Amazon once again in August of 2006 added another key development with the launch of EC2. According to Amazon, EC2 is “a web service that provides resizable compute capacity in the cloud. It is designed to make web-scale computing easier for developers.” Which sounds very similar to the slue of cloud hosting provided by the likes of Hostmonster, Hostgator, Bluehostect. Yet, what separated EC2 was that it was and is transaction based with charges based on use of storage, time and bandwidth.