The adoption of AWS has been described by IOST as a move to help grow the Web 3.0 world.
Decentralized blockchain protocol IOST has announced its integration with Amazon Web Services (AWS) as it looks to double down on its growth in the Web 3.0 world. As the protocol unveiled AWS will help power up its ecosystem and help in enhancing its offerings as it relates to its core Web3.0 solutions.
“By collaborating with AWS, IOST aims to integrate AWS Web 3.0 solutions into its ecosystem and enhance its offerings in DeFi, NFT, GameFi, Web 3, and the metaverse,” IOST said in a statement adding that “Leveraging AWS’s global reach, robust network computing power, AI/ML tools, and decentralized IT architecture, IOST will onboard more developer teams worldwide to create a secure and distributed digital economic system.”
IOST is branded as an ultra-fast outfit that has created all of what it requires to be self-sustaining. It has its own nodes created as well as its functional wallets all of which adhere to the Proof-of-Believability consensus mechanism powering it.
As a blockchain protocol, IOST is best suited for applications looking to float online services in the near future. Its high capabilities and scalability makes it ideal for such features. The integration on AWS is an avenue to bolster its resilience with respect to dependable protocol infrastructure.
The cloud services of AWS are renowned in both Web2 and Web3 ecosystems. The biggest service providers in these two ecosystems patronize the firm because of its trusted nature. Since the advent of blockchain technology, Amazon Web Services has made concerted efforts to offer tailored support for Web3 startups with tools that can help drive scalability.
With IOST joining the league of outfits adopting AWS, it shows the cloud service’s efforts to float functional blockchain templates to compete with its peers like IBM is yielding positive dividends.
IOST and AWS: Driving Web3.0’s Growth
The adoption of AWS has been described by IOST as a move to help grow the Web 3.0 world.
“This partnership represents a significant milestone as we collectively work towards realizing the full potential of Web 3.0. With the support of AWS infrastructure and expertise, we are confident in our ability to expand and strengthen the IOST ecosystem,” the announcement reads.
The announcement has stirred the growth in the price of the IOST coin which surged by more than 8% to $0.01208 according to data from CoinMarketCap. The coin’s growth over the past years has shown the protocol needed the right lifting that AWS’s scalability can offer.
The crypto winter took its toll on the protocol pushing the price to a low of $0.006468 over the trailing 52-week period. The AWS partnership has placed the IOST protocol on the front and more ecosystem partners now have renewed expectations for the digital currency.
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
