- Amazon Web Services to work with Ava Labs to bring wider adoption solutions of blockchain technology.
- Ava Labs would create a favorable environment for developers, while AWS is to support Avalanche’s infrastructure.
- Ethereum and smaller blockchains are already using AWS to power their network.
The main selling point for blockchain is its technology and its vast possibility. Counting on this feature, Amazon Web Services, the cloud computing platform, is to work with Ava Labs to bring solutions for wider adoption of the technology by institutions, enterprises, and governments worldwide.
On Wednesday, the two companies announced in a blog post about their partnership. Through this amalgamation, they aim to facilitate a favorable environment for developers to launch and manage Avalanche blockchain nodes, while AWS would be supporting Avalanche’s infrastructure and decentralized applications (dApps).
Ava Labs is also planning to add “subnet” deployment, a network within a network for the AWS Marketplace. This installation or deployment would allow individuals and institutions to launch custom subnets.
Founder CEO of Ava Labs, Emin Gun Sirer, in the blog post said that:
“It has been a huge boon for both individual and enterprise developers to be able to spin up nodes and test networks on the fly with AWS in whatever legal jurisdiction makes the most sense for them.”
Although this is AWS’ first partnership with a blockchain project, many other blockchains, including Ethereum and smaller ones, are already using AWS to power their networks.
AVAX is currently trading at $15.21 with a jump of 21.83%; its stand against Bitcoin remains solid at 0.0008356 BTC with a rise of 16.75%. At the same time, its market cap jumped by 21.84% at $4.3 billion, while its volume remains at $1.1 billion with a massive growth of 421.39% in the last 24 hours. Its market dominance stays strong at 0.54% while it is ranked 17.
The current rate is 89.60%, down from its all-time high of $146.22 achieved on November 21, 2021, and is 445.08%, up from its all-time low of $2.79 hit on December 31, 2020.
The backbone of the crypto industry is the inherent technology that blockchain brings to the table. Lately, the focus has shifted towards price action and deviated from technology resulting in lesser breakthroughs and an almost dormant market.
The price of an asset, be it stocks, forex currency pair, commodity, cryptocurrency, or token, exclusively depends on its utility and the value it creates. If the company you have bought stocks of is doing better or the whole sector is doing better, you will earn a profit. Now apply a similar principle to this, the more exciting the associated projects would be, the more would be the chance of value addition.
The industry has failed miserably in generating anything that could bring cash flow; such partnership could bring in some technologies, some features that, when used in the outer world, would generate cash flow for the project and eventual profit for the investor.
Steve'as Andersonas yra Australijos kripto entuziastas. Jis yra valdymo ir prekybos specialistas daugiau nei 5 metus. Steve'as dirbo prekybininku kriptografija, jam patinka sužinoti apie decentralizaciją, suprasti tikrąjį „blockchain“ potencialą.
Source: https://www.thecoinrepublic.com/2023/01/13/aws-partners-with-avalanche-to-bring-blockchain-technology-to-enterprises-governments-etc/