Qtum, a Singapore-based blockchain platform, has recently decided to launch its decentralized app development platform on Amazon Web Services. Now, the community of developers and users of AWS will get access to this platform and will, for the first time, be able to use it to develop, create and launch smart contracts without having to go outside of the platform.

This could be an important development for the company because it will now enable people to use several advanced tools present on the Amazon platform like Amazon Machine Image (AMI).

Qtum is a hybrid blockchain platform initially developed by the Qtum Foundation with the objective of being itself a platform for the development of new decentralized apps. It uses both the Bitcoin blockchain and Ethereum Virtual Machine to build app by using the Account Attraction Layer technology.

The company uses the proof of stake consensus model to solve scalability issues on the platform, that was initially designed to work as a toolkit. Now that the platform will be working with the AWS, the potential for it to grow in the market is exponential as the partnership is good for both sides.

At the time of this report, AWS had more than 1 million active users across about 190 countries. These users include even schools, government agencies and nonprofit organizations. Because of this, Qtum’s reach will grow exponentially.

AWS is so big that has the size of its four competitors combined and these competitors are giants like Google, Microsoft, IBM and Salesforce. Other numbers about AWS include that the company use 143 million hours a month of services from 2,500 third-party software services and it has data centers in 12 locations around the world.

The partnership will also let the developers access the blockchain without requiring a lot of effort because they will be able to do via the AWS platform. According to the company, you will be able to run a Qtum node or even use a previously installed Qtum node to launch a server on the mainnet or the testnet of the company.

Users from the platform will also be able to deploy servers without having to spend a large number of the company’s resources in infrastructure, which might be a game changer. Because of this, the Qtum has everything to be very attractive for both small and large business alike.

The Qtum AMI is a Qmix development IDE, this means that the development tools and libraries created for the wallet are compatible with the system. Users will have the option to use both Qtum and Solidity compiler to execute smart contracts and to build decentralized apps.

Since the Amazon Web Services is very active and it has grown a lot since its inception, it has attracted many startup since its launch in 2016. The company has recently also partnered with ConsenSys to launch a new service called Kaleido. It is similar to Qtum but it streamlines the implementation of the blockchain technology, so it is simpler to use.

The main difference, though, is that Qtyn is not only for enterprises like Kaleido, but also for end users and for anyone willing to build something.

According to Miguel Palencia, CEO of the Qtum Foundation, this partnership will provide an easy to use and powerful cloud-based solution for both companies and end users together. Anyone who is willing to develop will benefit from this move. This move reduces costs for blockchain developers and also helps other AWS users to get access to blockchain. It is a win-win situation for both the companies and the users involved.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

148 +