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Ankr Unveils Its Biggest Upgrade, Ankr Network 2.0, to Truly Decentralize Web3s Foundational Layer

July 15, 2022
in Press Release
Reading Time: 3 mins read

San Francisco, USA, July 15, 2022, Chainwire

AnkrOne of the world’s leading Web3 infrastructure providers, is pleased to introduce AnkrNetwork 2.0, described in its new white paper as “Distributed Marketplace for Web3 Infrastructure”. This upgrade brings a complete suite of decentralized products and services that act as the key infrastructure behind Web3’s growth.

Web3 has long been concerned that it is not as decentralized as boosters claim, as most of the underlying blockchain server (node) infrastructure is hosted by centralized enterprises and data centers. I did. Ankr 2.0 solves this critical problem with a new distributed web service. This is a protocol that allows independent node operators to connect developers and dApps to the blockchain and earn rewards while running.

“”Ankr 2.0 is a missing link for Web3 to be fully decentralized. Allowing blockchain to work with multiple infrastructure providers on a single network has always been a dream, both in terms of speed, reliability, and decentralization. With Ankr Network, that’s all possible. Continuing to innovate into a mass-adopted infrastructure over the next few years is a major step forward for the industry.“Greg Gopman, Chief Marketing Officer of Ankr, said.

The new Ankr network is more than a year old when Ankr migrated its centralized infrastructure business to a decentralized protocol and created the industry’s first node infrastructure protocol. The fully decentralized Ankr network brings the next upgrade for the benefit of all stakeholders.

Independent node provider for running full nodes

Independent node providers can serve traffic and earn rewards on the Ankr network. Organizations that are already running full nodes in their project can also connect to the Ankr network and earn rewards when they are not using the node in their project. Independent nodes join Ankr’s existing global network, Advanced API Streamline and simplify data queries.

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Developers connect to distributed RPC layers

This is because developers, dApps, wallets, and all other projects that use the service have a decentralized means of connecting to the blockchain, as an independent node provider powers the Ankr Network. It means that. All of these parties pay on a pay-as-you-go basis when sending requests to the blockchain (a total of about 7.2 billion per day). This revenue will be distributed to the node provider and the stacker community to help protect the complete node.

Better utility for ANKR tokens and first instance of staking to full node

In the new distributed Ankr network, ANKR tokens play a central role in all operations.

  • Developers pay for access to ANKR’s on-chain data (RPC requests)
  • Independent node provider handles blockchain requests to win ANKR
  • The staker provides ANKR to the node to protect the network and share rewards.

Anyone can bet on the full node of Ankr Network and get rewarded for all the RPC traffic provided. By building a decentralized infrastructure market and economy, the Ankr Network will grow to meet the ever-increasing usage of Web3 and allow more stakeholders to benefit from its growth.

AnkrDAO to democratize services

The Ankr Network will begin migrating operations to a new DAO framework to facilitate consensus-based decision making. Ankr DAO first democratizes the decision-making process in three core areas.

  1. Decide where to allocate funds from the Ankr Treasury to encourage protocol growth and rewards.
  2. Determine pricing and revenue splits for various systems that access protocols such as node providers and staking.
  3. Select the blockchain to be installed next to Ankr’s industry-leading RPC service.

About Ankr

Ankr has built the industry’s largest global node network and laid the foundation for the future of Web3. Today, it processes approximately 250 billion blockchain requests per month across 50 different chains and runs RPC services to 17 blockchain partners, making it the largest RPC provider in the industry. Ankr also provides a set of tools that allow dApp developers to build Web3 apps quickly and easily.

contact address

Greg Gopman, [emailprotected]

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