ANKR, The Token from Ankr Network, a Fast-Growing Web3 Platform

Modified on Thu, 07 Dec 2023 at 07:15 PM

When Node Infrastructure, Staking, DeFi, and many other services come together, it forms Ankr Network, one of the most comprehensive networks for providing Cloud Computing services, accompanied by the platform’s native token, ANKR. In this article, we will take you through an introduction to the Ankr Network and the ANKR token. Learn about the intriguing features and origins of this coin in this article.

What is Ankr?

Ankr is a blockchain network developed to serve as a platform connecting developers, DApps, digital asset wallets, exchanges, and other applications that require blockchain integration through Web3. The services mostly are about providing Remote Procedure Call (RPC), Node Hosting, API Access, and POS Security in exchange for a fee. And, Ensuring users’ confidence in the convenience, reliability, and safety of the Ankr Network system. Today Ankr runs with Ankr 2.0 and has over 2.3 million end-users in over 160 countries every day and is considered as one of the trusted networks.

How does Ankr network work?

In simple terms, the Ankr network connects individuals who possess extra, unused resources with those who require them, facilitated by the network. Node providers receive rewards from the system, while users pay fees for the services. Ankr RPC service is available for use by anyone, but community users are restricted from accessing additional features available to Premium and Enterprise users. Users can rest assured of the network’s safety, as the Ankr network continually filters out underperforming or risky nodes. This process is complemented by a reputation system, enhancing its resistance against cyberattacks.

Who founded Ankr?

In 2017, Chandler Song and Ryan Fang, two best friends from Berkeley UC, with the help of Stanley Wu, an Ex-Amazon Computer engineer, founded Ankr. Their goal was to develop a Web 3 platform or decentralized internet that is easy to use for everyone. They also aimed to harness the power of Cloud computing from numerous ideal data centers for various activities such as Mining Bitcoin, Node hosting, IoT, etc.

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