Amazon

Amazon Introduces Ethereum on its Managed Blockchain

Leading technological company, Amazon, has announced the availability of Ethereum on its managed blockchain. According to the announcement, users can now “provision Ethereum nodes” and also link up to the mainnet of the blockchain while also having access to testnets like Ropsten and Rinkeby through its managed Blockchain.

The Jeff Bezos led company went on to highlight some of the challenges facing decentralized finance applications (dApps) being built on the Ethereum blockchain. “Specific concerns include data reliability due to out-of-sync nodes, data storage scaling challenges, node crashes due to brittle open-source software, and time-sensitive Ethereum software upgrades,” all of this would be easily taken care of through its managed blockchain as it would ensure “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 also added that it would “monitor node health, replace unhealthy nodes, and automate Ethereum software upgrades, improving the availability of customers’ Ethereum infrastructure.” This would ensure that users would be able to “benefit from this scalable, highly available, and fully managed Ethereum service on Amazon Managed Blockchain.”

Amazon Web Service (AWS) developed its managed blockchain in 2019 with the intention of allowing customers to set up different blockchain networks, it also would provide access to Ethereum and Hyperledger open-source frameworks for these users.

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