Ankr, one of the world’s leading providers of Web3 infrastructure, introduced 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 the critical infrastructure behind Web3 growth.
There have long been concerns that Web3 is not as decentralized as its boosters claim, as the majority of server (Node) infrastructure for underlying blockchains is hosted by centralized companies and data centers. Ankr 2.0 solves this important problem with new decentralized web services, a protocol that allows independent node operators to connect developers and dApps to blockchains and earn rewards while doing so.
Ankr Marketing Director Greg Gopman made the following statements in his statement on the subject:
“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 a dream come true in terms of speed, reliability and decentralization. Now all of this is possible with Ankr Network. It is great progress as the industry continues to innovate towards an infrastructure that can handle mass adoption for years to come.”
The new Ankr Network has been over a year since Ankr migrated its central infrastructure business to a decentralized protocol and created the first node infrastructure protocol of its kind for the industry to collaborate. Being completely decentralized, Ankr Network brings the following upgrades for the benefit of all stakeholders:
Independent Node Providers to Run Full Nodes
Independent node providers can offer traffic and earn rewards on 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 projects don’t use them. Independent nodes join Ankr’s existing global network to serve all blockchain request methods, including Advanced APIs that facilitate and simplify data querying.
Developers Connect to a Decentralized RPC Tier
As independent node providers power the Ankr Network, this means that developers, dApps, wallets and all other projects using the service now have a decentralized tool to connect to blockchains. All of these parties pay as they use (about 7.2 billion per day in total) when making requests to blockchains, and this revenue is split between the node providers and the community of stakers, which helps keep full nodes safe.
More utilities for ANKR token and first example of staking full nodes
In New Decentralized Ankr Network, ANKR Plays a Central Role in All Transactions
- Developers pay for access to on-chain data (RPC requests) in ANKR.
- Independent node providers offer blockchain requests to earn ANKR.
- Stakers contribute nodes to ANKR to secure the network and share rewards.
Anyone can stake full nodes on Ankr Network and earn rewards for all RPC traffic served. Ankr Network will be scaled to accommodate the growing use of Web3 and enable more stakeholders to benefit from its growth, creating a decentralized infrastructure market and economy.
Ankr DAO Democratizes Services
Ankr Network will begin migrating operations to a new DAO framework to promote consensus decision making. Ankr DAO will initially democratize the decision-making process in three key areas:
- Deciding where to allocate funds from Ankr Treasury to promote protocol growth and rewards.
- Determining pricing and revenue distributions for various systems that touch the protocol, such as Node Providers and Staking.
- Choosing which blockchains to add alongside Ankr’s industry-leading RPC services.
About Ankr
Ankr laid the foundation for the future of Web3 by building the largest global node network in the industry. It currently serves 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 that enable dApp developers to quickly and easily create Web3 applications.
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