T-Mobile's Parent Company Embraces Blockchain, Becomes Validator for Polygon Network.
In Brief
Deutsche Telekom has joined the ranks of Polygon validators, thereby expanding its footprint into the blockchain industry.
In a recent announcement detailing its new venture, Deutsche Telekom aims to provide both staking and validation on Polygon's network. This strategic move reflects the company’s commitment to diversifying its portfolio of services. The Head of the Blockchain Solutions Centre at Deutsche Telekom remarked that collaborating with Polygon is a pivotal advancement for the organization.
According to Michael Blank, COO of Polygon Labs, this collaboration is expected to inspire more enterprises to integrate blockchain solutions through Polygon. This partnership will also boost consumer empowerment by leveraging the ownership and independence that Web3 technology offers.
Deutsche Telekom will play an integral part in safeguarding the security of Polygon's Proof-of-Stake sidechain and its associated supernet application chains. The company will be involved in node operation, block generation, transaction validation, and checkpointing on the Ethereum mainnet. Through these efforts, Deutsche Telekom MMS aims to fortify Polygon’s governance and enhance its decentralization initiatives.
About Polygon zkEVM
Polygon has been experiencing notable growth lately. In March, it launched it launched the beta version of its Polygon zkEVM mainnet. This innovative layer combines zero-knowledge proofs with the Ethereum Virtual Machine to boost scalability, ensuring stronger security and lower transaction fees. With Deutsche Telekom MMS now integrated, the Polygon network is poised for a surge in activity and expansion.
Michael Blank, COO at Polygon Labs, emphasizes the importance of this partnership in driving blockchain adoption among businesses. Telekom’s involvement will significantly impact the security of Polygon’s network, which is essential for its overall performance. The recent milestones in Polygon's growth, including the launch of the Polygon zkEVM mainnet beta, could gain additional momentum from Deutsche Telekom’s backing. Such a partnership underscores the increasing relevance of blockchain technology and its growing embrace across various mainstream sectors.
- Phantom is a new crypto wallet that supports two additional blockchains—Ethereum and Polygon. The company announced a beta integration for desktop, iOS, and Android apps in Q1 2023, allowing users to utilize the wallet for securing NFTs and engaging with decentralized applications.
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