• 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

Institutional Adoption Could Propel XRP Price to $8

chest

Institutional adoption is seen as a key factor that could drive XRP's price to $8, especially after the SEC lawsuit settlement.

user avatarAisha Farooq

Settlement of SEC vs Ripple Lawsuit Boosts XRP Investor Sentiment

chest

The settlement of the SEC lawsuit against Ripple in 2025 has led to increased investor confidence and a rise in XRP's price.

user avatarTenzin Dorje

Trump Media Technology Group Reports Significant Financial Losses

chest

Trump Media Technology Group reports a net loss of over $700 million due to volatility in digital assets.

user avatarBayarjavkhlan Ganbaatar

Trump Media Technology Group Plans Potential Spinoff of Truth Social

chest

Trump Media Technology Group is considering spinning off its social media platform, Truth Social, into a separate publicly traded company due to significant financial losses.

user avatarMohamed Farouk

Ethereum Spot ETFs Break Negative Streak with Positive Inflows

chest

Ethereum Spot ETFs have recorded their first positive inflows in six weeks, totaling 804.6 million, ending a five-week negative streak.

user avatarElias Mukuru

Bitcoin Shows Signs of Short-Term Rebound Amid Ongoing Market Analysis

chest

Bitcoin shows signs of short-term rebound with increased buying momentum and liquid supply on Binance.

user avatarDiego Alvarez

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.