Deutsche Telekom MMS Partnership with Subsquid: Enhancing Blockchain Data Access

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

HTX Strengthens Global Compliance and Showcases at TOKEN2049

HTX has made significant strides in global compliance initiatives while participating in TOKEN2049, a major event in the crypto industry held in Singapore.

user avatarDiego Alvarez

SEC Files Charges Against Richard Heart for Fraud

The SEC charged Richard Heart and his entities with conducting unregistered offerings of crypto asset securities.

user avatarMaria Fernandez

HTX Marks 13th Anniversary with Major Celebrations and Trading Events

HTX celebrated its 13th anniversary with major events, including the Anniversary Carnival and Trading Championship 3, highlighting its resilience in the crypto market.

user avatarKenji Takahashi

Richard Heart Arrested in Istanbul on Interpol Charges

Richard Heart, founder of Hex cryptocurrency, was detained in Istanbul under an Interpol Red Notice for aggravated tax fraud.

user avatarGustavo Mendoza

MediaMarkt Saturn Ceases Sales of Ledger Devices Amid Security Concerns

MediaMarkt Saturn has stopped selling Ledger devices due to security concerns following a customer report of a hidden implant.

user avatarRajesh Kumar

Binance Expands into Traditional Finance as Mining Pool Closes

As Binance prepares to shut down its mining pool, the exchange is expanding into traditional finance by providing access to over 7,000 US stocks and ETFs for customers outside the United States.

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.