A subsidiary of one of the largest telecommunications companies in Europe, Deutsche Telekom, has become a validator of the injective of the blockchain of layer 1.
Deutsche Telekom MMS, a subsidiary which provides software consultancy and development services, will validate transactions and will participate in ONCHAIN’s governance, according to the blog of February 27 of injective.
Eric Chen, CEO of injective, said that blockchain was “delighted to have one of the main telecommunications companies in the world” on board as a validator.
“This is another example of a web3 increasingly institutional and fully integrated into a company that understands that a decentralized blockchain offers reliability and security, the importance of which cannot be overestimated when it comes to financial questions,” said Chen.
Source: Injective
Oliver Nyderle, head of web infrastructure3 at Deutsche Telekom MMS, said the telecommunications company wanted to “promote real decentralization” and use its infrastructure to improve network security.
As part of its new Validator tasks, Deutsche Telekom MMS will mark the injective of Blockchain’s native token to propose blocks, secure the interoperability of crosschain, validate transactions and vote on governance proposals.
Deutsche Telekom MMS is the 60th injective validator, data on Block Explorer Mintcan’s programs, joining a swimming pool which includes an exchange of Crypto Kraken and a Binance.
Injective to 60 validators, including Crypto Exchange Kraken and Binance Staking. Source: Mintan
The injective takes place as an interoperable blockchain of layer 1 for finance which works on a mechanism of consensus of proof of implementation (POS).
Deutsche Telekom operates wide-band and mobile networks in more than 50 countries through its subsidiaries, such as T-Mobile; It has a market capitalization of around 178 billion dollars and, according to its profile page of the company, has 252 million mobile customers worldwide.
Deutsche Telekom MMS was founded in 1995 as a subsidiary in exclusive property of the parent company Deutsche Telekom to develop software for television; It has since extended to include a wider range of IT and technological services.
In relation: Deutsche Telekom joins a decentralized network subquide
Thanks to Deutsche Telekom MMS, the telecommunications giant regularly increased its presence in the cryptographic space, becoming a polygon validator in June 2023 and a validator for the Celo validator in June 2021.
The subsidiary has also operated a Bitcoin node since 2023 and has been transferred to Bitcoin (BTC) exploitation in November, using excess energy from renewable sources which would otherwise remain unused.
Other consumer companies have also become validators, Google Cloud becoming the central validator of the Cronos blockchain in November, joining a pool of 32 others on the Cronos Ethereum Virtual Machine (EVM) protocol.
Review: The launch of Megaeth could save Ethereum… but at what price?
