The parent company of one of the biggest cell service providers in the US is becoming a validator on layer-2 scaling network Polygon (MATIC).
In a new company announcement, Deutsche Telekom, the conglomerate that owns telecommunications giant T-Mobile, says it will begin validating nodes for Polygon, just like it’s been doing for other prominent crypto assets.
“Deutsche Telekom’s subsidiary, Deutsche Telekom MMS, extends its validation nodes to Polygon, providing staking and validation services for the Proof-of-Stake (POS) network and Polygon’s Supernets solutions. Deutsche Telekom MMS is one of only 100 validators on the Polygon network.”
Other digital assets Deutsche Telekom currently validates nodes for include Ethereum (ETH), Flow (FLOW), Chainlink (LINK), Celo (CELO), and Q.
Dirk Röder, Head of the Blockchain Solutions Center at Deutsche Telekom, says that becoming a validator for Polygon will help the firm fully unlock the potential of blockchain technology.
“The Polygon ecosystem is very developer-friendly and resource-efficient. It is based on the highest security standards of the Ethereum ecosystem. 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.”
Röder says that the firm currently also supports Polygon staking, which contributes to the protocol’s decentralization and security.
According to the announcement, as a validator, Deutsche Telekom “will help secure Polygon’s POS sidechain and Supernets app-chains, contributing to their security, governance, and decentralization by running a full node, producing blocks, validating and participating in consensus, and committing checkpoints on the Ethereum mainnet.”
MATIC is trading for $0.88 at time of writing, a 1.12% decrease during the last 24 hours.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/marymyyr
