Amazon Web Services (AWS) announces general availability of Ethereum on Amazon Managed Blockchain. Ethereum is a popular decentralized blockchain framework that establishes a peer-to-peer network allowing participants to transact without a trusted central authority. It enables popular use cases such as decentralized finance (DeFi), a network of financial applications built on top of blockchain networks. DeFi is different from existing financial networks because it is open and programmable, operates without a central authority, and enables customers to offer new methods for payments, investing, lending and trading. As customers build these Ethereum-based applications, they find it complicated and time-consuming to operate and manage their Ethereum infrastructure. Specific concerns include data reliability due to out-of-sync nodes, data storage scaling challenges, node crashes due to brittle open-source software, and time-sensitive Ethereum software upgrades.
Source:: Amazon AWS