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What Is Ankr (ANKR)?

What Is Ankr (ANKR)?

Ankr is a decentralized blockchain infrastructure provider that operates an array of nodes globally distributed across over 50 Proof-of-Stake networks. This infrastructure helps drive the growth of the crypto economy while powering a full suite of multi-chain tools for Web3 users:

Ankr Build
Ankr provides comprehensive blockchain developer solutions, including traditional APIs, a decentralized multi-chain network of public RPC nodes used to access blockchain data and execute code, and tools like Ankr Scan to view on-chain information across blockchains.

Ankr Earn
Ankr Earn makes staking, liquid staking, and other yield-earning opportunities easy and accessible to any crypto investor. Ankr creates the most scalable and decentralized staking infrastructure solution that aims to solve the capital inefficiency of Proof-of-Stake networks and similar blockchain consensus mechanisms.

Ankr Learn
Through Ankr’s learning tools, tutorials, and docs, anyone can become a better user or developer of blockchain-based systems.

Who Are the Founders of Ankr?

Co-founders Chandler Song and Ryan Fang (Forbes 30 Under 30 laureates) founded Ankr in 2017 shortly after graduating from the University of California, Berkeley after being early participants in the Blockchain at Berkeley program. Chandler was working as an engineer at Amazon Web Services at the time where he met Stanley Wu, the third co-founder. Together, they took on a mission to build the most decentralized and scalable Web3 infrastructure possible.

What Makes Ankr Unique?

Ankr is uniquely positioned as a node infrastructure and decentralized web services provider that allows DApps and blockchains to run and communicate with each other seamlessly while allowing users to earn more with their assets by delegating them easily to validator nodes. This is in contrast to centralized solutions like AWS Blockchain and many others.

What Is the ANKR Token?
ANKR is the native utility token needed for transactions and payments for many of Ankr’s services as well as platform governance. ANKR has capabilities as an ERC-20, BEP-2, and BEP-20 token, and it is also available on the Polygon, Avalanche, and Fantom networks.

The ANKR token will play a core function in enabling institutional and independent node providers to monetize their nodes' excess capacity and allow node consumers to benefit from a pay-as-you-go model, disrupting traditional blockchain API providers forcing users into paid plans requiring oversubscription.

How Many Ankr (ANKR) Coins Are There in Circulation?

The current circulating supply of ANKR is 6,496,232,711 tokens. They are at a trading volume of $49,811,009 USD. There is a max supply of 10,000,000,000 ANKR.

How Is the Ankr Network Secured?

Ankr utilizes verification nodes in the block validation process, and as such can ensure that the quality of the network itself is maintained and that any bad actors are removed from the system.

In order to ensure that the system remains secure and that only good actors are picked, Ankr employs a reputation-based system. This filters actors based on node contributions. Furthermore, a performance test is used to fairly distribute their differing computational resources based on their workload.

Ankr also employs the intel SGX as its main component. This allows for a high level of security against certain hardware and software attacks due to the fact that it processes executions inside of the hardware itself.

When we discuss off-chain data and its processing, there is a Native Oracle System, or NOS for short, that transfers between the on-chain smart contracts as well as the off-chain data. This NOS is secure and requires authentication.

The Data Source Security itself is handled through TLS 1.2,1.3 and Perfect Forward Security, or PFS.