Home >News >Business >Moving to Web3 with AWS and BSV Blockchain
Migrating from Web2 to Web3 is a top priority for companies that want to stay ahead of their competitors, but the question is how to do it. There are many factors to consider, especially what technology to use for piping, so you have the ability to scale into the future.
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To help companies make this transition easier, the BSV Association has partnered with Amazon Web Services (AWS) (NASDAQ: AMZN) to test Web3-enabled technologies and offer one-click Web3 solutions via the AWS Marketplace. Masu.
“We are all excited to partner with AWS as it is an important strategic partner for us. We have a go-to-market strategy with the BSV blockchain,” said BSV Association Market Introduction Alexander Gora, the person in charge, told CoinGeek.
“The first step in this partnership was to establish all the key components of the network, such as the SPV wallet and overlay services. These standalone elements can be deployed to market with one click for developers.” he said.
While embedding solutions within the AWS Marketplace makes it easy for developers to take advantage of blockchain technology, using a highly scalable blockchain such as BSV to power the peer-to-peer economy within Web3 It is essential to do so.
“We have a scalable blockchain,” Darren Kerenschweiler, BSV Association’s Usage Technology Team Leader, said of BSV.
“This is important because there are so many applications that can use blockchain, but when you try to build them on top of other blockchains you always run into scaling limitations,” he said.
“If we could remove that limitation, we could create a micropayments economy that is predicated on the fact that you can do a simple task for a small fee, but you have to do it a million times a second to actually make money. It will be possible to build and earn decent returns in the long run,” Kerenschweiler added.
The BSV blockchain has the unique ability to scale massively with its fixed protocol and “Teranode” upgrades tested in the AWS cloud. To educate businesses about BSV’s scalability capabilities, the BSV Association set up a booth at the AWS Zurich Summit on September 4, with speaking slots and several representatives roaming the floor.
Siggi Oskarsson, Director of Teranode at the BSV Association, presented at the event and his main message was the importance of a scalable digital backbone as you move to Web3 and how Teranode fits in.
“Teranode is a new implementation of the Bitcoin Node software, and we’re looking to scale it out, so we can take the original Node implementation and split it into microservices so that we can actually scale out every component independently. “I try to do that,” he said. CoinGeek after the presentation.
“And as we’ve said many times before, we’ve managed to execute one million transactions per second,” he added.
AWS has played a key role in the development of Teranode, and Gora explained in detail why.
“We realized how important it is to forge strategic partnerships with established companies like AWS. Infrastructure cloud providers are critical to the global adoption of any technology. “We will do our part,” he said.
In addition to providing an ideal testing environment for the Teranode team, AWS also hosts the BSV blockchain overlay service, which can be considered a layer between Teranode and end users.
“For the SPV wallet overlay service, it can be deployed on AWS with one click and is compliant with all requirements provided by AWS for distribution within the AWS Marketplace, known as FTR requirements,” said Director of Utilization, BSV Association. explained Thomas Giacomo.
“So, various application builders who want to leverage the BSV blockchain can take our open source component (SPV wallet overlay service) and deploy it to AWS services with one click,” he said. Ta.
So what is SPV? End users will communicate peer-to-peer through SPV or “Simple Payment Verification.” The SPV wallet facilitates all the micropayments flying around in the Web3 world, and many of these micropayments are needed to generate significant revenue.
“SPV allows you to scale your blockchain network so that you only need to interact with the SPV rather than relying on everyone running a node,” said Conor Murray, Director of Stewardship at the BSV Association. told CoinGeek.
“Excellent scalability enables us to perform millions of transactions per second at low cost, enabling our vision of moving from Web2 to Web3 for a more peer-to-peer world. ” he said.
See: Web3 is a natural progression of technology
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