Amazon Web Services Offers Ethereum Support Via Managed Blockchain Services
Amazon Web Services (AWS) has finally provided support for Ethereum nodes on its “managed blockchain” service offering after a two-year wait.
AWS Developers Now Get Ethereum Support Out Of The Box
In the announcement made by the American company, AWS users will now be able to set up Ethereum nodes and easily join the public Ethereum main network on the Amazon Managed Blockchain in minutes.
Customers will also be guaranteed a secure network testing environment, encryption at rest and transport, secure connection to the Ethereum mainnet through standard open-source APIs. Other features for AWS customers to enjoy include fast and reliable syncs to the Ethereum blockchain and durable elastic storage for ledger data.
An Ethereum node is a server attached to the Ethereum network. Their sole responsibility is to enforce a consensus on ledger entries, check new transactions, and protect the Ethereum blockchain from malicious hacks.
These nodes form the backbone of the system and keep the entire network honest. Data from EtherScan shows there are over 8,300 nodes running on the network.
Infura’s head of product Mike Godsey, applauded the new integration by AWS, saying this shows the intrinsic benefit derivable from the smart contract enabled blockchain.
Godsey also said that developers working on the cloud computing platform will now find it easier to build decentralized applications (dapps) on the Ethereum blockchain.
Amazon initially came into the blockchain-services sector in 2019. Users were granted access to blockchain networks, nodes, decentralized applications, and smart contracts. Hyperledger Fabric, a permissioned blockchain network used for enterprise applications, has also found a home on Amazon's Managed Blockchain services.
In a related crypto move, the American e-commerce giant led by entrepreneur Jeff Bezos is looking to integrate digital currencies as part of its payment option. The service said to be based in Mexico will see Amazon shoppers pay for products with cryptocurrencies.
In a company's job posting, Amazon is building a tech team to focus on rolling out a new digital currency service. The project codenamed “Digital and Emerging Payments,” or DEP is meant to make it easier for the company to receive crypto payments.
According to the online application, interested applicants must have a Bachelor's degree in computer science or other equivalent degrees with three years plus in managing the delivery of distributed software systems.
Cryptocurrencies Adoption Rapidly Rising
Cryptocurrencies have become a boon after Tesla’s CEO became a convert. In a month that has seen Bitcoin making some of its most remarkable rallies ever, Tesla had committed 7.7% of its cash reserves to Bitcoin. It also said BTC would play a vital role in their payments system in the future.
Marked acquisitions by intelligence company MicroStrategy and Grayscale offering institutional investors indirect exposure to the volatile assets have seen cryptocurrencies pick up steam in 2020 and beyond. With many global institutions now making repeated inquiries and calling for regulatory goalposts in the rapidly-evolving industry, cryptocurrencies may just be beginning their journey to change the world.