Ethereum Staking Validator Launched by T-Mobile Parent Company

The parent company of wireless network provider T-Mobile, Deutsche Telekom (DT), has declared that T-Systems MMS will provide infrastructure in the form of validator nodes to enable the Ethereum blockchain network.

The German IT behemoth disclosed that T-Systems would also offer liquid Ether (ETH) staking services through a collaboration with ETH staking service provider StakeWise in a press statement.

As a member of the StakeWise decentralized autonomous organization, the DT subsidiary will take part in the governance of the dApp under this cooperation (DAO).

The action, according to DT, aims to strengthen the company's position in the blockchain industry while enhancing the openness of the second-largest blockchain network.

Additionally, the action demonstrates support for the Ethereum network's switch to the proof-of-stake (PoS) consensus algorithm. Other "sustainable blockchain networks" including Flow, Celo, and Polkadot are already maintained by T-Systems MMS.

"We are now taking the next important step in the blockchain world and are performing pioneering work here with Ethereum after cooperating with Flow, Celo, and Polkadot. For Deutsche Telekom, entering liquid staking and working closely with a DAO are fresh experiences as a node operator, according to Dirk Röder, Head of the Blockchain Solutions Center at T-Systems MMS.

T-Systems MMS is not the only area of the blockchain market where DT is gaining ground. In September, T-Mobile and Helium Network agreed to a five-year collaboration that would allow the blockchain-based decentralized wireless service provider to leverage T-infrastructure Mobile's to offer its subscribers a 5G network.

Analysts anticipate greater institutional ETH and Ethereum blockchain use.

StakeWise co-founder Kirill Kutakov stated in a statement that he anticipates substantial demand and money flows in the Ethereum network. He continued by saying that the Ethereum ecosystem is safer because to the relationship with T-Systems.

"We anticipate robust demand and dramatically rising cash flows in the Ethereum network with the switch to Proof-of-Stake. Therefore, we are happy that T-Systems MMS, as an infrastructure provider, is increasing the dependability of our protocol and enhancing the overall security of the Ethereum ecosystem," Kutakov said.

His statement confirms the long-held prediction of analysts in the blockchain sector that the Merge will lead to a fresh round of institutional investment. According to Bloomberg experts, the value proposition of the Ethereum blockchain for institutions is projected to increase as a result of the reduction in energy consumption and the ensuing scalability upgrades.