Deutsche Telekom to Secure Polygon Blockchain in the Form of Validation Node Jun 1, 2023 Jun 1, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJune 1, 2023 by Kelly Cromley

Deutsche Telekom to Secure Polygon Blockchain in the Form of Validation Node

Deutsche Telekom, a prominent integrated telecommunications firm globally, has recently become a validator on Polygon, the foremost Ethereum Layer-2 scaling platform. This move signifies the company’s endorsement of the network’s ecosystem and its efforts to broaden its involvement in blockchain-related pursuits.

Deutsche Telekom MMS has expanded its validation nodes to Polygon, joining the likes of Q, Flow, Celo, Chainlink, and Ethereum. This move will enable the company to offer staking and validation services for the Proof-of-Stake (PoS) network and Supernets solutions developed by Polygon. One of the validators for the Deutsche Telekom network is the MMS.

The presence of validators is of utmost importance for the functioning and safeguarding of blockchains. The suite of protocols within the Polygon ecosystem provides developers with access to a range of scalability solutions, such as zero-knowledge rollups, sidechains, app-specific chains, and data availability protocols. These solutions are designed to be easily accessible and offer significant benefits to developers seeking to enhance their projects.

The aforementioned protocols were formulated by the development and expansion team of Polygon Labs. Deutsche Telekom MMS will play a crucial role as a validator in enhancing the security, governance, and decentralization of Polygon’s PoS sidechain and Supernets app-chains. This will be achieved through the operation of a full node, block production, validation, and active participation in consensus. Additionally, Deutsche Telekom MMS will commit checkpoints on the Ethereum mainnet to further bolster the network’s overall integrity.

Presently, the Proof-of-Stake (PoS) chain of Polygon accommodates numerous decentralized applications, with a count of tens of thousands, and records over three million daily transactions, along with a Total Value Locked of $1.2 billion. The Polygon Supernets platform empowers developers to rapidly and effortlessly build adaptable app chains that deliver exceptional performance. With a range of implementation options, projects can focus on their business model and user strategies, while benefiting from the platform’s flexibility. Supernets allow projects to specify a range of parameters, including but not limited to throughput, gas currency, and gas limit requirements.

Both solutions leverage the Ethereum blockchain, facilitating rapid, cost-effective, and secure transaction processing. The modifications are subsequently replicated by the Ethereum mainnet.
The Chief Operating Officer of Polygon Labs is Michael Blank. “It is with great excitement that we announce the addition of Deutsche Telekom, a leading global telecommunications provider, to the Polygon network as a validator. This collaboration is expected to facilitate the adoption of blockchain technology among various enterprises through Polygon. Additionally, it will enable customers to exercise greater control and independence by leveraging the benefits of web3 technology.”

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.