Blockchain
Deutsche Telekom, one of the world’s leading integrated telecommunications companies, has announced its integration with Polygon Blockchain. This strategic partnership marks Deutsche Telekom’s entry into the world of blockchain technology and positions it as one of the top 100 validators on the Polygon PoS network.
Deutsche Telekom becomes a validator on the Polygon network
As a leading global telecommunications company, Deutsche Telekom has expanded its blockchain technology efforts by becoming a validator on Polygon, a premier Ethereum Layer-2 scaling platform. This move means that Deutsche Telekom is endorsing the network’s ecosystem.
We are proud to announce that @deutschetelekom, one of the world’s largest and most successful telecommunications companies, is expanding support for Polygon infrastructure by becoming one of only 100 validators on the Polygon PoS network.
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— Polygon (Labs) (@0xPolygonLabs) May 31, 2023
Deutsche Telekom’s subsidiary, Deutsche Telekom MMS, has expanded its validation nodes to include Polygon, following previous agreements with Q, Flow, Celo, Chainlink, and Ethereum. The subsidiary now provides stakeout and validation services for Polygon’s Proof-of-Stake (PoS) network and Supernets solutions. In particular, Deutsche Telekom MMS belongs to the exclusive group of 100 validators on the Polygon (PoS) network.
Dirk Röder, Head of the Blockchain Solutions Center at Deutsche Telekom, said: “The Polygon ecosystem is very developer-friendly and resource-efficient. It is based on the highest security standards of the Ethereum ecosystem.”
He added: “Partnering with Polygon is an important step for Deutsche Telekom MMS to fully exploit the potential of blockchain technology and enable applications suitable for mass deployment. Deutsche Telekom MMS also supports Polygon staking, which contributes to the security and decentralization of the blockchain.”
Michael Blank, Chief Operating Officer at Polygon Labs, commented, “We are delighted that Deutsche Telekom, one of the world’s leading telecommunications providers, is becoming a validator on the Polygon network. This partnership will pave the way for more companies to embrace blockchain technology through Polygon and empower consumers by unlocking the ownership and autonomy that Web3 technology offers.”
Validators: The cornerstone of Blockchain operation
Validators play a vital role in the Polygon blockchain ecosystem. They are responsible for verifying and validating new transactions and blocks on the network. Validators ensure the accuracy and security of the network, making them an integral part of the decentralized nature of the blockchain.
Polygon Labs, the team behind the development and expansion of Polygon, has created an evolving ecosystem that gives developers easy access to a variety of scaling solutions. These include zero-knowledge rollups, sidechains, app-specific chains, and data availability protocols.
As a validator, Deutsche Telekom MMS plays a critical role in strengthening the security, management and decentralization of Polygon’s PoS sidechain and Supernets app chains. This is achieved by serving an entire node, generating blocks, validating and participating in consensus, and capturing checkpoints on the Ethereum mainnet.
Currently, Polygon’s PoS chain hosts tens of thousands of decentralized applications, processing more than three million transactions daily and securing $1.2 billion in Total Value Locked.
Polygon Supernets enables developers to quickly and smoothly build high-performing, customizable app chains, giving them the flexibility to focus on their business strategies and user engagement. These Supernets allow projects to set their own parameters for throughput, gas currency, gas limit requirements and much more.
Both solutions work in tandem with the Ethereum blockchain and provide fast, cost-effective and secure transaction processing. Any changes are then mirrored on the Ethereum mainnet.
By supporting Polygon, Deutsche Telekom is contributing to a smoother, more efficient blockchain network that could revolutionize the way we transact on the blockchain. The integration of Deutsche Telekom with Polygon is an important step forward for both entities. For Deutsche Telekom, it represents a bold move into the blockchain space, demonstrating its commitment to innovation and technological advancement.
On the other hand, Deutsche Telekom’s support as a validator strengthens the Polygon network and improves its security and reliability. This partnership will also bring more visibility to Polygon, potentially drawing more users and developers to the platform.
