• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Deutsche Telekom MMS Partnership with Subsquid: Enhancing Blockchain Data Access

user avatar

by Giorgi Kostiuk

2 years ago


Deutsche Telekom MMS Enhances Blockchain Data Access

Deutsche Telekom MMS has launched dedicated worker nodes within Subsquid's decentralized data lake infrastructure to strengthen the network's robustness, joining over 700 other corporate and individual nodes. These worker nodes play a vital role in promptly responding to data requests from various users, including indexers, ensuring smooth access to blockchain data.

Subsquid is a highly scalable decentralized platform customized for Web3 applications, providing developers with seamless access to essential blockchain data. Traditionally, obtaining such data from multiple blockchain networks was challenging due to differences in formats and retrieval methods. Centralized APIs and RPC nodes often incurred high costs and delays, compromising data integrity and security.

In contrast, Subsquid's decentralized data lake operates on a peer-to-peer model, enabling direct and reliable access to raw blockchain data in user-preferred formats. Since its inception on June 3rd, Subsquid has experienced rapid growth with the deployment of over 60,000 indexers during the testnet phase and the setup of more than 700 worker nodes. The network currently stores an impressive 536 TB of data, showcasing its scalability and readiness to support diverse Web3 applications.

Dirk Röder, Head of the Web3 Infrastructure & Solutions Team at Deutsche Telekom MMS, highlighted the strategic importance of their collaboration with Subsquid:

"Our deployment of Subsquid worker nodes enhances the network's resilience and scalability, reinforcing its decentralized data lake technology. This partnership underscores our commitment to advancing Web3 infrastructure."

Marcel Fohrmann, co-founder of Subsquid, emphasized the significance of having Deutsche Telekom MMS operate Subsquid worker nodes:

"The involvement of Deutsche Telekom MMS in running Subsquid worker nodes is crucial in legitimizing and securing permissionless data access in the Web3 ecosystem."

Deutsche Telekom MMS, renowned for its support of digital transformation and provision of robust IT solutions, is furthering its presence in Web3 through initiatives like running validators for major blockchain protocols. The collaboration with Subsquid signifies a deeper integration into the decentralized data landscape, positioning both entities as leaders in blockchain technology evolution.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Aurora Labs CEO Raises Concerns Over Litecoin Attack

chest

Aurora Labs CEO Alex Shevchenko raises concerns that the recent Denial-of-Service attack on the Litecoin network may have been an inside job, citing the attacker's prior knowledge of a zero-day vulnerability.

user avatarDiego Alvarez

Denial-of-Service Attack Disrupts Litecoin Mining Pools

chest

Denial-of-Service attack disrupted major Litecoin mining pools due to a zero-day vulnerability, but the issue has been patched and the network is operational.

user avatarKenji Takahashi

Admiral Paparo Highlights Bitcoin's Role in National Security

chest

Admiral Samuel Paparo highlighted Bitcoin's significance as a strategic asset for US cybersecurity during a Senate hearing, but faced criticism from the Bitcoin community regarding the military's grasp of the technology.

user avatarMaria Fernandez

Analysts Predict Strong Growth for Nvidia Stock by 2026

chest

Analysts predict Nvidia stock could reach between 250 and 380 by 2026, driven by AI demand.

user avatarRajesh Kumar

Nvidia Stock Price Target Consensus Reaches 26880

chest

The consensus price target for Nvidia stock is currently set at 26880, based on the analysis of 47 analysts tracked by TradingView.

user avatarGustavo Mendoza

Pavel Durov Accuses French Officials of Complicity in Crypto Kidnappings

chest

Pavel Durov accuses French officials of complicity in cryptocurrency-related kidnappings, claiming they sell crypto data to kidnappers and criticizing data security measures.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.