Avalanche surges 25 percent as Amazon partners with Web service
Blockchain developers Ava Labs began a partnership with the cloud computing platform AWS. The goal of the partnership is to help businesses and governments adopt decentralized technology
The Avalanche cryptocurrency (AVAX) gained 25%, from $12.4 to $15.5, after blockchain developers Ava Labs announced a partnership with Amazon Web Services on its blog on the evening of January 11.
Amazon Web Services (AWS) is a cloud-based platform that provides more than 200 data center services (owned by online retailer Amazon).
Launched in September 2020, the Avalanche blockchain provides near-instant transactions. More than 500 applications have been created on this blockchain. They include projects in decentralized finance, blockchain gaming, NFT and business solutions.
The goal of the partnership is described as accelerating the adoption of decentralized technologies by various businesses and government agencies.
The developers emphasize that Avalanche node operators will now be able to work in the AWS GovCloud in compliance with the FedRAMP program, the U.S. standards that all federal agencies in the United States must use to verify the security of cloud services.
Ava Labs has also now become a member of the AWS Partner Network (APN), allowing network customers to deploy offerings on the AWS system connected to more than 100,000 partners in at least 150 countries.
-Coinbase laid off almost a thousand more employees
-Tokocrypto and WazirX token exchange rates soar after news of Binance's plans
-Objections to the sale of FTX assets have been filed with a court in the U.S.
-Ferrari's Formula One team cuts deal with cryptocurrency sponsor
-"Pass the resistance." What will happen to bitcoin in the coming week