• 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

a year 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

Kyrgyzstan Successfully Launches First Dollar-Denominated Bond

chest

Kyrgyzstan successfully raised $700 million through its debut eurobond sale, marking a significant milestone in its efforts to attract foreign investment.

user avatarAndrew Smith

Kyrgyzstan Plans Further Steps in Global Capital Markets

chest

Kyrgyzstan is preparing for additional sovereign bond offerings and a gold-backed stablecoin initiative to modernize its financial system.

user avatarDavid Robinson

Market Dynamics Favor Early-Stage Opportunities

chest

The current market environment is shifting focus from established assets to early-stage opportunities like Apeing.

user avatarJacob Williams

Key Factors Influencing Cardano's ADA Price by 2026

chest

An overview of the critical factors that could affect ADA's price, including network adoption, DeFi growth, and regulatory developments.

user avatarZainab Kamara

MoonPay Expands and Welcomes New Chief Legal Officer

chest

MoonPay announces the appointment of Caroline Pham as its chief legal officer to support its growth in the cryptocurrency market.

user avatarSon Min-ho

Ethereum Market Cap Rises Amidst Prediction Market Discussions

chest

Ethereum (ETH) shows a market cap of $35.263 billion with a 3.21% rise in 24 hours, amidst discussions on prediction markets and potential regulatory impacts.

user avatarAyman Ben Youssef

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.