Jonathan Hobbs

2 months ago4 mins

Amazon Is Doing Business With This Blockchain. Should You?

Amazon Is Doing Business With This Blockchain. Should You?

Jonathan Hobbs

2 months ago4 mins

Amazon Is Doing Business With This Blockchain. Should You?
  • Avalanche and AWS have formed a business partnership: the idea is that AWS customers will be able to create their own Avalanche-based blockchains via AWS services.

  • Avalanche is a layer-one smart-contract blockchain. It’s easy for developers to transfer Ethereum applications onto Avalanche.

  • The AVAX price has already jumped on the news, but its long-term technicals still look good – so long as its support holds.

Avalanche and AWS have formed a business partnership: the idea is that AWS customers will be able to create their own Avalanche-based blockchains via AWS services.

Avalanche is a layer-one smart-contract blockchain. It’s easy for developers to transfer Ethereum applications onto Avalanche.

The AVAX price has already jumped on the news, but its long-term technicals still look good – so long as its support holds.

One of Ethereum’s biggest rivals had good news on Wednesday: Ava Labs, the team behind the Avalanche blockchain, has partnered with Amazon Web Services (AWS), the world’s leading cloud computing provider. As you’d expect, crypto investors liked the announcement, with Avalanche’s AVAX token pumping 25% on the day. But before you YOLO in with the rest of them, let’s take a step back and ponder why it might be positive for Avalanche’s long-term prospects.

Why would Amazon choose Avalanche?

Like Ethereum and other “layer-one” projects, Avalanche is a smart-contract blockchain. That means developers can code programmable rules into it – allowing them to build all kinds of decentralized ap

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