Ankr unveils its biggest upgrade, Ankr Network 2.0, to truly decentralize the foundational layer of Web3
San Francisco, California
Anchor, one of the world’s leading Web3 infrastructure providers, is excited to introduce Ankr Network 2.0, described in the new whitepaper as a “decentralized marketplace for Web3 infrastructure.” The upgrade brings a full suite of decentralized products and services that serve as essential infrastructure for Web3’s growth.
It has long been feared that Web3 is not as decentralized as its boosters claim, as the majority of its server infrastructure (node) for the underlying blockchains is hosted by centralized companies and data centers. Ankr 2.0 solves this crucial problem with new decentralized web services – a protocol that allows independent node operators to connect developers and dApps to blockchains and earn rewards while they do it.
“Ankr 2.0 is the missing link for Web3 to become decentralized once and for all. Allowing blockchains to work with multiple infrastructure providers on a single network has always been the dream, both for speed, reliability, and decentralization. Now, with the Ankr network, all of this is possible. It’s a big step for the industry to continue innovating towards an infrastructure that can handle mass adoption in the years to come.“said Greg Gopman, chief marketing officer at Ankr.
The new Ankr network took over a year to develop as Ankr transitioned its centralized infrastructure business to a decentralized protocol, creating the first node infrastructure protocol the industry can collaborate on . The fully decentralized Ankr network brings the following upgrades for the benefit of all stakeholders:
Independent node providers to run full nodes
Independent node providers can serve traffic and earn rewards on the Ankr network. Organizations that are already running full nodes for their own projects can also connect to the Ankr network to earn rewards when their project isn’t using them. Independent nodes join Ankr’s existing global network to serve all blockchain request methods, including the Advanced APIs that streamline and simplify data querying.
Developers connect to a decentralized RPC layer
As independent node providers powering Ankr Network, this means developers, dApps, wallets, and all other projects using the service now have a decentralized way to connect to blockchains. All of these parties pay as they make demands on blockchains (approximately $7.2 billion a day in total), and that revenue is split between node providers and the stakeholder community that helps secure full knots.
Highest utility for ANKR token and very first instance of staking on full nodes
On the new decentralized Ankr network, the ANKR token plays a central role in all operations:
Developers pay for on-chain data access (RPC requests) in ANKR
Independent Node Providers Respond to Blockchain Requests to Earn ANKR
Stakeholders contribute ANKR to nodes to secure the network and share rewards
Anyone can bid on full nodes on the Ankr network and earn rewards for all RPC traffic served. By creating a decentralized marketplace and infrastructure economy, Ankr Network will scale to accommodate the growing use of Web3 and allow more stakeholders to benefit from its growth.
Ankr DAO to democratize services
Ankr Network will begin transitioning operations to a new DAO framework to promote consensus decision-making. The Ankr DAO will initially democratize the decision-making process in three main areas:
Decide where to allocate Ankr treasury funds to encourage protocol growth and rewards.
Determination of prices and revenue allocations for various systems affecting the protocol, such as node providers and staking.
Choose blockchains to integrate alongside Ankr’s industry-leading RPC services.
Ankr has built the industry’s largest global network of nodes, laying the foundation for the future of Web3. It currently processes around 250 billion blockchain requests per month across 50 different chains and runs RPC services for 17 blockchain partners, making it the largest RPC provider in the industry. Ankr also offers a suite of tools for dApp developers to quickly and easily create Web3 applications.
Media contact: Greg Gopman, [email protected]
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