Deutsche Telekom Expands Blockchain Footprint as Validator on Polygon Network

As a validator, Deutsche Telekom supports Polygon staking, contributing to the security and decentralization of the blockchain. © Deutsche Telekom / Polygon Labs

(IN BRIEF) Deutsche Telekom, a leading telecommunications company, has expanded its involvement in blockchain technology by becoming a validator on Polygon, the prominent Ethereum Layer-2 scaling platform. Deutsche Telekom’s subsidiary, Deutsche Telekom MMS, will provide staking and validation services on Polygon’s Proof-of-Stake (PoS) network and Supernets solutions. As one of only 100 validators on the Polygon network, Deutsche Telekom MMS will contribute to the security, governance, and decentralization of Polygon by running a full node, producing blocks, and participating in consensus. Polygon’s PoS chain currently hosts numerous decentralized applications, processing millions of daily transactions and locking in $1.2 billion in value. The integration of Polygon and Supernets with the Ethereum blockchain allows for fast, cost-effective, and secure transaction processing.

(PRESS RELEASE) BONN, 31-May-2023 — /EuropaWire/ —  Deutsche Telekom (ETR: DTE), one of the world’s leading integrated telecommunications companies and the largest telecommunications provider in Europe by revenue, continues to embrace blockchain technology by becoming a validator on Polygon, the leading Ethereum Layer-2 scaling platform. This move signals Deutsche Telekom’s commitment to supporting the ecosystem of the network.

As a subsidiary of Deutsche Telekom, Deutsche Telekom MMS joins an esteemed group of validators on the Polygon network, which includes Q, Flow, Celo, Chainlink, and Ethereum. With this expansion, Deutsche Telekom MMS will provide staking and validation services for Polygon’s Proof-of-Stake (PoS) network and its Supernets solutions. Notably, it is one of only 100 validators on the Polygon (PoS) network.

“The Polygon ecosystem is very developer-friendly and resource-efficient. It is based on the highest security standards of the Ethereum ecosystem,” noted Dirk Röder, Head of the Blockchain Solutions Center at Deutsche Telekom. “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. Deutsche Telekom MMS also supports Polygon staking, contributing to the security and decentralization of the blockchain.”

“We are excited to have Deutsche Telekom, one of the world’s leading telecommunications providers, become a validator on the Polygon network,” said Michael Blank, Chief Operating Officer at Polygon Labs. “This collaboration will pave the way for more businesses to embrace blockchain technology through Polygon and empower consumers by unlocking the ownership and autonomy that web3 technology offers.”

Validators play a crucial role in operating and securing blockchains. By joining Polygon, developed by Polygon Labs, Deutsche Telekom MMS gains access to a suite of protocols that offer easy scalability solutions. This includes zero-knowledge rollups, sidechains, app-specific chains, and data availability protocols. As a validator, Deutsche Telekom MMS will actively contribute to securing the Polygon PoS sidechain and Supernets app-chains. This involves running a full node, producing blocks, participating in consensus, and committing checkpoints on the Ethereum mainnet, thereby enhancing security, governance, and decentralization.

Currently, Polygon’s PoS chain hosts tens of thousands of decentralized applications, processing over three million daily transactions and boasting a Total Value Locked of $1.2 billion. With Polygon Supernets, builders can swiftly create high-performing, customizable app chains that align with their specific requirements. These Supernets offer flexible implementation options, allowing projects to define their preferred throughput, gas currency, gas limit requirements, and more.

Both Polygon and Supernets operate in conjunction with the Ethereum blockchain, enabling quick, cost-effective, and secure transaction processing. Changes made on Polygon are seamlessly replicated on the Ethereum mainnet, ensuring seamless integration with the broader Ethereum ecosystem.

About Polygon Labs
Polygon Labs develops Ethereum scaling solutions for Polygon protocols. Polygon Labs engages with other ecosystem developers to help make available scalable, affordable, secure and sustainable blockchain infrastructure for Web3. Polygon Labs has initially developed a growing suite of protocols for developers to gain easy access to major scaling solutions, including layer 2s (zero-knowledge rollups), sidechains, app-specific chains and data availability protocols. Scaling solutions that Polygon Labs initially developed have seen widespread adoption with tens of thousands of decentralized apps, unique addresses exceeding 235 million, over 1.28 million smart contracts created and 2.64 billion total transactions processed since inception. The existing Polygon network is home for some of the biggest Web3 projects, such as Aave, Uniswap, and OpenSea, and well-known enterprises, including Robinhood, Stripe and Adobe. Polygon Labs is carbon neutral with the goal of leading Web3 in becoming carbon negative.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure transactions for dApps you develop, get started here.

About Deutsche Telekom: Deutsche Telekom Group profile

Media contact:

Martina Hammer
Spokesperson and Telekom Blogger

media@telekom.de
+49 228 181 49494

SOURCE: Deutsche Telekom AG