What is Ankr Crypto (ANKR)?

Ankr crypto is a decentralized blockchain infrastructure provider that operates globally distributed nodes across more than 50 Proof-of-Stake networks. This infrastructure supports the expansion of the crypto economy and offers a suite of multi-chain tools for Web3 users.

Ankr crypto Build offers comprehensive solutions for blockchain developers, featuring traditional APIs, a decentralized network of public RPC nodes enabling access to blockchain data, and tools like Ankr Scan for exploring on-chain information across various blockchains.

Ankr Earn simplifies staking, liquid staking, and other yield-earning opportunities for crypto investors. It aims to address capital inefficiency in Proof-of-Stake networks by creating a scalable and decentralized staking infrastructure solution.

Ankr Learn provides accessible learning tools, tutorials, and documentation to help individuals enhance their understanding and proficiency as users or developers in blockchain-based systems. Whether you're looking to build on the blockchain, earn yields through staking, or deepen your knowledge, Ankr crypto offers a user-friendly and educational platform for the diverse needs of the crypto community.

Who are the founders of Ankr Crypto?

Ankr crypto was founded in 2017 by co-founders Chandler Song and Ryan Fang, both recognized as Forbes 30 Under 30 laureates. Their entrepreneurial journey began shortly after graduating from the University of California, Berkeley, where they were early participants in the Blockchain at Berkeley program. Chandler Song, who was working as an engineer at Amazon Web Services, met Stanley Wu, the third co-founder, during this period. United by a shared vision, the trio embarked on a mission to create the most decentralized and scalable Web3 infrastructure. Drawing on their experiences and expertise gained from involvement in blockchain initiatives and industry giants like Amazon, the co-founders positioned Ankr crypto as a pivotal player in advancing blockchain technology, emphasizing decentralization and scalability in their pursuit of a robust Web3 ecosystem.

What makes Ankr Crypto Unique? 

Ankr crypto stands out by serving as a unique node infrastructure and decentralized web services provider, fostering seamless communication among decentralized applications (DApps) and blockchains. The platform offers users the ability to effortlessly delegate their assets to validator nodes, enabling them to maximize earnings. This approach contrasts with centralized alternatives like AWS Blockchain and others.

The ANKR token, Ankr's native utility token, holds a pivotal role within the platform. Serving as an ERC-20, BEP-2, and BEP-20 token, it operates on various networks, including Polygon, Avalanche, and Fantom. ANKR crypto facilitates transactions, and payments for numerous Ankr services, and contributes to platform governance.

Crucially, the ANKR token plays a central role in enabling both institutional and independent node providers to monetize their nodes' excess capacity. Simultaneously, node consumers benefit from a flexible pay-as-you-go model, disrupting the conventional paradigm of blockchain API providers that often require users to subscribe to fixed plans, regardless of their actual usage. This innovative use of the ANKR token introduces a more equitable and efficient model for both node providers and consumers within the blockchain ecosystem.

Network Security in Ankr Crypto (ANKR)

Security is paramount within the Ankr crypto network, and it employs a multifaceted approach to safeguard its integrity. Verification nodes play a crucial role in the block validation process, ensuring the network's quality and promptly removing any potential bad actors.

To maintain security and select only reliable participants, Ankr crypto implements a reputation-based system. This system evaluates actors based on their node contributions, employing a performance test to equitably distribute computational resources according to workload.

Ankr's security framework incorporates the Intel SGX as a primary component, enhancing protection against hardware and software attacks. This technology allows for secure execution within the hardware itself, bolstering the network's resilience.

In managing off-chain data processing, Ankr crypto adopts a Native Oracle System (NOS) facilitating secure transfers between on-chain smart contracts and off-chain data. This system requires authentication, ensuring the integrity of the data exchange.

Data Source Security is a priority, and Ankr employs TLS 1.2, 1.3, and Perfect Forward Security (PFS) to handle the security of off-chain data. These protocols collectively contribute to a robust security infrastructure, positioning Ankr crypto as a trustworthy and resilient network within the blockchain ecosystem.

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