At the expense of the moribund cryptocurrency market that is giving investors headache, Electroneum (ETN), the mobile based mining cryptocurrency, issued out a ground breaking joker that would light up its adoption in 2019 and beyond.
A video interview between the CTO of Electroneum, Barry Last, and Toby Knight, the manager of Solutions Architecture at Amazon Web Services (AWS), disclosed how Electroneum blockchain technology would be operating on AWS.
In the video, it was aired that the Electroneum cryptocurrency mobile back end has been built on AWS to allow millions of people in the developing countries have easy to the global digital economy with easy transfer of ETN and payment of goods and services via smartphones.
The service, according to the video, is targeted at the 48% of persons above age 25 in developing countries who don’t have bank account, thus giving millions of unbanked people around the world financial freedom with cryptocurrency.
Through the partnership, Electroneum has developed a serverless, instant payments system with the AWSAPI Gateway, AWS Lambda, and Amazon DynamoDB to eliminate the hassle of payment with cryptocurrency as well as confirmation time.
To enhance security, the payment system is designed with a feedback loop between Electroneum web servers and AWS WAF (a web application firewall). This automatically ward-off malicious attacks. The web application also made provision to prevent DDoS attacks with Athena, and a gamified approach.
Electroneum (ETN) – AWS 2019 Boom
Electroneum (ETN) is one of the few altcoins in the crypto space that investors are watching after closely, probably due to its unique mobile mining feature and its recent miraculous stride in the market.
However, adoption is undoubtedly a major determinant for the existence and growth of any cryptocurrency in the blockchain space. While Electroneum is yet to achieve its 350 million smartphone users’ milestone, the latest partnership is seen as an adoption spree for the digital asset.
AWS, a unit of Amazon.com Inc, has 1 million active enterprise customers in 190 countries of the world and 8,000 partner network members. On Thursday, AWS disclosed that it has opened a Latin America infrastructure location in Colombia where 2,000 students will be trained on cloud technology.
With AWS, Electroneum is sure of getting mass adoption from far and wide, thus boosting the price of the action massively in 2019 and beyond.