cloud storage platform</strong></a> offered by Amazon Web Services (AWS). It was launched in 2006. Amazon S3 grants access to cloud storage with a customizable web interface. It offers the same storage architecture as the Amazon eCommerce platform.</p>\n<p>Amazon S3 can be used to store web applications, data archives and recovery, analytics, hybrid cloud storage, and other digital items.</p>\n<p>Amazon S3 uses <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-blockchain/">blockchain technology</strong></a>, which allows developers to create apps where transactions are completed without the interference of a central authority. 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Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":38,"original_id":null,"author_id":40,"translator_id":null,"title":"What is ASIC-Resistant?","slug":"what-is-asic-resistant","section":"A","keyword":"ASIC-Resistant","status":"published","definition":"a term used to describe digital currencies that are less susceptible to ASIC mining.","content":"<p>The phrase ASIC-Resistant refers to <strong>mining and blockchain algorithms that shouldn't provide any advantage to ASICs over customer-grade hardware.</strong> <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-asic/">ASICs (Application Specific Integrated Circuits) are bits of hardware that are purpose-specific. They are meant to mine <a href=https://www.bitdegree.org/"/crypto/buy-ethereum-eth/">Ethereum, <a href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">Bitcoin, and other cryptocurrencies.</p>\n<p>Several well-known cryptocurrencies (e.g., Bitcoin) use <strong>Proof-of-Work (PoW) consensus algorithms. </strong>PoW is a decentralized consensus technique that compels network participants to solve random mathematical puzzles in order to prevent anyone from manipulating the system.</p>\n<p>PoW GPUs often excel at parallel processing and do it quicker and with greater energy efficiency than CPUs. Then, if it becomes commercially feasible, chip makers create <strong>ASIC miners</strong> for a specific mining algorithm.</p>\n<p>ASIC miners are better at mining since their built to do this one unique task. Besides, since the fundamental objective of an ASIC is to conduct as many hashing operations per second as possible, they are superior to GPU for mining Bitcoin, or other ASIC-mineable PoW coins.</p>\n<p>Besides, Bitcoin ASIC miners nowadays are superior at performance compared to desktop PCs, leaving the latter obsolete in current mining. However, when a power outage occurred in Northern China in 2021, the Bitcoin hash rate quickly went down. This was the evidence that the independent nature of the very first cryptocurrency might come to an end.</p>\n<p>In this case, <strong>ASIC-resistance becomes a defensive tactic.</strong> Yes, it has no assurance that any hashing algorithm can avoid the construction of an ASIC miner if the fundamental cryptocurrency price makes it financially viable.</p>\n<p>However, <strong>ASIC-resistant cryptocurrencies are more relatively arranged</strong> and can be mined on basic consumer PCs. The adaptability might bring more people who wish to participate in mining. And, in the end, this prevents an ASIC arms race, which keeps average people out, and makes the mining process less capital-intensive, in general.</p>\n<p>Furthermore, while this type of network does not exclude the creation of massive <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mining-farm/">mining farms</strong></strong></a> near hydroelectric dams, it does ensure that they don&rsquo;t completely control the sector. It can also be fractured and geographically distributed.</p>","level":"medium","meta_title":"What is ASIC-Resistant? Definition & Meaning | Crypto Wiki","meta_description":"ASIC-Resistant meaning: ASIC-Resistant - The phrase ASIC-Resistant refers to mining and blockchain algorithms that are intended to provide ASICs no advantage over customer-grade hardware.","meta_keywords":null,"language":"en","created_at":"2022-02-10T14:36:53.000000Z","updated_at":"2022-09-16T10:52:35.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-asic-resistant"},"prevSection":{"id":36,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Aroon Indicator?","slug":"what-is-aroon-indicator","section":"A","keyword":"Aroon Indicator","status":"published","definition":"is used to determine price trend changes in an asset as well as how the trend will perform. It also records the time it takes to rise and the time it takes to fall.","content":"<p>The term <strong>&ldquo;Aroon&rdquo;</strong> means &ldquo;the earliest light of the dawn&rdquo;. The creator chose this nickname because indications are supposed to see when the new trend will start.</p>\n<p>The Aroon Indicator closely resembles the<a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-average-directional-index-adx/"> Average Directional Index</strong></a>. Moreover, Tushar Chande invented the indicator in 1995. To be more specific, it is used to determine price trend changes in an asset as well as how the trend will perform. It also records the time it takes to rise and the time it takes to fall.</p>\n<p>Aroon indicators serve a variety of functions, including identifying consolidations, defining corrective periods, detecting emerging trends, and forecasting price reversals.</p>\n<p>Aroon Indicator can provide good entry or exit points at times, but it can also provide incorrect or misleading information. After a big price change has occurred, the buy or sell signal might arrive too late. This happens because the indicator is not predictive and relies on past data.&nbsp;</p>\n<p>As a consequence, rather than relying simply on the Aroon signal, traders should investigate additional technical indicators that corroborate price and volume action in order to trade more efficiently.&nbsp;</p>\n<p>The way to <strong>calculate</strong> Aroon indicator values:</p>\n<ul>\n<li>AroonUp = 100 * ((X &ndash; Number of periods since highest high)/X);</li>\n<li>AroonDown = 100 * ((X &ndash; Number of periods since lowest low)/X);</li>\n</ul>\n<p>It is important to note that the Aroon indication requires selecting a certain time that is denoted with an \"X.\" A 25-day Aroon-Up indication also counts the number of days since a 25-day high. While a 25-day Aroon-Down indicator counts the number of days since a 25-day low. (These indicators track the frequency of time periods in which a price reached an x-day high or low.)</p>\n<p>Aroon indicators are occupied with the relation between price and time, as opposed to other momentum oscillators.&nbsp;</p>\n<p>Furthermore, the Aroon indicator is made up of two parallel lines. An upward line that counts the number of periods since a <strong>high,</strong> and a downward line that counts the number of periods since a low. When a strong trend arrives it is indicated by higher Aroon values. Nonetheless, a weaker trend is indicated by lower Aroon values.</p>\n<p>The values can go anywhere between 0 and 100. A value greater than 50 indicates that a low/high happened within the preceding 12 periods. A number less than 50 implies that it happened inside the 13-period time span.</p>\n<p>Aroon can be useful for traders or market researchers because it can grant trading signals such as overlaps between the two Aroon indicators. These are commonly seen as a trend shift or a maker reversal indications.</p>","level":"medium","meta_title":"What is Aroon Indicator? Definition & Meaning | Crypto Wiki","meta_description":"Aroon Indicator meaning: Aroon Indicator - is used to determine price trend changes in an asset as well as how the trend will perform. It also records the time it takes to rise and the time it takes to fall.","meta_keywords":null,"language":"en","created_at":"2022-02-10T14:31:40.000000Z","updated_at":"2022-05-13T14:32:22.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-aroon-indicator"},"currentChapter":"A","currentSection":"what-is-amazon-s3","chapterTitle":"A","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-is-amazon-s3","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Crypto Terms: Letter A

What is Amazon S3?

Amazon S3 MEANING:
Amazon S3 - Amazon Simple Storage Service. Web-based cloud storage service.
Medium
2 minutes

Let's find out Amazon S3 meaning, definition in crypto, what is Amazon S3, and all other detailed facts.

Amazon Simple Storage Service (Amazon S3) is a cloud storage platform offered by Amazon Web Services (AWS). It was launched in 2006. Amazon S3 grants access to cloud storage with a customizable web interface. It offers the same storage architecture as the Amazon eCommerce platform.

Amazon S3 can be used to store web applications, data archives and recovery, analytics, hybrid cloud storage, and other digital items.

Amazon S3 uses blockchain technology, which allows developers to create apps where transactions are completed without the interference of a central authority. Amazon Managed Blockchain in conjunction with Amazon S3 allows developers to securely store sensitive information concerning the blockchain.

Amazon Simple Storage Service is equipped with encryption and access management tools, which means that users can restrict access to data stored on their accounts. S3 Block Public Access is a storage solution that allows access restriction to the stored files at the bucket and account levels, depending on the choice.

Amazon S3 is compliant with PCI-DSS, HIPAA/HITECH, FedRAMP, EU Data Protection Directive, and FISMA. Users are able to utilize a wide range of auditing tools to track access requests.

Users have the option to customize the S3 resources they require, thus designing personalized data safeguards in the S3 buckets. Amazon offers a variety of access control tools that can be used for data protection and data sharing, such as:

  • AWS Identity and Access Management (IAM) – provides access control across all of AWS. Users can establish databases and control their access;
  • Access Control Lists (ACLs) – storage managers can make specific items available to authorized users only;
  • Bucket policies – policies that allow users to customize access permissions for all objects within a single S3 bucket.

All data uploaded on Amazon S3 is encrypted on both the server-side and the client-side. Unauthorized users are unable to access anyone’s data without permission. Encryption state and security updates can be tracked on the S3 inventory.

Amazon S3 offers configurable security settings that users can adjust based on their data storage needs. Users can use VPC endpoints to connect their S3 resources from the Amazon Virtual Private Cloud.