July 15, 2022 – San Francisco, California
Ankr, one of the world’s leading Web 3.0 infrastructure providers, is excited to introduce Ankr Network 2.0, described in the new whitepaper as a “decentralized marketplace for Web 3.0 infrastructure.” The upgrade brings a full suite of decentralized products and services that serve as the essential infrastructure for the growth of Web 3.0.
It has long been feared that Web 3.0 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 servicesa protocol that allows independent node operators to connect developers and DApps to blockchains and earn rewards while they do it.
Greg Gopman, Chief Marketing Officer at Ankr, said:
“Ankr 2.0 is the missing link for Web 3.0 to become decentralized once and for all. Allowing blockchains to work with multiple infrastructure providers on a single network has always been the dreamboth 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.
The new Ankr network has been in the works for over a year as Ankr has 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 to benefit 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 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 (around $7.2 billion a day in total), and that revenue is split between the node providers and the staking community that helps secure the full knots.
Greater utility for the ANKR token and the 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 Web 3.0 and enable 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-based decision making. The Ankr DAO will initially democratize the decision-making process in three main areas.
- Decide where to allocate funds from the Ankr treasury to encourage protocol growth and rewards.
- Determine pricing and revenue allocation 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 Web 3.0. 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 Web 3.0 applications.
Greg Gopman, Marketing Director at Ankr
This content is sponsored and should be considered promotional material. The opinions and statements expressed herein are those of the author and do not reflect the views of The Daily Hodl. The Daily Hodl is not a subsidiary or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making high-risk investments in ICOs, blockchain startups, or cryptocurrencies. Please note that your investments are at your own risk and any loss you may incur is your responsibility.
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