The crypto industry got some big news recently as tech giant Amazon confirmed their managed blockchain service now supports Etherum.

Amazon Managed Blockchain is a fully managed service that makes it easy to join public networks or create and manage scalable private networks using the popular open-source frameworks Hyperledger Fabric and Ethereum.

This support for ETH has been a long time coming as Amazon first announced their intentions back in 2018 and AWS users have been eagerly awaiting ever since.

At the time of writing, there are over 8,000 nodes already on the Etherum network – a node is a client containing an implementation of Ethereum and one which verifies all transactions in each block. Nodes are there to keeping the network secure and the data accurate.

With this new move from Amazon, the nodes present on the Etherum network are likely to increase. Amazon supporting Etherum on its managed blockchain service has effectively lowered the barriers to entry for setting up and running Etherum nodes and as such more crypto enthusiasts are likely to get involved.

It’s an incredible signal for the value of Ethereum in modern applications to have a big player like AWS get serious about tooling.

Infura head of product Mike Godsey.

Another step forward for cryptocurrencies in general and it has perhaps been reflected in the price as well, with Bitcoin sitting at $51,602.80 at the time of writing – 3rd March 2021 6.11 PM.