Tech-giant Amazon just announced the general availability of the second largest cryptocurrency Ethereum on its own managed blockchain.
According to Amazon Web Services, also referred to as AWS, users are now allowed to “provision Ethereum nodes” and connect to the blockchain’s mainnet in addition to the Ropsten and Rinkeby testnets through the Amazon Managed Blockchain. This program claims to offer secure & safe access to the network with “standard open-source Ethereum APIs” and sync to the Ethereum blockchain.
“Amazon Managed Blockchain monitors node health, replaces unhealthy nodes, and automates Ethereum software upgrades, improving the availability of customers’ Ethereum infrastructure,” says the firm. “In addition to DeFi applications, customers building analytical products such as smart contract monitoring tools and fraud detection software can also benefit from this scalable, highly available, and fully managed Ethereum service.”
AWS first launched its Amazon Managed Blockchain in April month of 2019, saying at the time users would be able to set up blockchain networks within their organizations and use the Ethereum and Hyperledger open-source frameworks. The service claimed it is going to eliminate the lengthy processes of "to provision hardware, install software, create and manage certificates for access control, and configure network settings."
The move comes straight after one month of the announcement from Jeff Bezos that he would be stepping down as Amazon CEO in the third quarter of 2021. He will be replaced by Andy Jassy, who is currently the CEO of AWS and oversaw the company’s blockchain and crypto product offerings.