Telecommunications – See the Reality https://www.seethereality.com Official Crypto News Website Wed, 31 May 2023 20:50:06 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://www.seethereality.com/wp-content/uploads/2023/03/cropped-onlinelogomaker-032123-0229-2177-32x32.png Telecommunications – See the Reality https://www.seethereality.com 32 32 Deutsche Telekom companions with Polygon, turns into POS verifier https://www.seethereality.com/?p=26698 https://www.seethereality.com/?p=26698#respond Wed, 31 May 2023 20:50:06 +0000 https://www.seethereality.com/?p=26698

  • Deutsche Telekom has joined Polygon as a community tester.
  • Deutsche Telekom MMS, a subsidiary of the telecommunications large, will supply Polygon POS and Supernets companies.
  • Deutsche Telekom MMS supplies validation and funding companies for Ethereum, Circulation and Chainlink, amongst different networks.

German telecommunications large Deutsche Telekom, which has lately been actively increasing its footprint within the blockchain know-how house, has partnered with Polygon, the main Ethereum Layer-2 scaling platform.

On Wednesday, Deutsche Telekom introduced that its subsidiary Deutsche Telekom MMS has joined Polygon as a verifier, certainly one of 100 verifiers for Polygon’s POS community.

On this case, Deutsche Telekom’s MMS will take part within the Polygon ecosystem by offering Polygon’s PoS sidechain and Supernets companies. This will probably be achieved by implementing a full node and producing blocks that contribute to the safety, governance and decentralization of the community.

As a validator, the corporate may even assist strengthen the Ethereum community.

Deutsche Telekom helps Ethereum and different POS networks

The collaboration is a crucial step in Deutsche Telekom’s dedication to assist blockchain adoption, and Polygon is the most recent POS chain to enlist the corporate as a validator.

Deutsche Telekom MMS already supplies authentication companies for a number of POS networks. As CoinJournal identified, the telecom large launched an Ethereum validator final September, which will probably be carried out after the Merger. Different supported blockchains embody Chainlink, Q, Circulation, and Celo.

The collaboration with Polygon is a crucial step for Deutsche Telekom’s MMS to totally exploit the potential of blockchain know-how and allow functions appropriate for mass deployment. Deutsche Telekom’s MMS additionally helps polygons, contributing to blockchain safety and decentralization.Dirk Röder, Head of Blockchain Options Middle at Deutsche Telekom, mentioned.

Michael Clean, chief working officer of Polygon Labs, mentioned in an announcement that the collaboration will permit many extra corporations to make the most of Web3 and blockchain know-how, and people corporations will use Polygon’s community to empower shoppers.

As Ethereum’s main scaling resolution, Polygon’s suite of protocols contains zero-knowledge stacks, sidechains, and application-specific chains.

The Blockchain platform at the moment has tens of hundreds of dApps, greater than three million transactions and 1.2 billion transactions per day. Among the largest tasks within the cryptocurrency trade, equivalent to Uniswap, Aave, and OpenSea, are powered by Polygon.

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