Ankr – The Leader in Web3 Infrastructure and Staking

Ankr, one of the biggest infrastructure companies in Web3, is a suite of tools that includes decentralized infrastructure and multi-chain solutions to streamline access to the decentralized web.

The San Francisco-based crypto platform simplifies building and earning on the blockchain for individuals, developers, and enterprises in a Web3 environment.

What Is Ankr?

Ankr provides multi-chain tools for users to access infrastructure, earn yields, and integrate DeFi solutions. Ankr can deploy dedicated validator and developer nodes, allows access to API endpoints, and allows for staking on both Ethereum and Binance, with plans for future integrations. Binance is one of Ankr’s main infrastructure partners and the ecosystem also has strong ties with the Polygon network.

Ankr is aiming to build the future of decentralized infrastructure and is rapidly becoming the leader in liquid staking, a revolutionary DeFi innovation. It has the largest enterprise-grade node network globally with low latency across networks.

Ankr is collecting more data than anyone else in Web3 and is building out a new business in Infrastructure Finance. The decentralized infrastructure provider is currently migrating to a DAO-based model that will put the power of Web3 in the hands of users.

Ankr simplifies the complexity of blockchain and DeFi by effectively eliminating barriers to entry. It provides pre-built infrastructure that serves the needs of users and builders in Web3. This will help everyone move to a more decentralized system.

Deploying Ankr Nodes In Web3

The Ankr platform is designed to eliminate barriers to node deployment. Not only does it make it easier for individuals to participate in the nodal network, but users also receive rewards for their participation.

While this has traditionally been done on Proof-of-Work (PoW) networks by hashing data, modern blockchains are designed on a Proof-of-Stake (PoS) design that uses staking or validating.

Regardless, nodes play an essential role in the decentralized web ecosystem in both types of networks. Ankr easily facilitates node deployment for Web3, which is a term used to describe an internet built on blockchains.

Web3 builders who are looking to create a platform or product in the decentralized ecosystem can develop on a specific blockchain. Alternatively, they can also develop programs that require access to multiple blockchain networks concurrently. ANKR is the platform native token that is used to pay for services and for staking Ankr’s own decentralized staking protocol, called Stkr.

Staking Nodes With The Ankr Platform

Most blockchains use the PoS consensus mechanism to rely on validator nodes to secure the network. Through this consensus mechanism, users will deposit a required amount of native tokens and earn rewards for their ongoing participation.

Despite the attractive economics of PoS node validation, establishing a staking node can be costly and complex because it requires users to have a lot of knowledge in technology and investments in both hardware and software.

In order to eliminate these barriers, the Ankr ecosystem works as a node host for many concurrent blockchain networks. Through the easy-to-use tools, services, and interfaces, users can lock in the required tokens or coins to create a node through a one-click button.

Of course, users will need to pay subscription fees to avoid the complexity and costs associated with setting up the infrastructure, but this cost is offset with many benefits. Ankr takes responsibility for node performance, meaning users will have less risk of losing a portion of their stake to slashing. For instance, Ankr effectively offers a delegated proof of stake mechanism for Ethereum stakers so no compensation is lost due to poorly performing nodes.

Ankr: A Leader In Web3 API Development

An application programming interface (API) is a set of codes and protocols that connects different software platforms. Developers must often start from scratch when building applications on a blockchain network -- APIs can help to resolve this issue.

Ankr users have access to APIs that interact with several blockchain networks and each will offer unique functionality. Currently, the platform has integrated more than 50 protocols in the crypto industry. Some leading blockchains integrated with the Ankr ecosystem include the Binance Chain, Ethereum, Polkadot, EOSIO, and OKEx.

Ankr also offers an advanced multi-chain scanner API along with an API for the querying of NFTs. It has become a leader in terms of API development for Web3, an area which lacks tools to efficiently query multiple blockchains.

Staking On The Ankr Platform

Ankr has developed a unique staking model that involves three parties -- providers, stakers, and governors. Providers can use their hardware or deploy a node on Ankr. They can also submit insurance in ANKR or ETH. Rewards for an ANKR-funded node are issued in ANKR tokens at the end of the staking period to ensure that stakers never suffer.

Stakers on the Ankr platform can receive Ankr ether (aETH). This token represents a user's original stake plus earned rewards and appreciation. Anyone that holds ANKR tokens in private is considered part of the platform's governance. They can vote on proposals that influence where the project is heading.

The most important point is that Ankr is entirely non-custodial -- it has cut out intermediaries and gatekeepers. As such, Ankr users’ funds are not owned by the Ankr platform, and staking rewards belong to the validator, even when they use Ankr infrastructure.

The Way Forward For Web3

If Web3 is to come to fruition, the infrastructure first needs to be put in place. Both builders and users need a decentralized infrastructure provider to work with.

Through a diverse offering of solutions, the Ankr platform allows users and developers to gain back control over their applications and data as well as provide robust interstitial connectivity between the various networks of the blockchain ecosystem.

Ankr is revolutionizing infrastructure, incentives and DeFi in a way no one else ever dreamed of.