After the Ethereum blockchain’s move to Proof of Stake earlier this month, Deutsche Telekom is the latest institution to launch Ethereum staking services. Its T-Systems MMS subsidiary will host validator nodes for the blockchain and also provides a hosting solution to liquid staking solution StakeWise.
While it may sound like Deutsche Telekom is jumping on the bandwagon, it was a first mover. In early 2020 it announced it was getting into staking and already provides staking solutions for Flow, Celo and Polkadot. In the case of Celo, the telecoms firm made a ‘significant’ purchase of the Celo cryptocurrency.
Deutsche Telekom will also be participating in the governance of the StakeWise decentral autonomous organization (DAO).
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