{"id":99584,"date":"2024-11-13T19:45:58","date_gmt":"2024-11-13T23:45:58","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=99584"},"modified":"2024-11-13T19:47:09","modified_gmt":"2024-11-13T23:47:09","slug":"deutsche-telekom-near-blockchain-validator","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/deutsche-telekom-near-blockchain-validator\/","title":{"rendered":"Deutsche Telekom Becomes NEAR Blockchain Validator"},"content":{"rendered":"\n

Deutsche Telekom, a massive telecom firm based in Germany, is the first to run a validator within the NEAR Protocol<\/a>.\u00a0
<\/p>\n\n\n\n

\"Deutsche
Deutsche Telekom Becomes NEAR Blockchain Validator<\/figcaption><\/figure>\n\n\n\n

In an effort to promote network security and decentralization, Deutsche Telekom AG, the fifth-largest telecom provider globally in terms of revenue, is joining the NEAR ecosystem's Enterprise Node Operators program. <\/p>\n\n\n\n

As part of the institutional orientation of the NEAR ecosystem, Deutsche Telekom stated in a press release on November 11 that it will have a “key role” in the blockchain's functioning as a validator. <\/p>\n\n\n\n

The partnership is “promising and innovative,” according to Oliver Nyderle, head of digital trust & web3 infrastructure<\/a> at Deutsche Telekom, who also noted that the network shares the company's stance “towards greater data sovereignty and user data control for the benefit of the users.” <\/p>\n\n\n\n

According to the German telecom behemoth, the partnership with NEAR broadens its “staking portfolio” to encompass a network in the area of “decentralized AI and scalability.” <\/p>\n\n\n\n

The extent of Deutsche Telekom's participation as the network's validator was not disclosed. The minimum stake<\/a> needed to become a block-producing validator on the NEAR Protocol frequently refers to the “seat price,” determined by the validators' 100th highest proposal.\u00a0<\/p>\n\n\n\n

According to the network documentation, the absolute minimum threshold is set at 67,000 (about $383,000 at the going rate). and it fluctuates dynamically depending on validator participation. The price of NEAR increased 9.5% after the revelation, reaching $5.6. <\/p>\n\n\n\n

The partnership was announced just days after Bankhaus Metzler, Germany's second-oldest bank, and Deutsche Telekom subsidiary MMS began a trial project to investigate the use of excess renewable energy for Bitcoin mining\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> to collect field data that would aid in stabilizing Germany's energy grid.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Deutsche Telekom, a massive telecom firm based in Germany, is the first to run a validator within the NEAR Protocol.\u00a0 In an effort to promote network security and decentralization, Deutsche Telekom AG, the fifth-largest telecom provider globally in terms of revenue, is joining the NEAR ecosystem’s Enterprise Node Operators program. As part of the institutional […]<\/p>\n","protected":false},"author":43,"featured_media":99585,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[19092,714,1578],"class_list":["post-99584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-blockchain-validator","tag-deutsche-telekom","tag-near-protocol"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/croc_1731540585281.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/99584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=99584"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/99584\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/99585"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=99584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=99584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=99584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}