Amazon’s managed blockchain finally adds support for Ethereum
Amazon Web Services (AWS), a metered pay-as-you-go cloud computing platform and a subsidiary of the technology company Amazon, recently announced that Ethereum is now available on its managed blockchain.
The idea of integrating Ethereum on Amazon’s managed blockchain was initially hinted at in 2018.
AWS announced last December that “Amazon managed blockchain now supports Ethereum in preview.”
Ethereum on Amazon’s managed blockchain
Users of AWS can now set up Ethereum nodes and become part of the Ethereum network on the Amazon Managed Blockchain.“With this launch, AWS customers can easily provision Ethereum nodes in minutes and connect to the public Ethereum main network and test networks such as Rinkeby and Ropsten,” AWS announced.
“With Amazon Managed Blockchain, customers get secure networking, encryption at rest and transport, secure access to the network via standard open-source Ethereum APIs, fast and reliable syncs to the Ethereum blockchain, and durable elastic storage for ledger data.”
Amazon began providing blockchain services in 2019, giving its customers access to blockchain networks, nodes, decentralized applications (Dapps), and smart contracts.
Apart from the latest addition, Managed Blockchain offers support for Hyperledger, a permissioned blockchain created by a consortium of organizations.
AWS customers in the Eastern U.S., Europe, and Asia can access Ethereum on Amazon Managed Blockchain.
Ethereum’s integration into Amazon’s managed blockchain is bullish for the protocol.
A bullish signal for Ethereum
This is yet another vote of confidence in Ethereum, the smart contract platform widely used in decentralized finance (DeFi).While the protocol has faced challenges due to congestion on its network, it is currently in transition to a Proof-of-Stake (PoS) consensus algorithm to increase network speed and security.
There are currently more than 8,300 nodes on the Ethereum networks, according to Etherscan.
Ethereum’s integration on AWS will likely add more nodes to the network and bring more players to the ecosystem.
“It’s an incredible signal for the value of Ethereum in modern applications to have a big player like AWS get serious about tooling,” said Mike Godsey, Head of Product at Infura.
Ethereum’s native currency, Ether, is currently trading at $1,592, less than 1% up in the last 24 hours.
The announcement comes a month after Amazon announced future changes in leaders in the management structure.
Management changes
Amazon founder Jeff Bezos announced last month that he will be stepping down in Q3 as CEO of the company he started in his garage many years ago.Andy Jessy, the current CEO of AWS will replace Bezos. Jessy oversaw Amazon’s crypto product offerings.
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