October 20, 2023. Telekom MMS joins the MultiversX network as a validator. It checks transactions, creates blocks and protects the network from attacks. In this way, the Telekom subsidiary enables fast, secure and cost-effective Web3 applications.
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MultiversX has created a highly scalable, efficient and secure blockchain architecture that supports sophisticated enterprise, DeFi, Web3 and Metaverse applications. With nearly 350 million transactions and over two million accounts, the company is driving the use of the Metaverse. MultiversX offers several products for digital experiences: Among them, the powerful xPortal app, which enables businesses to develop, integrate, and send and receive digital financial solutions, cryptocurrencies, and NFTs. AI avatars and a chat feature help better interact and communicate with customers and clients. “Adaptive State Sharding” technology divides the blockchain into segments, also called “shards.” Shards contain only portions of data, which allows for linear scalability. This allows more transactions, the workload is better distributed and the network is not overloaded.
As a validator, the Telekom MMS plays an important role. It ensures that the blockchain network remains secure and trustworthy. The basis for this is the company’s own multi-cloud strategy, high-performance infrastructure, round-the-clock maintenance by experts and a wealth of experience in managed networks.
“The Metaverse needs secure infrastructures, because digital experiences and gaming worlds for the masses require stable networks. I am excited to take the next step in Web3 together with MultiversX and shape this new era,” said Dirk Röder, responsible for the Web3 Infrastructure & Solutions Team at Telekom MMS.
“It is a strong sign for the progress of blockchain when industry veterans pay attention to it and actively participate in it. Today, we continue to drive the potential of Web3 by creating new ways and discovering new experiences with Deutsche Telekom MMS,” said Beniamin Mincu, CEO of MultiversX.
About MultiversX
MultiversX is a highly scalable, secure and decentralized blockchain network that enables radically new applications for users, businesses, society and the new metaverse.
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👉 www.telekom-mms.com
👉 www.multiversx.com
Graphic: Telekom MMS
