A16z taps Deutsche Telekom subsidiary as Celo validator

The United States-based venture capital fund Andreessen Horowitz (a16z) has picked T-Systems MMS validator group, a subsidiary of Deutsche Telekom, to delegate its native Celo (CELO) assets.

According to a notice on Deutsche Telekom’s website on Tuesday, T-Systems MMS is running the validator nodes via the company’s Open Telekom Cloud which reportedly delivers robust security capabilities.

As previously reported by Cointelegraph, Deutsche Telekom invested in Celo back in April, becoming the first telecom firm to join the Celo Alliance for Prosperity. At the time, the company also purchased a significant amount of the mobile decentralized finance platform’s native token — CELO.

T-Systems MMS is staking its parent company’s CELO tokens as well as other Celo-based assets held by a16z.

A16z has been a supporter of Celo and has regularly participated in capital raises for the open-source blockchain payments project. Back in April 2019, a16z joined Polychain Capital and other investors in a $30 million funding round for Celo.

Commenting on its choice to delegate its Celo assets to Deutsche Telekom subsidiary, a16z general partner Katie Huan said:

“Electing a diverse set of globally distributed validators is critical to maintaining a blockchain network that is secure and technically robust. We partnered with Deutsche Telekom because their incentives align with Celo’s vision of building a global payment platform that can be used by anyone with just a mobile phone.”

Related: Deutsche Telekom invests in mobile DeFi platform Celo

Apart from Celo, T-Systems MMS is a node operator on Chainlink (LINK) with the company also providing support infrastructure for Flow, another blockchain project. Andreas Dittrich, the company’s blockchain head, describes public blockchains as “the future of value-based collaboration.”

CELO, like the rest of the crypto market, is currently experiencing a significant downturn since setting a new all-time high of almost $7 back in April. As with other altcoins, CELO’s price decline has seen the token lose close to 74% from its April high.

A16z taps Deutsche Telekom subsidiary as Celo validator

Source

Related Articles

Unsecured Cloud Configurations Exposing Information in Thousands of Mobile Apps

Abstract When approaching the development of a mobile application, one of the key design decisions revolves around the server side aspect of the application. Specifically, storage of information relevant to the app’s usage, as well as the backend API’s allowing the app to query the server for information in real time (as opposed to static … Read More

The post Unsecured Cloud Configurations Exposing Information in Thousands of Mobile Apps appeared first on Zimperium Mobile Security Blog.

Best of Both Worlds: Integrating Zimperium Mobile Threat Data into Microsoft Sentinel Cloud-Native SIEM

While leading organizations are actively protecting mobile endpoints, security teams haven’t had clean and scalable ways to integrate and correlate threat data with other parts of the security infrastructure. But that is changing. I recently hosted a webinar with David Branscome, Senior Cloud Solutions Architect, Microsoft and our very own Kern Smith, Vice President of … Read More

The post Best of Both Worlds: Integrating Zimperium Mobile Threat Data into Microsoft Sentinel Cloud-Native SIEM appeared first on Zimperium Mobile Security Blog.

$100,000 in Cash or LINK Tokens will be Provided for Responsible Disclosure of Critical Vulnerabilities in Chainlink Codebase

Decentralized Oracle network developer Chainlink (LINK) has expanded its software bug bounty program. Chainlink notes that in order to ensure their decentralized Oracle Network continues to offer smart contracts access to a secure and reliable external data source, they are pleased to confirm that the… Read More

The post $100,000 in Cash or LINK Tokens will be Provided for Responsible Disclosure of Critical Vulnerabilities in Chainlink Codebase appeared first on Crowdfund Insider.