Ethereum’s move to Proof-of-Stake (PoS) implies that the blockchain will now rely on collectors for block verification. Therefore the latter will indulge in betting, especially through ether (ETH), to maintain the network instead of miners.
The German telecommunications company Deutsche Telekom has decided to support the blockchain in this task by launching an Ethereum collector. She announced the news in particular through a press release published on 29 September.
Infrastructure provided through T-Systems MMS and StakeWise
Deutsche Telekom’s participation in Ethereum staking will be through its subsidiary T-Systems MMS, which will provide blockchain infrastructure in the form of validation nodes. To achieve this, T-Systems MMS will notably partner with the decentralized PoS application StakeWise.
The latter simplifies ETH staking for both individuals and organizations by allowing them to liquidate their assets at any time. They can also generate ether to generate income in decentralized finance (DeFi) as explained by Dirk Röder, Head of Blockchain Solutions Center at T-Systems MMS.
“Our partner StakeWise collects ether from many different owners and merges them with validating nodes. These validation nodes are provided by T-Systems MMS and operated as infrastructure. The stacked ethers are still available to their owner in this liquid form and can be used in other decentralized finance (DeFi) applications. »
Also read: 45% of ETH Collectors Comply with US Sanctions Now!
StakeWise co-founder Kirill Kutakov is confident that the collaboration with Deutsche Telekom’s subsidiary will help improve the transparency and security of Ethereum. Moreover, he also expects that the migration made by the blockchain will allow him to attract more capital.
“With the move to PoS, we expect strong demand and a significant increase in capital flow into the Ethereum network. We are therefore pleased that T-Systems MMS, as an infrastructure provider, makes our protocol more reliable and makes the entire Ethereum ecosystem more secure. »
