Long-established company is given a key role at Polygon

Deutsche Telekom is further expanding its activities in the field of blockchain technology. As BTC-ECHO learned in advance, the telecommunications provider is now providing infrastructure for the Polygon ecosystem. Particularly explosive: Telekom MMS is also one of only 100 validators of the network. You don’t go empty-handed: the company receives the classic staking rewards for checking and approving transactions in the network.

With the full node, one creates and validates blocks, takes
Participates in the consensus and establishes checkpoints on the Ethereum blockchain. As a validator, the traditional company from Bonn secures Polygon and its supernets. The Telekom subsidiary is thus contributing to the security, governance and decentralization of the blockchain.

The focus: Polygon and the Web3

The POS blockchain runs thousands of decentralized applications and more than three million transactions every day. The Total value of all funds locked on Polygon (TVL) is worth just over $1 billion at the time of writing. When asked whether Polygon’s recently launched zkEVM blockchain is also supported, Telekom MMS explains:

We are taking a holistic approach to networking, aiming to progressively expand support for the Polygon network. In addition, we are also monitoring the development of new polygon chains for future consideration. For now, however, our primary focus is on the mainnet and supernets.

Polygon Labs plans to add more companies in the future. Such collaborations also aim to “enable consumers to take advantage of the ownership and autonomy offered by Web3 technology.” Telekom is also focusing on Web3. To BTC-ECHO it says:

We continue our efforts to grow our Web3 infrastructure business and aim to work closely with the Polygon community. Our goal is to give Telekom customers access to a wide range of Web3 offerings in the future.

Telekom conquers the blockchain

Telekom has been using crypto for a long time. With Ethereum, Chainlink or Polkadot, the telecommunications provider supports several leading proof-of-stake networks. The long-established German company has recently started hosting its own bitcoin nodes.

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Whether mining will become part of the services in the future remains to be seen. Because: Telekom is aware of the criticism in connection with the high energy consumption, but also sees the potential of Bitcoin for regenerative power grids. With the topic expertise and the one hundred percent green infrastructure, you see yourself in exactly the right position to provide information.

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