A subsidiary of one of Europe’s largest telecommunication companies, Deutsche Telekom, has become a validator for layer-1 blockchain injection.
Deutsche Telekom MMS, a subsidiary that provides consulting and software development services, will validate transactions and participate in onchain governance, According to In the blog post of February 27 from Injective.
Eric Chen, CEO of Injective, said Blockchain was “thrilled to have one of the world’s leading telecommunication companies” to ride as a validator.
“This is another web3 example that is becoming more and more institutional and fully integrated into a society that understands that a decentralized blockchain offers reliability and security, the importance of which cannot be overstated when talking about financial matters,” Chen said.
Source: Iniction
Oliver Nyderle, head of Web3 Infrastructure at Deutsche Telekom MMS, Says Telecom firm wants to “promote real decentralization” and use its infrastructure to enhance network security.
As part of its new duties in its validator, Deutsche Telekom MMS will be staking the injective Blockchain native token Inj to propose blocks, safe interoperability of crosschain, validate transactions and vote on management measures.
Deutsche Telekom MMS is 60 Injective Validator, Data on Block Explorer Mintscan Shut upJoin a pool that includes Crypto Exchange Kraken and Binance staking.
Injective has 60 validators, including crypto exchange Kraken and Binance staking. Source: Mintscan
Injection styles itself as an interoperable layer-1 blockchain purpose for financial operating in a Proof-of-Stake (POS) Agreement mechanism.
Deutsche Telekom runs Broadband and Mobile Network in more than 50 countries through its subsidiaries, such as T-Mobile; It has a market cap of about $ 178 billion and, According to On its company profile page, there are 252 million mobile customers worldwide.
Deutsche Telekom MMS was established in 1995 as a full -fledged subsidiary of the Deutsche Telekom parent company to develop TV software; It has since expanded to include a wider range of IT services and technology.
Related: Deutsche Telekom joins the subsquid decentralized network
By Deutsche Telekom MMS, the giant telecom continues to increase its existence in the crypto space, becoming a Validator for Polygon in June 2023 and a validator for Even Validator and June 2021.
The subsidiary also has The operation of a bitcoin node since 2023 and moved to Bitcoin (Btc) Mining in November, using Excessive energy from renewable resources That would otherwise remain unused.
Other major companies have become validators, with Google Clouds being Cronos Blockchain Central Validator In November, joined a pool of 32 others in the Cronos Ethereum Virtual Machine (EVM) Protocol.
Magazine: Launching Megaeth can save Ethereum … But at what cost?
