Ethereum now an option on Amazon’s managed blockchain service
March 2, 2021, 4:06PM EST
1 min read
Amazon Web Services (AWS), the cloud computing platform providing subsidiary out of the multinational technology company Amazon, announced today that Ethereum is now available on its Amazon Managed Blockchain service.
AWS users can now set up Ethereum nodes and join the public Ethereum main 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," Amazon said in its blog post. "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 first began providing blockchain-related services back in 2019, which gave customers initial access to blockchain networks, nodes, decentralized applications, and smart contracts. In addition to Ethereum, Managed Blockchain also supports Hyperledger, a permissioned blockchain software developed by a consortium of companies and organizations.
This service was first only available to customers on the East Coast of the United States, but now customers can access Ethereum across the AWS regions in the Eastern U.S., Asia Pacific, and Europe.
Today the always-on demands of online markets have to be matched with the ability to access opportunities instantly and with no limits. Historically correspondent banks would move large sums of money for those needing to transfer funds while creating bottlenecks of unnecessary friction.
Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.