Amazon Web Services (AWS) announces the general access to Ethereum in the Amazon Managed Blockchain. Ethereum is a well-known blockchain that operates as an open-source peer-to-peer platform that allows users to make transactions without a central authority. It allows for popular use cases like decentralized finance (DeFi) that is a set of networks of financial apps that are built on blockchain networks. DeFi differs from other financial networks due to its being open and programmable, works with no central administration and allows customers to provide innovative methods of payment as well as lending, investing and trading. When customers create their Ethereum-based apps they are faced with a number of challenges and time-consuming to manage as well as manage the Ethereum infrastructure. Particular pay with ethereum amazon concerns are reliability of data due to nodes that are not in sync, data storage capacity issues, and time-sensitive Ethereum software updates.
With this new launch, AWS customers can easily set up Ethereum nodes within minutes while connecting to both the Ethereum main network, as well as test networks like Rinkeby as well as Ropsten. Through Amazon Managed Blockchain, customers benefit from secure networking with encryption in the point of transport and at rest secure access to the network through the standard Open-Source Ethereum APIs, speedy and reliable data syncs with blockchains on the Ethereum blockchain and long-lasting flexible storage for the ledger’s data. Amazon Managed Blockchain monitors node health, replaces nodes that are unhealthy and automates Ethereum software updates, enhancing the reliability of the clients’ Ethereum infrastructure. In addition to the DeFi applications, developers of analytical software such as smart contract monitoring tools as well as fraud detection software may take advantage of this highly scalable highly accessible, fully-managed Ethereum service that is available through Amazon Managed Blockchain.
Amazon Managed Blockchain is a fully-managed service that lets you join public networks, or create and manage private networks that are scalable by using open-source frameworks that are popular. Amazon Managed Blockchain eliminates the cost of establishing an entire network, or even join one. network. It also automatically adapts to the needs of thousands of applications processing hundreds of thousands of transactions.
Ethereum is available on Amazon Managed Blockchain is available in the following AWS regions: US East (N. Virginia), Asia Pacific (Singapore), Asia Pacific (Tokyo), Asia Pacific (Seoul), Europe (Ireland) as well as Europe (London). For more details on AWS locations and services go to our AWS global table. To find out more on Amazon Managed Blockchain, please visit our page on the product and the documentation.