T-Mobile Owner Turns to Blockchain, Becomes Polygon Network Validator
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In Brief
Deutsche Telekom has become a Polygon validator, extending its services to the blockchain sector.
Deutsche Telekom will offer staking and validation services on Polygon’s network, as stated in a recent announcement. This expansion into the blockchain sector reflects Deutsche Telekom’s endeavor to diversify its service offerings. According to Head of the Blockchain Solutions Centre at Deutsche Telekom, the collaboration with Polygon is viewed as a crucial step forward for the company.
Michael Blank, Chief Operating Officer at Polygon Labs, believes this partnership will encourage more businesses to adopt blockchain technology via Polygon. The collaboration will also empower consumers by unlocking the ownership and autonomy that Web3 technology provides, according to Blank.
Deutsche Telekom will have a significant role in ensuring the security of Polygon’s Proof-of-Stake side chain and supernet app chains. The company will actively engage in running a node, producing blocks, validating transactions, and committing checkpoints on the Ethereum mainnet. Through these activities, Deutsche Telekom MMS will contribute to strengthening Polygon’s governance and decentralization efforts.
About Polygon zkEVM
Polygon has been seeing substantial growth in recent times. In March, it launched its Polygon zkEVM mainnet beta, a layered network that merges zero-knowledge proofs with the Ethereum Virtual Machine, enhancing blockchain scalability and security while reducing transaction costs. With the latest Deutsche Telekom MMS integration, the Polygon network is likely to continue seeing increased activity and growth.
Michael Blank, COO at Polygon Labs, highlights the significance of the partnership in terms of promoting blockchain adoption among businesses. Telekom’s role will have a direct impact on the security of Polygon’s chain, which is crucial for the network’s performance. Polygon’s recent growth, including the launch of its Polygon zkEVM mainnet beta, could be further propelled by Deutsche Telekom’s endorsement. Such a collaboration reinforces the importance of blockchain technology and its increasing acceptance and utilization by mainstream industries.
- Phantom is a new crypto wallet that provides support for two more blockchains, Ethereum and Polygon. The company announced the integration in beta mode for desktop, iOS, and Android apps in the first quarter of 2023. Users can use the wallet to store NFTs and decentralized applications.
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Nik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.
More articlesNik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.
