General Availability of The Amazon Managed Blockchain Becomes Accessible
By Jamie Green – Crypto Expert
Amazon Web Services (AWS) Inc has announced the recent general availability of their Amazon Managed Blockchain service which will allow the easy creation and on-going management of blockchain networks. Customers can use the software to setup a blockchain network spanning the multiple AWS accounts to execute transactions and maintain the cryptographically verifiable records without a central authority.
The software is said to be able to support thousands of applications and millions of transactions using open-source frameworks from Ethereum and the Hyperledger Fabric. AWS can handle transactions to sell Ethereum via some of the potential applications through integration and support. As usage of a blockchain applications grows and more moving parts are involved, the complexity to scale increases significantly. The AWS service makes managing a blockchain network scalable by making it easy and cost effective for customers.
The Hyperledger Fabric is to be supported at launch with Ethereum becoming available later in the year. This means those looking to develop will not be able to utilise the Ethereum framework to buy or sell Ether through applications at first.
The Amazon Managed Blockchain at AWS will take care of all the provisioning of nodes, setting up the network, managing certificates and security, whilst scaling the network all on behalf of customers. Managing a lot of the blockchain will allow projects to focus on the applications development for the innovation of the technology.
The service has only been described to support the two frameworks yet could be integrated with other networks such as EOS or Tron. This would allow customers to build blockchain applications using the EOS networks framework to potentially buy or sell EOS through integrated applications.
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Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards