Deutsche Telekom will become a validator for the Ethereum blockchain following its switch to an eco-friendly consensus.
A recent event called “The Merge” switched Ethereum away from Proof of Work – an energy-intensive consensus requiring powerful computers to solve complex equations – to the environmentally-friendly Proof of Stake. In doing so, Ethereum has reduced its energy consumption by around 99.98 percent.
Ethereum is the largest smart contract platform and it’s expected that its switch to an environmentally-friendly consensus will increase interest from individuals, enterprises, and institutions that previously did not want to be associated with a technology which consumes vast amounts of energy.
On Thursday, Deutsche Telekom announced that it’s expanding its activities in the field of blockchain by supporting Ethereum. The operator’s subsidiary, T-Systems MMS, will provide the Ethereum Network with infrastructure in the form of validation nodes.
“Our cooperation partner...
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