T-Mobile Parent Lends Support to Ethereum
D
eutsche Telekom, the parent company of T-Mobile is supporting Ethereum’s transition from proof-of-work to proof-of stake by running validator nodes through its subsidiary T-Systems MMS, as stated in a new press release.
T-Systems MMS is partnering with StakeWise to provide staking pools for ETH holders who want to retain their tokens without having to operate validator nodes.
T-Systems MMS provides and operates these validator nodes as infrastructure. The owner's staked Ether tokens remain accessible – liquid – and can be used in other decentralized finance (DeFi) applications.
T-Systems MMS will also contribute to the StakeWise decentralized autonomous organization (DAO). Dirk Röder, head of blockchain solutions center at T-Systems MMS, explains that integrating Ethereum into the T-Systems platform makes it the fourth crypto asset supported by the firm.
Jonathan
An editor at CoincropJonathan is a Coincrop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely sailing.
Related Articles
CoinLoan combine the best of traditional and novel finance helping you borrow, swap and grow your assets.
Compare over 47,145 CeFi and DeFi products across more than 224 organizations here
Related Links