- 19% of nodes utilise Amazon Web Servers
- Infura node operator impacted by decision
- stream lined node operation model
Amazon moves to support block chain tech
In a move that will put Infura business model at risk Amazon Web Services adds Ethereum nodes to its block chain managed service.
The change will enable node operators to easily access Ethereum block chain without the requirement of an expensive archival Ethereum node. Instead Amazon will provide this service to node operators.
Furthermore, Amazon Web Services will also provide access to two Ethereum testnets where developers can trial their projects before launch onto the Ethereum Mainnet.
Ethereum has progressed into the Defi space which accounts for it's success and Amazon Web Services will support defi applications on its platform.
Current hosting statistics
Currently 57% of Ethereum nodes are operated on a cloud sharing network and almost half of the cloud operated nodes are already being hosted on Amazon Web Services independently.
Amazon Web Services is cashing in on it's position and in the process provide a service that enables someone to establish a node and become operational within a few minutes.
This will also provide developers with the freedom and ease of use to plan, develop and implement projects on Ethereum as Amazon Web Services will automate a number of key stages required to establish projects on the block chain.
Opinion
I'm enjoying seeing the changes come out lately as I find that block chain tech is messy. It is most likely a great space for an experienced developer but a gap remains between service users and developers.
Automating alot of the process will support stream lining of onboarding new users, investors and the non tech savy who wish to get involved in block chain tech. These changes will no doubtfully increase the cost of operations but users and developers are rewarded with ease of use and time saving features that remove the complexity of block chain tech.
We're seeing an industry change in real time and address many of it's design flaws which is a wonderful thing.
I'd anticipate with every streamlined process and gap closure the entire market cap of cryptocurrancy will jump.
Here's to a prosperous 2021
Posted Using LeoFinance Beta
It certainly is interesting to see the latest entrants into this industry and how they are entering it. Amazon is not going out and buying Bitcoin (that we know of) like other companies. Yet they are getting into the game in their own way.
How will all of this unfold? It is going to be fun to watch.
Posted Using LeoFinance Beta
Yup, in a Gold Rush the biggest winners are the shovel suppliers.
It's really starting to unfold that way and will be interesting to see what kind of shovels are developed. Tech is forever advancing and changing so the needs rapidly change and very rarely does the shovel remain the same in this industry.
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