Deutsche Telekom Partners with Polygon, Expanding Blockchain Influence
The parent company of one of the largest cellular service providers in the United States has announced its participation as a validator on Polygon (MATIC), a layer-2 scaling network.
Deutsche Telekom, the conglomerate that owns telecommunications giant T-Mobile, revealed its plans to validate nodes for Polygon, similar to its current validation activities for other prominent cryptocurrencies.
Deutsche Telekom’s subsidiary, Deutsche Telekom MMS, will extend its validation nodes to Polygon, offering staking and validation services for the PoS network and Polygon’s Supernets solutions. Deutsche Telekom MMS is among the exclusive group of 100 validators on the Polygon network.
Deutsche Telekom currently validates nodes for various digital assets such as Ethereum (ETH), Flow (FLOW), Chainlink (LINK), Celo (CELO), and Q.
Dirk Röder, Head of the Blockchain Solutions Center at Deutsche Telekom, believes that becoming a validator for Polygon will enable the firm to fully unlock the potential of blockchain technology. He emphasizes the developer-friendly and resource-efficient nature of the Polygon ecosystem, which adheres to the stringent security standards of the Ethereum ecosystem.
READ MORE: How the Stock Market Defies Economic Chaos
Collaborating with Polygon is a significant milestone for Deutsche Telekom MMS, empowering them to explore the vast possibilities of blockchain technology and facilitate applications suitable for widespread use.
Röder adds that the firm also supports Polygon staking, actively contributing to the decentralization and security of the protocol.
As a validator, Deutsche Telekom will play a vital role in securing Polygon’s POS sidechain and Supernets app chains. They will enhance the network’s security, governance, and decentralization by running a full node, generating blocks, validating and participating in consensus, and committing checkpoints on the Ethereum mainnet.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
