Deutsche Telekom joins Subsquid decentralized network

Josh O"Sullivan1 hour agoDeutsche Telekom joins Subsquid decentralized networkDeutsche Telekom’s latest partnership with Subsquid follows its recent announcement to expand into Bitcoin mining at BTC Prague.542 Total views43 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksT-Mobile Deutsche Telekom MMS has partnered with Subsquid, a decentralized data platform, to run dedicated worker nodes as part of Subsquid’s decentralized “data lake.”

According to a press release shared with Cointelegraph, the collaboration aims to improve the security and efficiency of blockchain data retrieval and delivery.

Worker nodes in the Subsquid network process data queries and retrieve the requested information from the data lake for data consumers.

In a written Q&A with Cointelegraph, Alexander Ebeling, co-founder of Web3 Unit Deutsche Telekom MMS, said:“For Deutsche Telekom, this collaboration aligns with our strategic vision of embracing decentralization and supporting the development of new, decentralized business models.”

Related:Deutsche Telekom announces Bitcoin mining plans at BTC PragueCollaboration and data handling

Marcel Fohrmann, co-founder of Subsquid, told Cointelegraph that this partnership would help “strengthen and secure permissionless data access” across Web3. 

The collaboration follows Deutsche Telekom’s recent decision to become a validator for the Ethereum layer-2 scaling platform Polygon, becoming one of the network’s 100 staking and validation providers.

Dmitry Zhelezov, co-founder of Subsquid, discussed data handling, explaining that each piece of data is “cryptographically validated” to ensure “all the relevant data is authentic.”“Once [data] has been added to the Subsquid Network, every piece of data is replicated across dozens of nodes across the network, so even if a node goes offline all the data remains available for consumers.”

Related:Germany’s Deutsche Telekom plugs in as Polygon validatorSecurity challenges

When discussing data security, Ebeling explained that “security remains a paramount concern, as enterprise-scale systems are prime targets for cyber threats.”“[...] we implement rigorous security audits aligned with high internal Telekom standards and maintain an on-call duty team available 24/7 to guarantee the uptime of our blockchain infrastructure.”

Speaking for Subsquid, Zhelezov listed several challenges, including ensuring efficient data partitioning and implementing enterprise-grade security measures in a decentralized space.

Related:Do users really care about decentralization? Industry figures clashDeutsche Telekom Bitcoin mining plans

Dirk Röder, head of Web3 infrastructure and solutions at Deutsche Telekom, recently stated at the BTC Prague event that the firmhad been runninga Bitcoin (BTC) node since 2023.“I like to let you in on a little secret we will engage in digital monetary photosynthesis soon.”

When former Cointelegraph contributor Joseph Hall asked if Röder would elaborate on “digital monetary photosynthesis” and if the firm would be mining Bitcoin, Röder said, “we will.”

Magazine:Bitcoin $500K prediction, spot Ether ETF ‘staking issue’— Thomas Fahrer, X Hall of Flame# Bitcoin# Blockchain# Mining# Decentralization# Partnership# Bitcoin Mining# Nodes# Data# DeFiAdd reaction