T-Mobile Owner Turns to Blockchain, Becomes Polygon Validator
Deutsche Telekom, a leading global integrated telecommunications company, has announced support for Polygon blockchain infrastructure.
According to s media releaseDeutsche Telekom has become a Polygon validator, expanding its services to the blockchain sector.
In addition, the announcement revealed that the firm’s subsidiary Deutsche Telekom MMS would provide staking and validation services on Polygon’s proof-of-stake network and Supernets solutions.
Deutsche Telekom MMS support to strengthen Polygon’s security and decentralization
Deutsche Telekom is a giant in the telecom industry and the owner of T-Mobile, a leading provider of wireless voice, messaging and data services in the US, Poland, the Netherlands, etcetera.
As a company in the telecom industry for 27 years, the recent announcement shows that Deutsche Telekom is ready to diversify its services.
The head of the Blockchain Solutions Center at Deutsche Telekom, Dirk Röder, said:
“The collaboration with Polygon is an important step for Deutsche Telekom MMS to fully exploit the potential of blockchain technology and enable applications suitable for mass distribution.”
He noted that the partnership will contribute to Polygon’s security and decentralization.
Röder explained why Deutsche Telekom MMS chose Polygon over other blockchain ecosystems.
He said the Polygon ecosystem is resource efficient, offers a developer-friendly environment and leverages the Ethereum ecosystem’s highest security standards.
Deutsche Telecom is setting the pace for other businesses to embrace blockchain technology
The media release also highlighted Deutsche’s warm welcome by the Polygon team.
Michael Blank, Chief Operating Officer at Polygon Labs, said they are pleased to have Deutsche Telekom become a validator on the Polygon network.
Blank emphasized the importance of this partnership for the blockchain ecosystem and Web3. “This collaboration will pave the way for more businesses to embrace blockchain technology through Polygon,” he said.
The Polygon Lab executive also noted that their partnership with Deutsche Telekom will empower consumers by unlocking the ownership and autonomy that Web3 technology offers.
As a validator, Deutsche Telekom MMS will help secure Polygon’s Proof-of-Stake sidechain and Supernet’s app chains.
It would improve governance and decentralization by running a node, producing blocks, validating and participating in consensus, and committing checkpoints on the Ethereum network.
Network activity increase after polygon zkEVM start
The latest integration is one of many development activities at Polygon this year.
March 27. Polygon launched its zero-knowledge Ethereum Virtual Machine (Polygon zkEVM) mainnet beta.
Polygon zkEVM is a layered network that combines zero-knowledge proof and the Ethereum Virtual Machine to increase the scalability and security of blockchains.
In addition to preserving the Ethereum infrastructure, this scaling technology reduces transaction costs.
according to May calculations for Polygon zkEVM, network fees decreased significantly while activity and liquidity increased.
From April 25th to May 25th, unique active wallets increased by 54%. The latest integration with Deutsche Telecom MMS could bring more gains to the Polygon network.