launch of an Ethereum (ETH) staking validator


Deutsche Telekom (DT), the parent company of wireless network operator T-Mobile, announced that its subsidiary T-Systems MMS will support the Ethereum blockchain network with infrastructure in the form of validator nodes.

Source: T-mobile

In a press release, the German tech giant revealed that T-Systems will also offer liquid ether staking services through a partnership with the provider. StakeWise.

This partnership will see the DT subsidiary participate in the decentralized application (dApp) governance process as it has joined StakeWise’s decentralized autonomous organization (DAO).

According to DT, the move aims to solidify the company’s presence in the blockchain space while contributing to the transparency of the second-largest blockchain network in the market.

It is also to support the Ethereum network’s transition to using a proof-of-stake (PoS) consensus mechanism. T-Systems MMS already runs other “sustainable blockchain networks” such as Flow, Celo and Polkadot.

“After collaborating with Flow, Celo, and Polkadot, we are now taking another step into the blockchain world and doing pioneering work here with Ethereum. As a node operator, our entry into liquid staking and the close collaboration with a DAO is new for Deutsche Telekom,” said Dirk RoderHead of Blockchain Solutions Center at T-Systems MMS.

T-Systems MMS isn’t the only front on which DT is gaining a foothold in the blockchain space. In September, T-Mobile signed a five-year partnership with Helium Network to enable the blockchain-based decentralized wireless service provider to enable its users to access the 5G network with T-Mobile’s infrastructure.

An Expected Increase in Institutional Adoption of the Ethereum Blockchain

In a statement, Kirill Kutakovco-founder of StakeWise, said that a surge in demand and an increase in capital flows to the Ethereum network is possible:

“With the move to Proof-of-Stake, we expect strong demand and a significant increase in capital flows into the Ethereum network. We are therefore pleased that T-Systems MMS, as an infrastructure provider , brings greater reliability to our protocol and makes the Ethereum ecosystem overall more secure.”

His remark echoes those of blockchain industry commentators, who predict that the merger will spark a new wave of investment from institutions. Bloomberg analysts note that the reduction in power consumption and subsequent scalability improvements are likely to improve the value proposition of the Ethereum blockchain for institutions.

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