$ETH: T-Mobile’s Parent Deutsche Telekom Says It ‘Supports Ethereum Blockchain’
On Thursday (September 29), Deutsche Telecom, a German telecommunications company headquartered in Bonn that is the largest telecommunications provider in Europe by revenue, announced that it is “supporting Ethereum with infrastructure.”
Deutsche Telecom (DT), which operates several subsidiaries worldwide (including T-Mobile), stated in a press release issued on September 29 that it is “expanding its activities in blockchain technology to include the second largest blockchain in the world” and that “DT’s subsidiary, T-Systems MMS supplies the Ethereum network with infrastructure in the form of validation nodes.”
The press release went on to say:
“Ethereum uses the cryptocurrency Ether (ETH) as a means of payment for transactions. After the so-called “Merge”, Ethereum recently relies on Proof-of-Stake (PoS) for consensus, which, in addition to laying the foundation for future scalability improvements, significantly reduces the blockchain’s energy needs. T-Systems MMS maintains sustainable blockchain networks and therefore supports the transition to PoS by operating validation nodes.
“In addition, the subsidiary Deutsche Telekom cooperates with Stake Wise. StakeWise offers floating stake pools, which allow users to keep their ETH tokens without having to operate validator nodes themselves. As a result, the entry barrier for investing in cryptocurrency is lowered.“
Dirk Röder, head of the Blockchain Solutions Center at T-Systems MMS, had this to say:
“Our partner StakeWise collects individual Ether tokens from many different owners and merges them into validator nodes. These validator nodes are delivered and operated as infrastructure by T-Systems MMS. Deposited Ether tokens remain available to the owner in this construct – floating – and can be used in other Decentralized Finance (DeFi) applications...
“After partnering with Flow, Celo and Polkadot, we are now taking the next decisive step in the blockchain world and pioneering work here with Ethereum. As a node operator, our entry into floating effort and the close cooperation with a DAO is news for Deutsche Telekom.“
And Kirill Kutakov, co-founder of StakeWise, added:
“With the transition to Proof-of-Stake, we expect strong demand and significantly increasing capital flows in the Ethereum network. We are therefore pleased that T-Systems MMS, as an infrastructure provider, adds more reliability to our protocol and makes the Ethereum ecosystem safer overall.“
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