Deutsche Telekom MMS Enhances MultiversX Network, Advancing Web3 Security

Together with MultiversX, Deutsche Telekom MMS enables fast, secure and cost-effective applications on the Web3. © Telekom MMS/Montage: Lena Krause

(IN BRIEF) Deutsche Telekom MMS, a subsidiary of Deutsche Telekom, has become a validator on the MultiversX Network, enhancing security and efficiency for Web3 applications. MultiversX, known for its scalable blockchain architecture, has processed nearly 350 million transactions and has over two million user accounts. Their xPortal App facilitates digital financial solutions and cryptocurrency/NFT transactions. “Adaptive State Sharding” technology divides the blockchain into segments for improved scalability. Deutsche Telekom MMS, in its validator role, ensures network security through its multi-cloud strategy and extensive experience in managed networks. This partnership strengthens the foundation of Web3 and the Metaverse.

(PRESS RELEASE) BONN, 20-Oct-2023 — /EuropaWire/ —  Deutsche Telekom (ETR: DTE), one of the world’s leading integrated telecommunications companies and the largest telecommunications provider in Europe by revenue, announces that its subsidiary, Deutsche Telekom MMS, has integrated into the MultiversX Network as a validator, marking a significant step towards enhancing the security and efficiency of Web3 applications. In this pivotal role, Deutsche Telekom MMS will be responsible for verifying transactions, generating blocks, and fortifying the network against potential attacks.

MultiversX has introduced a robust, scalable, and secure blockchain architecture designed to meet the demands of enterprise applications, DeFi (Decentralized Finance), Web3, and the emerging Metaverse. With an impressive track record of nearly 350 million transactions and more than two million user accounts, MultiversX is at the forefront of driving Metaverse adoption. The company offers a suite of products tailored for digital experiences, including the high-performance xPortal App. This app empowers businesses to develop and seamlessly integrate digital financial solutions while facilitating cryptocurrency and NFT (Non-Fungible Token) transactions. Furthermore, the inclusion of AI avatars and a chat feature enhances customer and client interaction and communication.

MultiversX’s groundbreaking “Adaptive State Sharding” technology further sets it apart. This innovative approach divides the blockchain into segments, known as “shards,” with each shard holding specific data portions. This division enables linear scalability, resulting in increased transaction processing capacity, efficient workload distribution, and a network that remains resilient under varying demands.

In its role as a validator, Deutsche Telekom MMS assumes a critical role in safeguarding the integrity and trustworthiness of the blockchain network. Leveraging Deutsche Telekom’s multi-cloud strategy, robust infrastructure, round-the-clock expert maintenance, and extensive experience in managed networks, Deutsche Telekom MMS ensures the continuous security and reliability of the MultiversX Network.

The integration of Deutsche Telekom MMS as a validator reaffirms MultiversX’s commitment to delivering secure, scalable, and innovative blockchain solutions to power the future of Web3 and the Metaverse.

“The Metaverse needs secure infrastructures because digital experiences and the gaming world for the masses require stable networks. I am happy to take the next step in Web3 together with MultiversX and to shape this new era,” says Dirk Röder, responsible for the Web3 Infrastructure & Solutions Team at Deutsche Telekom MMS.

“A strong sign of blockchain’s progress is when industry veterans pay attention to and actively participate in it. Today, we are further pushing Web3’s potential by creating new pathways and exploring new experiences with Deutsche Telekom MMS,” said Beniamin Mincu, MultiversX CEO.

About Deutsche Telekom: Deutsche Telekom at a glance

About MultiversX: A highly scalable, secure and decentralized blockchain network created to enable radically new applications, for users, businesses, society, and the new metaverse frontier. https://multiversx.com

Media contact:

Martina Hammer
Spokesperson and Telekom Blogger

media@telekom.de
+49 228 181 49494

SOURCE: Deutsche Telekom AG