{"id":16972,"date":"2023-06-01T21:10:33","date_gmt":"2023-06-02T01:10:33","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/t-mobile-owner-turns-to-blockchain-becomes-polygon-validator\/"},"modified":"2023-06-01T21:10:34","modified_gmt":"2023-06-02T01:10:34","slug":"t-mobile-owner-turns-to-blockchain-becomes-polygon-validator","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=16972","title":{"rendered":"T-Mobile Owner Turns to Blockchain, Becomes Polygon Validator"},"content":{"rendered":"
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Deutsche Telekom, a leading global integrated telecommunications firm, has announced support for Polygon blockchain infrastructure.<\/p>\n

As per a media release<\/u>, Deutsche Telekom has become a Polygon validator, extending its services to the blockchain sector.\u00a0<\/p>\n

Also, the announcement revealed the firm’s subsidiary Deutsche Telekom MMS would provide staking and validation services on Polygon’s proof-of-stake network and Supernets solutions.<\/p>\n

Deutsche Telekom MMS Support To Bolster Polygon\u2019s Security and Decentralization<\/h2>\n

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 United States, Poland, Netherlands, etcetera.\u00a0<\/p>\n

As a firm in the telecom business for 27 years, the recent announcement shows that Deutsche Telekom is ready to diversify its services.\u00a0<\/p>\n

The Head of the Blockchain Solutions Centre at Deutsche Telekom, Dirk R\u00f6der, said:<\/p>\n

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\u00a0“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 deployment.\u201d\u00a0<\/p>\n<\/blockquote>\n

He noted that the partnership will contribute to Polygon’s security and decentralization.<\/p>\n

R\u00f6der explained why Deutsche Telekom MMS chose Polygon out of other blockchain ecosystems.\u00a0<\/p>\n

He said the Polygon ecosystem is resource-efficient, offers a developer-friendly environment, and leverages the Ethereum ecosystem\u2019s highest security standards.<\/p>\n

Deutsche Telecom Setting The Pace For Other Business To Embrace Blockchain Technology<\/h2>\n

The media release also highlighted Deutsche\u2019s warm welcome by the Polygon team.\u00a0<\/p>\n

Michael Blank, Chief Operating Officer at Polygon Labs, said they are excited to have Deutsche Telekom become a validator on the Polygon network.\u00a0<\/p>\n

Blank stressed the importance of this partnership to the blockchain ecosystem and Web3. \u201cThis collaboration will pave the way for more businesses to embrace blockchain technology through Polygon,\u201d he said.\u00a0<\/p>\n

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.<\/p>\n

As a validator, Deutsche Telekom MMS will contribute to securing Polygon’s Proof-of-Stake side chain and Supernets app chains.<\/p>\n

It would improve its governance and decentralization by running a node, producing blocks, validating and participating in consensus, and committing checkpoints on the Ethereum mainnet.<\/p>\n

Network Activity Increase Following Polygon zkEVM Launch<\/h2>\n

The latest integration is one of the many developmental activities on Polygon this year.\u00a0<\/p>\n

On March 27, Polygon launched<\/u> its zero-knowledge Ethereum Virtual Machine (Polygon zkEVM) mainnet beta.\u00a0<\/p>\n

The Polygon zkEVM is a layered network that combines zero-knowledge proofs and the Ethereum Virtual Machine to boost blockchain scalability and security.\u00a0<\/p>\n

In addition to preserving Ethereum infrastructure, this scaling technology reduces transaction costs.\u00a0<\/p>\n

According to the May metrics<\/u><\/a> for Polygon zkEVM, network fees decreased significantly while activity and liquidity increased.\u00a0\u00a0<\/p>\n

From April 25 to May 25, unique active wallets increased by 54%. The latest integration with Deutsche Telecom MMS could bring more wins to the Polygon network.<\/p>\n<\/p><\/div>\n