Chainlink’s winning streak doesn’t seem to end anytime soon, as the leading decentralized data oracle service on-boarded the Deutsche Telekom’s partner T-Systems to act as a Chainlink node operator for secure and reliable data provision on Jul 22. The T-Systems latest decision will pave the way for the company, to act as a supporting component of Decentralized Finance (DeFi) and Web 3.0, by powering nodes, validators, orchestrators, transcoders, witnesses, and block producers.
We’re thrilled to welcome @DeutscheTelekom’s @TSystems_MMS IT Services group to Chainlink. @Tsystemscom’s world-class infrastructure team secures a large amount of enterprise value today & is now on mainnet helping secure Chainlink’s oracle network.— Chainlink – Official Channel (@chainlink) July 22, 2020
The T-Systems will also engage in a form of infrastructure provisioning called “Generalized Mining”, which will allow it to earn incentives in form of digital assets, by providing IT services to the network. They will further support Chainlink operations with their secure infrastructure and plan to support Chainlink’s LINK staking feature, once it goes live.
“Chainlink is the first public blockchain network to which we are currently providing infrastructure and will provide staking services in the future. This brings us a lot closer to our vision of establishing public blockchains as the basis for numerous use-cases” – Dr. Andreas Dittrich, Head of Blockchain Solutions Center of T-Systems Multimedia Solutions
About T-Systems
T-Systems is a German global IT services and consulting company, which is a subsidiary of Deutsche Telekom. Operating in 20 countries, it is one of the largest European IT service companies. The company has its headquarters in Frankfurt, Germany.
About Chainlink
Chainlink is a decentralized data oracles service, which connects smart contracts to off-chain real world events information. The oracles are secure, resistant to manipulation and thus reliable. The main product Chainlink price reference contracts consists of 30 DeFi price feeds, on the Ethereum network, each consisting of 7 to 21 secure, independent Sybil resistant nodes, sourcing data from a high quality aggregator.
It is super easy to buy Ripple. Just take a look at our exchange comparison!
Follow us on Social Media and subscribe to our free crypto newsletter!
@Telegram
@Instagram
@Twitter
@TikTok
@Facebook
Diskutiere mit uns!
This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! :)
Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.
Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future.
You might also like
More from Altcoin
What are the best Monero (XMR) wallets?
Monero is one of the most popular anonymous cryptocurrencies because of its high level of security, privacy, and strong technology. …
Top 5 Performing Cryptocurrencies of the Week -(Week 25)
At the time of writing this, the Bitcoin price is sitting at $34663.26. Here are the top 5 performing cryptocurrencies …
Breaking – After Bitcoin Crash, Cryptocurrencies Price Analysis, Bitcoin, Ethereum, IOTA, EOS, Ripple, Cardano, Chainlink
The whole crypto market is falling strongly. But where could prices go now? When is it safe to buy in …
