{"id":164673,"date":"2022-10-01T19:36:51","date_gmt":"2022-10-01T19:36:51","guid":{"rendered":"https:\/\/precoinnews.com\/?p=164673"},"modified":"2022-10-01T19:36:51","modified_gmt":"2022-10-01T19:36:51","slug":"eth-t-mobiles-parent-deutsche-telekom-says-that-it-supports-ethereum-blockchain","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/ethereum\/eth-t-mobiles-parent-deutsche-telekom-says-that-it-supports-ethereum-blockchain\/","title":{"rendered":"$ETH: T-Mobile\u2019s Parent Deutsche Telekom Says That It \u2018Supports Ethereum Blockchain\u2019"},"content":{"rendered":"<p>On Thursday (September 29), Deutsche Telecom, a a German\u00a0telecommunications\u00a0company headquartered in\u00a0Bonn\u00a0that is the largest telecommunications provider in\u00a0Europe\u00a0by revenue, announced that it \u201csupports Ethereum with infrastructure.\u201d<\/p>\n<p>Deutsche Telecom (DT), which operates several subsidiaries worldwide (including T-Mobile), stated in a press release issued on September 29 that it is \u201cexpanding its activities in the field of blockchain technology by including the second largest blockchain in the world\u201d and that \u201cDT\u2019s subsidiary,\u00a0T-Systems\u00a0MMS provides the Ethereum Network with infrastructure in the form of validation nodes.\u201d <\/p>\n<p>The press release went on to say:<\/p>\n<p>\u201c<em>Ethereum uses the cryptocurrency Ether (ETH) as a means of payment for transactions. After the so called \u2018Merge\u2019, 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\u2019s energy requirements.\u00a0T-Systems\u00a0MMS maintains sustainable blockchain networks and therefore supports the transition to PoS by operating validation nodes.<\/em><\/p>\n<p>\u201c<em>In addition, the Deutsche Telekom subsidiary cooperates with Stake Wise. StakeWise offers liquid staking pools, which allow users to keep their ETH tokens without having to operate validator nodes themselves. As a result, the entry barrier for investments in cryptocurrency is lowered.<\/em>\u201c<\/p>\n<p>Dirk R\u00f6der, Head of Blockchain Solutions Center at\u00a0T-Systems\u00a0MMS, had this to say:<\/p>\n<p>\u201c<em>Our cooperation partner StakeWise collects individual Ether tokens from many different owners and merges them into validator nodes. These validator nodes are provided and operated as infrastructure by\u00a0T-Systems\u00a0MMS. Staked Ether tokens remain available to the owner in this construct \u2013 liquid \u2013 and can be used in other Decentralized Finance (DeFi) applications.<\/em>..<\/p>\n<p>\u201c<em>After collaborating with\u00a0Flow,\u00a0Celo\u00a0and\u00a0Polkadot, we are now taking the next decisive step in the blockchain world and are doing pioneering work here with Ethereum. As a node operator, our entry into liquid staking and the close collaboration with a DAO is a novelty for Deutsche Telekom.<\/em>\u201c<\/p>\n<p>And Kirill Kutakov, co-founder of StakeWise, added:<\/p>\n<p>\u201c<em>With the move to Proof-of-Stake, we expect strong demand and significantly increasing capital flows in the Ethereum network. We are therefore pleased that\u00a0T-Systems\u00a0MMS, as an infrastructure provider, is giving our protocol more reliability and making the Ethereum ecosystem safer overall.<\/em>\u201c<\/p>\n<h2>Image Credit<\/h2>\n<p><em>Featured Image via\u00a0Pixabay<\/em><\/p>\n<p>Source: <a href=\"https:\/\/www.cryptoglobe.com\/latest\/2022\/10\/eth-t-mobiles-parent-deutsche-telekom-says-that-it-supports-ethereum-blockchain\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Thursday (September 29), Deutsche Telecom, a<\/p>\n","protected":false},"author":3,"featured_media":164672,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>$ETH: T-Mobile\u2019s Parent Deutsche Telekom Says That It \u2018Supports Ethereum Blockchain\u2019 - 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