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Blockchain, what Amazon will do with Avalanche

1 year ago babelfish

Blockchain, what Amazon will do with Avalanche

Amazon Web Services, the world's leading cloud computing provider, has partnered with Ava Labs, the team behind the blockchain of Avalanche, a major Ethereum rival

Amazon aims to do business with the blockchain.

Amazon Web Services (Aws), the cloud division of the Seattle-based e-commerce giant, last week partnered with Ava Labs, the company that develops the layer 1 blockchain Avalanche, one of the main rivals of Ethereum (the blockchain on which Ether is based, the second largest cryptocurrency by market capitalization after Bitcoin).

The goal is to help scale blockchain adoption across businesses, institutions and governments, the two companies exclusively told TechCrunch .

The partnership intends to make it easier for people to launch and manage nodes on Avalanche, while also aiming to give the network more strength and flexibility for developers.

“Looking forward, web3 and blockchain are inevitable,” Howard Wright, vice president and global head of startups at AWS, told TechCrunch . “No one can establish the time, date or quarter when it will happen and it will be mainstream, but we have seen the growth cycles before. The speed of this seems to be accelerating and we are just thrilled to be a part of it."

Unsurprisingly, cryptocurrency investors loved the announcement, with Avalanche's AVAX token gaining 25% on Jan. 11, reports Finimize .

All the details.

WHAT AWS WILL DO FOR AVALANCHE

Specifically, AWS will support Avalanche's infrastructure and decentralized application (dApp) ecosystem, along with one-click node deployments, through its marketplace. The affiliation will also include Ava Labs joining AWS Activate, a program that helps startups and early-stage entrepreneurs get started on its platform.

“That means many things to us,” John Wu, president of Ava Labs, told TechCrunch . “We have over 500 applications on the chain and would love to give them a better experience and now we have a real partnership that we can target the Activate program. Also, our users are always looking for a better experience. The one-click knot is an amazing way to do this.

THE AWS CLOUD AVAILABLE TO SOME BLOCKCHAIN ​​NETWORKS

A number of blockchains already use AWS to power their networks – around 25% of all Ethereum workloads in the world run on AWS, according to its website.

Ava Labs plans to add its subnet deployment as a managed service to the AWS marketplace, so that both individuals and institutions can easily launch their own custom subnets. The subnets are part of Avalanche's scaling solution that diverts traffic from the main blockchain and allows projects to stake its native token, AVAX, while creating their own layer 1 or layer 2 blockchains.

“This is the beginning of something much, much bigger,” Wu said, adding that the subnets will allow developers “to build their own blockchain, a full blockchain, on Amazon very easily.”

AVA LABS MEMBER OF APN AS NETFLIX, UBER AND AIRBNB

In addition, Ava Labs has also become a member of the AWS Partner Network (APN), giving the company access to distribution offerings on AWS with more than 100,000 partners in more than 150 countries, Wright said. “[APN] with Ava Labs and Avalanche is the fuel for blockchain and cryptocurrencies that will democratize access for all corners of the world.”

“Over 200,000 startups have walked through our doors, so we know what excellence is. Netflix, Uber and Airbnb are part of it: they have redefined verticals and we have the audacity to think that others [like them] are out there, including Ava” underlined the AWS manager.

THE CONSEQUENCES

As for Amazon, AWS generates about 16% of the company's total revenue, according to its latest quarterly earnings report. And by making it easier to build dapps (i.e. apps or programs that run on a peer-to-peer (P2P) network or blockchain) on the Avalanche network, it too could grow its user base, earning more money. by the ever-increasing adoption of blockchain technology.

Additionally, the AVAX token is used to pay transaction fees on the Avalanche network. So, according to Finimize , as more dapps are built on top of it, the demand for AVAX should increase.

This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia-on-demand/blockchain-che-cosa-fara-amazon-con-avalanche/ on Tue, 17 Jan 2023 06:16:15 +0000.