In concrete terms, the subsidiary T-Systems MMS will in future provide the technical infrastructure for validating transactions on the network. Since its conversion, the Ethereum blockchain has used the so-called proof-of-stake method which, among other things, consumes significantly less energy than the proof-of-work method used before and which is still relevant with Bitcoin. T-Systems MMS uses validation nodes for this purpose. Additionally, the company supports the liquid staking app StakeWise.
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Telekom relies on sustainable blockchains
This allows Ethereum users to hold Ether currency without running their own validating node. It does this by gathering ether tokens from multiple owners into so-called pools and combining them into a common validator node. During this process, users still retain access to their assets. In this way, one wants to reduce the barrier to entry for ether investments. T-Systems MMS also provides the validation nodes required for StakeWise and is also involved in the operation and alignment of the application.
T-Systems MMS emphasizes that it attaches great importance to sustainable blockchain technology and therefore wants to promote Ethereum in a targeted manner after the switch to the proof-of-stake process. The Telekom subsidiary describes the cooperation with StakeWise as pioneering work and an important step in making the Ethereum network more transparent and secure.
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