bsc.news
Deutsche Telekom X Polygon Labs
Deutsche Telekom, a leading global telecommunications company, has announced its support for the Polygon blockchain infrastructure. By becoming a validator on Polygon, the prominent Ethereum Layer-2 scaling platform, Deutsche Telekom is expanding its involvement in blockchain technology and demonstrating its backing for the network's ecosystem.
Deutsche Telekom's subsidiary, Deutsche Telekom MMS, has extended its validation nodes to Polygon, enabling staking and validation services for the Proof-of-Stake (PoS) network and Polygon's Supernets solutions. As one of only 100 validators on the Polygon (PoS) network, Deutsche Telekom MMS emphasizes the developer-friendly and resource-efficient nature of the Polygon ecosystem, which adheres to the high security standards of the Ethereum ecosystem.
This collaboration between Deutsche Telekom and Polygon is seen as a significant milestone for Deutsche Telekom MMS to fully leverage the potential of blockchain technology and facilitate mass-deployable applications. Additionally, Deutsche Telekom MMS supports Polygon staking, contributing to the blockchain's security and decentralization.
“We are excited to have Deutsche Telekom, one of the world’s leading telecommunications providers, become a validator on the Polygon network,” said Polygon Labs' Chief Operating Officer, Michael Blank.
Blank believes that the collaboration paves the way for more businesses to embrace blockchain technology and empowers consumers by leveraging the ownership and autonomy offered by web3 technology.
As a validator, Deutsche Telekom MMS will play a crucial role in operating and securing Polygon's PoS sidechain and Supernets app-chains. By running a full node, producing blocks, validating and participating in consensus, and committing checkpoints on the Ethereum mainnet, Deutsche Telekom MMS contributes to the security, governance, and decentralization of Polygon.
What is Polygon:
Polygon is a “sidechain” scaling solution that runs alongside the Ethereum blockchain — allowing for speedy transactions and low fees. MATIC is the network’s native cryptocurrency, which is used for fees, staking, and more. The effectiveness of Polygon as an alternative to Ethereum has seen existing projects such as Aave and Curve adopting its chain.
For more about Polygon:
Website | Twitter | GitHub | Reddit | YouTube