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Avalanche takes off on news of its partnership with Amazon

13 Jan, 2023
Avalanche takes off on news of its partnership with Amazon

Avalanche was the first layer 1 blockchain to sign a partnership agreement with Amazon. As part of Amazon Web Services' (AWS) product development, the companies will put forward scalable blockchain solutions for end users, businesses and governments. In just two days, the coin saw its value increase by 24%.

Image source: StormGain cryptocurrency exchange

Like Solana and now Ethereum, Avalanche is based on a Proof-of-Stake algorithm, although it's beating competitors thanks to its full package of technical features. For example, Ethereum is extremely slow, reaching a maximum of just 20 transactions per second. Solana has good speed but experiences regular network outages.

Avalanche is stable and highly efficient. At less than 2 seconds, the time it takes to complete transactions is among the highest. By comparison, it takes Ethereum 6 minutes to complete a transaction.

Avalanche achieves excellent results by breaking the blockchain into subnets with separate functions. As such, C-chain is responsible for smart contracts operating, and P-chain coordinates validators.

Image source: avax.network

The partnership with Amazon will make it easier for developers to run and manage decentralised applications on Avalanche. AWS customers will also be able to deploy custom subnetworks. Node operators will be able to work on AWS GovCloud, which provides a cloud service for government agencies with the highest security and privacy. 

Ava Labs CEO Emin Gün Sirer emphasised that Avalanche is AWS's first blockchain partner. Other networks have previously announced partnerships, but they were actually just Amazon customers.

Image source: twitter.com/el33th4xor

Amazon isn't Avalanche's first big partner. Just last month, a similar agreement was reached with Alibaba Cloud, the largest provider of cloud services in the Asia-Pacific region.


StormGain Analytics Team 
(a cryptocurrency trading, exchange and storage platform)

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