Cryptocurrencies

Ethereum is available on the blockchain managed by Amazon

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Pending its update, Ethereum (ETH) lands on Amazon Web Services. Amazon does not yet accept payments in ETH.


Jeff Bezos leaves, Ethereum arrives

According to Amazon Web Services, its users now have the option of “providing nodes Ethereum”, And to connect to the mainnet of the blockchain, in addition to the testnets Ropsten and Rinkeby via the blockchain managed by Amazon.


The program claims to offer secure access and synchronize to the network ETH thanks to “Standard open-source Ethereum APIs”.

AWS indicated that ”Amazon Managed Blockchain monitors node health, replaces unhealthy nodes, and automates software updates Ethereum, thus improving the availability of the infrastructure Ethereum client”.

He added that “in addition to DeFi applications, customers who develop analytical products such as smart contract tracking tools and fraud detection software can also benefit from this service. Ethereum scalable, highly available and fully managed ”.

AWS launched its 1st blockchain managed by Amazon in April 2019. He said at the time that customers could set up blockchains within their organizations, and use open-source frameworks Ethereum and Hyperledger.

Amazon dives more and more into the cryptocurrency blockchain as Jeff Bezos announced that he will step down as CEO in Q3 2021.

It will be replaced by Andy Jassy, who is currently the CEO of AWS and who oversaw the company’s crypto product offerings. Subscribe for freeJoin our community of Bitcoin and cryptocurrency enthusiastsemail * Validate

A desert giant of payment

The division Digital and Emerging Payments (DEP) from amazon is currently working on a new digital currency project to be launched in Mexico.

Amazon already has its own digital currency, Digital coin, which can be used on in-app articles of theAppstore.

The e-commerce giant is lagging behind in terms of payment methods. It does not allow its customers to pay in PayPal, even less in Bitcoin.

Will Amazon make a significant contribution to blockchain interoperability, by creating different gateways that meet in its AWS offerings? Andy Jassy’s team’s choice of Ethereum benefits ETH adoption, but it could exacerbate network congestion issues while waiting for ETH2 to be released. ETH killers also need a boost to attract more DeFi protocols. They are currently unable to come out of Ethereum’s shadow.

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Fashion is good, but blockchain is the future, we agree, right ?! It’s a great opportunity and an evolving sector! On a daily basis, my job is to try to popularize cryptos / blockchains as well as possible, which appear to be far too technical.

DISCLAIM

The comments and opinions expressed in this article are those of the author alone, and should not be considered as investment advice. Do your own research before making any investment decisions.

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