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Polygon (MATIC) Taps Deutsche Telekom Partnership – Crypto News

Published

2 years ago

May 31, 2023

Dripp

Leading Ethereum (ETH) Layer-2 scaling platform Polygon (MATIC) is ending May with a partnership with telecommunication giant Deutsche Telekom.

Per the terms of the partnership, Deutsche Telekom has become one of the 100 validators on the Polygon Proof-of-Stake (PoS) network. One of the perks of this collaboration is that while the telecommunications platform is exploring the full potential of blockchain technology, it would also contribute to Polygon’s security and decentralization.

Deutsche Telekom is one of the leading telecommunications companies that is dedicated to improving the ETH ecosystem.

Its latest alliance with the L2 platform further accentuates its commitment. According to the announcement, Deutsche Telekom’s subsidiary, Deutsche Telekom MMS, will provide both staking and validation services for both Polygon’s PoS network and Supernet solutions.

Polygon Blockchain Gains Recognition Across Industries

While Deutsche Telekom MMS offers its validation nodes to Polygon, it would also assist in securing the Polygon PoS side chains and Supernet app chain. In effect, it would be contributing to the protocol’s security, governance and decentralization. Markedly, Deutsche Telekom MMS acknowledges this partnership as a milestone and also appreciates the developer-friendly and resource-efficient nature of the Polygon network.

Speaking of these features, Dirk Röder, Head of the Blockchain Solutions Center at Deutsche Telekom said;

“The Polygon ecosystem is very developer-friendly and resource-efficient. It is based on the highest security standards of the Ethereum ecosystem. Therefore, “We are thrilled to bits by this collaboration & view it as a huge step towards more businesses adopting blockchain technology and the ethos of Web3.”

For the protocol, it is a clear indication that the blockchain network’s popularity and recognition is fast spreading and is being adopted across several industries and businesses. Chief Operating Officer at Polygon Labs Michael Blank encouraged more businesses to consider joining the train.

Since the beginning of this year, the PoS network has done several works to encourage scalability. In March, Polygon Labs released the beta version of its zero-knowledge Ethereum Virtual Machine (zkEVM) to the general public. Soon after that bagged a long-term strategic deal with Google Cloud to boost the ecosystem. The more recent topic of interest is the outstanding performance of the Polygon zkEVM which may likely draw more mainstream validators in the near future.

Benjamin Godfrey is a blockchain enthusiast and journalist who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter, LinkedIn

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