Ethereum has been having a rougher time recently, with most of the attention focused on Bitcoin, and not many people discussing the second-largest cryptocurrency by market capitalization. This is changing as several endorsement or favorable comments come out, and more developments in the protocol are announced and released.
Amazon, one of the most powerful companies in the world, has recently launched a blockchain tool through AWS called Amazon Managed Blockchain (AMB). AMB will help users create and manage their blockchains, and they are giving a big nod to Ethereum as being one of the best blockchains to do this on. As they said:
“Ethereum is well suited for highly distributed blockchain networks where transparency of data for all members is important.”
The service was initially announced last year and is now available for production use in a small region of the United States. They describe their service as such:
“You can create your network in minutes. Once created, you can easily manage and maintain your blockchain network. You can manage certificates, invite new members, and scale out peer node capacity in order to process transactions more quickly.”
Although only available on Hyperledger Fabric from the Linux Foundation right now, Ethereum is a planned part of the roll out.
Big Developments for the Protocol
All of this comes around the same time as news that Ethereum is planning to finalize their Proof-of-Stake (PoS) code in the next month or so. With an estimated completion date of June 30th, “Ethereum 2.0” will represent the biggest upgrade to the network to date.
The PoS code is referred to as Casper, and will replace the much more efficient mining methods currently in place. Sharding is the second part that will be added in, which represents a major scalability improvement to the chain.
Vitalik Buterin, the founder of Ethereum, has estimated that these upgrades will…