Amazon Awarded Bitcoin-Related Cloud Computing Patent
E-commerce giant Amazon has been awarded a bitcoin-related cloud computing patent that envisions the use of digital currencies as payment for cloud computing services on Amazon Web Services (AWS). Amazon's cloud is by far the biggest remote computing service on the market. Market research firm Gartner estimates AWS annual revenue at upwards of $3bn, and it believes Amazon's cloud has five times the capacity of its next 14 rivals. The news follow's Amazon's public statements that suggest is not presently interested in accepting digital currencies, despite such suggestions from rivals like....
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The San Francisco-based Bitcoin services Company, Coinbase has filed applications with the US Patent and Trademark Office (USPTO). The company has filled for nine Bitcoin-related applications with the US Patent and Trademark Office. Coinbase is filing for patents for the following applications: Hot wallet for holding Bitcoin. User Private Key Control. Bitcoin Private Key Splitting for Cold Storage. Instant Exchange. Personal Vault. Send Bitcoin to Email Address. Bitcoin Exchange. Tip Button. Off-Blockchain Transactions in combination with On-Blockchain transactions. And it seems that....
Editor’s note: This article has been updated to fix a typo. The original text stated that there was a rise in errors for Amazon S2 requests. The corrected text states that it was Amazon S3. This morning, Amazon Web Services (AWS) underwent a major cloud outage, causing both its Elastic Compute Cloud and Simple Storage Service solutions to receive many request errors in the United States. AWS is a cloud computing solutions provider ran by Amazon, a company most known for its large online retail network.
The Internet has fostered the development of machines that can collect sensor-generated data and sell it in return for passive bitcoin payments, 21 Inc stated on Medium. There are presently two paradigms by which this process works: grid computing and cloud computing. The grid refers to a group of heterogeneous machines in offices and homes that different economic actors manage. The cloud refers to the homogenous servers in data centers that single entities like Google or Amazon manage. Since the launch of Amazon Web Services, the cloud has been the better-known of the two paradigms (cloud....
Some criminals are downright stupid. Yet others find clever and interesting ways to get what they want. Case in point: developer Luke Chadwick received an email from Amazon Cloud services noting that his Amazn Key (an authentication token) was found floating around Github - and that's when he logged into his account and viewed his usage. Lo and behold, Chadwick was presented with some, shall we say, shock-inducing statistics. Someone had broken into Chadwick's cloud computing account and used a whopping 1,427 instance hours on the EC2 platform. Doing what, exactly? While Chadwick had hoped....
Coinbase officials have suggested that they need to become the "Amazon Web Services of cryptocurrencies" as soon as possible. With Amazon Web Services (AWS) being one of the most popular cloud service providers on the planet, it's no surprise that Coinbase, a cryptocurrency exchange based in the United States, is attempting to capitalize on its success by developing its own cloud infrastructure solution, Coinbase Cloud."We want to be the AWS of crypto," said Coinbase chief product officer Surojit Chatterjee in an exclusive interview with Forbes. "We are building this whole Coinbase Cloud....