered one of solely 100 validators on Polygon’s POS community.

On this case, Deutsche Telekom MMS will take part within the Polygon ecosystem by offering staking providers for each Polygon’s PoS sidechain and Supernets. This can 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 will 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 assist the blockchain adoption course of, with Polygon the most recent POS chain so as to add the corporate as a validator.

Deutsche Telekom MMS already offers validation providers for a number of POS networks. As CoinJournal highlighted, the telco big launched an Ethereum validator in September final yr, with this coming after the “Merge”. 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 the safety and decentralization of the blockchain,” stated Dirk Röder, the Head of the Blockchain Options Heart at Deutsche Telekom.

Michael Clean, the Chief Working Officer at Polygon Labs, stated 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 customers.

As a number one scaling answer for Ethereum, Polygon’s suite of protocols embrace zero-knowledge rollups, sidechains, and app-specific chains.

The blockchain platform at present hosts tens of hundreds of dApps, accounts for over three million day by day transactions, and has $1.2 billion value of belongings in Whole Worth Locked (TVL). A few of crypto business’s greatest initiatives, corresponding to Uniswap, Aave, and OpenSea are stay on Polygon.