Polygon Partners With Deutsche Telekom
Polygon (MATIC), the leading Layer-2 scaling platform for Ethereum (ETH), has announced a cooperation with German telecom major Deutsche Telekom. Deutsche Telekom has joined the Polygon Proof-of-Stake (PoS) network as one of 100 validators thanks to the agreement between the two companies.
While the telecoms platform investigates the full potential of blockchain technology, the partnership will help to strengthen Polygon’s security and decentralization. German telecom giant Deutsche Telekom is committed to developing the Ethereum network’s infrastructure.
Efficiency and Openness
The company is much more dedicated to the L2 platform now that it has partnered with them. The statement states that Polygon’s PoS network and Supernet technologies would get staking and validation services from Deutsche Telekom MMS, a subsidiary of Deutsche Telekom.
Polygon will benefit from Deutsche Telekom MMS’s validation nodes, and the company will also lend a hand in protecting the privacy of Polygon’s PoS side chains and the Supernet application chain. As a result, it would strengthen the protocol’s security, governance, and decentralized nature.
Deutsche Telekom MMS recognizes the significance of this relationship and values the efficiency and openness of the Polygon network from the perspective of both developers and network operators.
For the protocol, this is unmistakable proof that the blockchain network is becoming more well-known and accepted, and is being embraced by a wide range of organizations. Moreover, Michael Blank, Polygon Labs’ COO, has urged other companies to consider coming on board.
The PoS network has made a number of improvements this year that facilitate expansion. Polygon Labs’ zero-knowledge Ethereum Virtual Machine (zkEVM) entered public beta testing in March.
This collaboration between Polygon and Deutsche Telekom marks a significant milestone for the adoption of blockchain technology. The partnership not only enhances Polygon’s security and decentralization but also signifies the growing recognition of blockchain networks in various sectors. As more organizations embrace blockchain technology, we can expect further advancements and improvements in the overall ecosystem.
- Source 1: Polygon Official Website
- Source 2: Deutsche Telekom Official Website