AMAZON MAY BE CREATING ITS OWN CRYPTO!

[DanielMDA]

Hello, this is my first big news post, so pardon me for not having the best editorial apabilities or English (Im Mexican).

 

What you read in the title, Amazon may be creating it´s own Crypto Currency, through AWS (Amazon Web Services)

 

In Jalisco, Mexico, the biggest Latin America Tech Conference takes place, called Talent Land, which also has the biggest Hackathon in the world. It was earlier this weak (April 2-3)

 

In the Hackathon, teams can tackle one of many issues in the world through technology, and each team wins $50,000 MXN (Pesos), around $2500 USD, and each challenge has a big sponsor, Intel, Nvidia, AWS, Koch, etc. In total there are 18 Challenges, and a prize pool of $900,000 MXN. Nine challenges are for the private sector (i.e. Companies) and the other nine of them for the Public Sector, since the Mexican Government is one of the organizers.

 

Now that I gave some background, lets cut to the chase:

 

The challenge is to create in 12 Hours a Crypto for AWS using their support, resources, your team, and your wits. All of this with Blockchain experts who are going to help you. All of this for $2500 USD (Approx). But the juicy part, when you win, you go to a final, most likely world wide, made by Amazon, which means they very may be preparing to create their own crypto.

 

"The Cryptocurrency of your design will work with the computing power of AWS" Translated from the page.

 

So yeah, Amazon, a big tech giant, may be creating a crypto, this could change the landscape completely, with the introduction of a more solid, well founded Crypto without previous limitations, made by none other than Amazon.

 @LinusTech 

 

Quote

Sources: 

 http://hackathon.talent-network.org/portfolio/criptomoneda-amazon/ 

 http://2018.talent-land.mx/ 

 http://hackathon.talent-network.org/#not-set:all

 

 

[pyrobatt]

20 minutes ago, DanielMDA said:

Hello, this is my first big news post, so pardon me for not having the best editorial apabilities or English (Im Mexican).

 

What you read in the title, Amazon may be creating it´s own Crypto Currency, through AWS (Amazon Web Services)

 

In Jalisco, Mexico, the biggest Latin America Tech Conference takes place, called Talent Land, which also has the biggest Hackathon in the world. It was earlier this weak (April 2-3)

 

Link for the Conference: http://2018.talent-land.mx/ (Page is in Spanish)

 

 

In the Hackathon, teams can tackle one of many issues in the world through technology, and each team wins $50,000 MXN (Pesos), around $2500 USD, and each challenge has a big sponsor, Intel, Nvidia, AWS, Koch, etc. In total there are 18 Challenges, and a prize pool of $900,000 MXN. Nine challenges are for the private sector (i.e. Companies) and the other nine of them for the Public Sector, since the Mexican Government is one of the organizers.

 

Link to the Hackathon Subsection: http://hackathon.talent-network.org/#not-set:all (Page is in Spanish)

 

Now that I gave some background, lets cut to the chase:

 

Link to the AWS Crypto Challenge: http://hackathon.talent-network.org/portfolio/criptomoneda-amazon/ (Page is in Spanish)

 

The challenge is to create in 12 Hours a Crypto for AWS using their support, resources, your team, and your wits. All of this with Blockchain experts who are going to help you. All of this for $2500 USD (Approx). But the juicy part, when you win, you go to a final, most likely world wide, made by Amazon, which means they very may be preparing to create their own crypto.

 

"The Cryptocurrency of your design will work with the computing power of AWS" Translated from the page.

 

So yeah, Amazon, a big tech giant, may be creating a crypto, this could change the landscape completely, with the introduction of a more solid, well founded Crypto without previous limitations, made by none other than Amazon.

 

@LinusTech 

 

 

Makes sense. They have to feed the automated factory droids something. High in fiber and high in bits.

[Shreyas1]

BIT late Amazon?

[DanielMDA]

3 minutes ago, valdyrgramr said:

How does Corey Taylor feel about this?

What does this have to do with Slipknot?

[DanielMDA]

1 minute ago, valdyrgramr said:

It's a meme from Loudwire.

I... Dont get it.

[Egg-Roll]

I remember reading about this a few weeks ago... Not here but threw my google feed, I didn't think it was worthy of posting it

 

The article I read was about a survey where something like 50+% of users would or may use it idk... It's in my phones history.

[orbitalbuzzsaw]

And this is surpising... why, exactly? It's not like Amazon wasn't going to do it eventually - honestly I'm surprised they waited until now

[Crunchy Dragon]

Please edit your post to conform to Tech News posting guidelines or it will be moved out of Tech News:

 

[DanielMDA]

2 minutes ago, Crunchy Dragon said:

Please edit your post to conform to Tech News posting guidelines or it will be moved out of Tech News:

 

I cited sources, direct. And I quoted some of the content of the page, I just translated it. Also, I cited 3 sources.

[Crunchy Dragon]

1 minute ago, DanielMDA said:

I cited sources, direct. And I quoted some of the content of the page, I just translated it. Also, I cited 3 sources.

Your quotes need to be in quote boxes,

Quote

Like this. Makes it easier for users to tell what's quoted, and makes the post look more organized overall.

 

[DanielMDA]

Just now, Crunchy Dragon said:

Your quotes need to be in quote boxes,

 

Sorry, newbie here regarding this.

[Crunchy Dragon]

1 minute ago, DanielMDA said:

Sorry, newbie here regarding this.

No worries or pressure, just have it done within the next...ehh..24 hours.

[Canada EH]

Get in on the ground floor and buy up lots and lots and lots of graphic cards, loads of them!

[DanielMDA]

1 minute ago, Crunchy Dragon said:

No worries or pressure, just have it done within the next...ehh..24 hours.

Hey, how can you creat quote boxes, I cant seem to be able to do that

[Crunchy Dragon]

1 minute ago, DanielMDA said:

Hey, how can you creat quote boxes, I cant seem to be able to do that

In the editor, click on the " symbol at the top next to the <>.

[leadeater]

@DanielMDA

You're supposed to put the quotes from the sources in the quote boxes not the source links .

 

There's an easy way to do it, highlight the text you already have that needs to go in to a quote box then in the text editor ribbon click the quote tag icon and it'll put the highlighted text in to a quote box. 

[2FA]

Their own blockchain or coin? There is a significant difference between the two.

[Vode]

The point of Crypto is to be decentralized, therefore censorship resistance and not being able to be shut down or changed by a single entity.

 

A corporation behind it defeats the whole purpose. Just another shitcoin.

[DanielMDA]

1 hour ago, 2FA said:

Their own blockchain or coin? There is a significant difference between the two.

Their own coin, they weren´t talking about the distinct capabilities of blockchain or apliccations, they were strictly designing coins

[HalGameGuru]

2 hours ago, Vode said:

The point of Crypto is to be decentralized, therefore censorship resistance and not being able to be shut down or changed by a single entity.

 

A corporation behind it defeats the whole purpose. Just another shitcoin.

You misunderstand the technology, it isn't about the coin. It's about the blockchain. And while its strength lies in it being decentralized it doesn't HAVE to be. The technology can and should be used by many groups for as many purposes as possible. banks are already using it to store their ledgers and there are concerns in Africa beginning to use it as a land registry to codify deeds to land that has never been platted or officially demarcated by their governments. And while you would want an open and decentralized blockchain for a currency-centric operation, if you are focused on the blockchain itself dissemination of the blockchain may well be secondary to a more focused goal.

[MyName13]

1 hour ago, HalGameGuru said:

You misunderstand the technology, it isn't about the coin. It's about the blockchain. And while its strength lies in it being decentralized it doesn't HAVE to be. The technology can and should be used by many groups for as many purposes as possible. banks are already using it to store their ledgers and there are concerns in Africa beginning to use it as a land registry to codify deeds to land that has never been platted or officially demarcated by their governments. And while you would want an open and decentralized blockchain for a currency-centric operation, if you are focused on the blockchain itself dissemination of the blockchain may well be secondary to a more focused goal.

What would be the purpose of a centralized blockchain?How would it differ from a non blockchain ledger?

[ScratchCat]

Do they have to create a cryptocurrency from scratch or from a template and adjust it to fit the AWS purpose? 12 hours seems quite short for such a task, additionally teams could plan everything ahead of time.

 

35 minutes ago, MyName13 said:

What would be the purpose of a centralized blockchain?How would it differ from a non blockchain ledger?

For non currency applications it would be quite useful to prevent race conditions between different databases (geographically separated AWS servers) I guess - should two events attempt to alter the same record they could not be in the same block. However this probably would not be the best method.

[MyName13]

42 minutes ago, ScratchCat said:

For non currency applications it would be quite useful to prevent race conditions between different databases (geographically separated AWS servers) I guess - should two events attempt to alter the same record they could not be in the same block. However this probably would not be the best method.

But does it really need a blockchain for that?

[Notional]

WOOOOO CRYPTO!

 

[ScratchCat]

16 minutes ago, MyName13 said:

But does it really need a blockchain for that?

It doesn't but apparently the cryptocurrency rise lead to a "BLOCKCHAIN ALL THE THINGS!" craze even where there wasn't a benefit.