• 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

Binance Sees Massive Inflow of XRP Amid Market Dynamics

chest

Binance absorbed a massive inflow of over 31 million XRP in a single day, raising questions about potential short-term supply dynamics.

user avatarSatoshi Nakamura

Crypto Market Experiences Sharp Decline Amid Geopolitical and Economic Concerns

chest

The cryptocurrency market faced a significant downturn, with Bitcoin dropping below $65,000 as traders reacted to US trade policy changes and geopolitical tensions.

user avatarJesper Sørensen

Dogecoin Hits 1,100 Days at a Profit, Signaling Potential Market Shift

chest

Dogecoin has surpassed 1,100 days at a profit, indicating a potential market shift.

user avatarRajesh Kumar

Bitcoin Open Interest Plummets Amid Market Turmoil

chest

Bitcoin's Open Interest has dropped significantly following recent market volatility, reflecting a mix of liquidations and reduced risk appetite among investors.

user avatarLucas Weissmann

Bitcoin Market Faces Heavy Liquidations Amid Panic Selling

chest

Recent market volatility has led to significant liquidations of Bitcoin positions, with traders experiencing heavy losses.

user avatarFilippo Romano

Clarity Act Progress and Ripple's Strategic Positioning

chest

The proposed Clarity Act aims to provide clearer legal classifications for digital assets, which could benefit Ripple's ecosystem.

user avatarEmily Carter

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.