These services will be focused primarily on creating the bases for enterprise-grade solutions, an identified need within the BaaS model of AWS enterprise customers. As know, QTUM has a hybrid platform, which can merge a bitcoin alike blockchain with the Ethereum Virtual Machine. This certainly will make it much easier to build dApps on a wider scale.
“Qtum is one of the most decentralized entities on the internet and AWS is one of the largest cloud providers in the world. It is a perfect combination for users and the enterprise. We look forward to continue making Qtum’s smart contract and Dapp technology available for what is arguably its most in-demand market, the enterprise,” said Qtum Co-Founder Patrick Dai.
However, rumors are; what if this partnership is simply overhyped, and in reality means that Tron (QUTUM is a brainchild of Tron) is purchasing could computing power from Baidu?
Well, the day of announcement, QTUM made a 16% gain over the Bitcoin , with the huge spike in , which might indicate the starting point of recovery after the massive selloff. Nonetheless, price didn’t manage to break above the btc 0.000650 resistance, that is a 361.8% level. While the daily close remains blow, QTUM/BTC uptrend expectations might be a little premature. If/when the resistance is broken, price should be able to reach the key at btc 0.001120, which is simultaneously a 38.2% and 525.2% Fibs. Only clean break above the key resistance shall indicate on the beginning of a longer-term uptrend.
Yet, price remains under selling pressure, even after the QTUM announcement of the Amazon partnership. Does it suggest that such a ground-breaking partnership doesn’t mean much for investors? Only time will tell, but if price breaks below the btc 0.000523 low, tested on the 15 October, the will likely to continue, down to either btc 0.000374 or 0.000228 .