Cryptocurrencies News Today

Deutsche Telekom MMS has started running dedicated worker nodes as part of Subsquid’s decentralized data lake, joining over 700 worker nodes run by individuals as well as corporate entities. Worker nodes are an integral part of Subsquid network. They listen to queries and deliver the data requested as fast as possible from the data lake to the data consumer (including indexers). Subsquid is a hyper-scalable and modular decentralized data platform focused on providing developers building Web3 products with the blockchain data access they need. Data lakes offer enterprises and businesses a place to store unformatted raw data. The Deutsche Telekom subsidiary has begun running its infrastructure to contribute to the data lake by running worker nodes, further enhancing the network's resilience and scalability. The nodes have been live since earlier this summer. In a landscape of multiple layer-1 and layer-2 chains fragmenting the overall Web3 audience, developers have to build on more than one chain, leading to a challenge in getting data. While blockchain data is generally publicly available, each chain has a different format and access points for this data. Often, the easiest way to get the data in a format that can be queried has been via centralized APIs or from RPC nodes directly. However, this approach is littered with potential issues, from high costs for multichain data to long retrieval times, corrupted data, and other security issues. Subsquid aims to replace this approach to retrieving historical data with a fully decentralized stack. In its decentralized data lake, worker nodes serve developers' queries. The data is stored in a raw format, enabling businesses and individuals to retrieve it in their preferred formats. During the testnet, well over 60,000 indexers were deployed to the network.The mainnet is quickly gaining traction following its June 3rd launch, with over 700 worker nodes launched, and well above 536 TB of data stored and ready to be served in a peer-to-peer manner. “Subsquid’s network, with its innovative data lake architecture, is a game-changer for web3. It unlocks the true potential of blockchain data, making it readily accessible and usable for developers and users alike. With our enterprise-grade infrastructure setup, we bolster the security and scalability of the network, providing the foundation for Subsquid's powerful decentralized Data Lake technology.” Dirk Röder, Head of the Web3 Infrastructure & Solutions Team at Deutsche Telekom MMS Marcel Fohrmann, co-founder of Subsquid, adds, "Deutsche Telekom running Subsquid worker nodes is a big deal: One of the world's biggest and most trusted infrastructure providers will now be helping to strengthen and secure permissionless data access for use cases across Web3." He continues, "We are reaching a new level of legitimacy and security not just for the network we are building, but for all of blockchain technology. “ Deutsche Telekom MMS has been a leading contributor to Web3 companies, running validators for renowned blockchain protocols, including Polygon, Ethereum, and Polkadot, and is increasing its footprint in Web3 with this partnership. About Deutsche Telekom MMS Deutsche Telekom MMS supports companies in their digital transformation and develops sustainable business models for digital experiences. As a leading digital experience service provider, Deutsche Telekom MMS offers customer-centric end-to-end solutions and brings digital to life. With around 2,400 employees at nine locations and an annual turnover of € 229 million in 2023, the company offers dynamic web and application management and ensures the highest software quality, accessibility, and IT security with an accredited test center. About Subsquid Network Subsquid Network is a hyper-scalable modular data platform that combines a decentralized data lake with a highly efficient query engine to unlock new functionality for dApps, AI agents, analytics, and ZK Proofs/TEE by providing blazing-fast blockchain indexing. By replacing reliance on RPCs for querying chains, Subsquid facilitates retrieval of onchain data at scale, powering seamless user and builder experiences. About Subsquid Labs Subsquid Labs is a blockchain infrastructure startup that created, and contributes to Subsquid Network.

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