Ethereum

Bitcoin

Subsquid

Security

<a href="https://bitcoinworld.co.in/deutsche-telekom-partnered-with-subsquid-decentralized-network/" title="Deutsche Telekom Partnered With Subsquid Decentralized Network" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">Deutsche Telekom’s latest partnership with Subsquid follows its recent announcement to expand into Bitcoin mining at the BTC Prague conference.</li>
</ul>
T-Mobile Deutsche <a href="https://www.telekom.com/en" rel="noopener noreferrer nofollow">Telekom MMS</a> 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, 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&amp;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.”
<h3 id="span-style-font-weight-400-collaboration-and-data-handling-span">Collaboration And Data Handling</h3>
Marcel Fohrmann, co-founder of Subsquid, told Cointelegraph that this partnership would help “strengthen and secure permissionless data access” across Web3.&nbsp;
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.”
<h3 id="span-style-font-weight-400-security-challenges-span">Security Challenges</h3>
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.
<h3 id="span-style-font-weight-400-deutsche-telekom-bitcoin-mining-plans-span">Deutsche Telekom Bitcoin Mining Plans</h3>
Dirk Röder, head of Web3 infrastructure and solutions at Deutsche Telekom, recently stated at the BTC Prague event that the firm had been running a Bitcoin node since 2023.
“I like to let you in on a little secret we will engage in digital monetary photosynthesis soon.”
When Joseph Hall asked if Röder would elaborate on “digital monetary photosynthesis” and if the firm would be mining Bitcoin, Röder said, “We will.”

Deutsche Telekom Partnered With Subsquid Decentralized Network

Table of Contents

ItsBitcoinWorld

Other articles published on Jul 4, 2024

Ethereum Price Plummets: Potential Recovery Hindered by Bearish Pressure

HBAR Faces Significant Price Movement

3 Projects To Watch for Better Returns

Why Is $OM Rising? Promising New Coins Set For Massive Gains

Soar to New Heights of Wealth: MoonBag Meme Coin Dominates Render and BlastUP as the Top Presale ...

Tether Collaborates with BTguru to Enhance Digital Asset Education in Türkiye

Join our free newsletter for daily crypto updates!