Josh O"Sullivan10 hours agoDeutsche Telekom announces Bitcoin mining plans at BTC PragueDeutsche Telekom’s plans and Web3 expansion follow its recently established position as a validator on Fetch.ai’s decentralized blockchain.3443 Total views20 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksT-Mobile Deutsche Telekom announced that it intends to start mining Bitcoin (BTC), expanding upon its ongoing crypto-based activities.
The telecommunications firm has been operating a Bitcoin node since 2023 and is currently running Bitcoin Lightning Network nodes.
Speaking at BTC Prague, Dirk Röder, head of Web3 infrastructure and solutions at Deutsche Telekom, said: “Since 2023, we are running a Bitcoin node, and we are running Bitcoin Lightning nodes as well [...] I like to let you in on a little secret we will engage in digital monetary photosynthesis soon.”
Former Cointelegraph contributor Joseph Hall asked Röder if he could elaborate on the meaning of “digital monetary photosynthesis,”“We will.”Source: Daniel Sempere PicoT-Mobile already Web3 native
The firm has been actively involved in Web3 as a Polygon validator since June 2023, establishing its position to leverage its extensive infrastructure and secure new revenue streams.
Related: Germany’s Deutsche Telekom plugs in as Polygon validator
As one of 100 validators, Deutsche Telekom has provided staking and validation services on Polygon for over a year and helped support the platform’s proof-of-stake consensus mechanism.
Related: AI tokens rally amid Nvidia’s breakout earningsFetch.ai validator since February
In February, Fetch.ai, a decentralized artificial intelligence (AI) platform, partnered with Deutsche Telekom to establish enterprise AI.
As a validator on the Fetch.ai blockchain, the telecommunications firm helps to support Fetch.ai’s AI-driven autonomous agents.
These autonomous agents provide services in healthcare, automotive, supply chain management and digital identities by managing resources, conducting transactions and analyzing traffic flows.
Related: Fetch.ai announces GPU rewards for tokenholders after $100M infrastructure investment# Bitcoin# Blockchain# Cryptocurrencies# Mining# Decentralization# Nodes# DeFi# ValidatorAdd reaction