What is Ankr Network?
ANKR is the native cryptocurrency powering a decentralized Web3 infrastructure platform. It serves as a utility token used for staking, governance, and payments across a distributed network. The token facilitates cost-effective and secure interactions among developers, users, and network participants while supporting the development of innovative decentralized applications.
Ankr Network goals
ANKR is designed to simplify the deployment and maintenance of blockchain nodes, creating a more accessible and scalable infrastructure for Web3 projects. It addresses the high costs and complexities of traditional cloud services by leveraging idle computing resources in a distributed network. Additionally, the token incentivizes network participation, supports seamless cross-chain connectivity, and enables a variety of applications including dApp development, staking, and enterprise solutions.
Marketcap
$0.53109117B
Total number of Ankr Network
10000000000 ANKR
Ankr Network technology
The technology behind ANKR aggregates distributed computing resources to create a decentralized cloud infrastructure for blockchain operations. Although it was initially launched as an ERC-20 token, ANKR now supports multiple blockchain networks through native protocols, enhancing its cross-chain staking and dApp development capabilities. The platform offers instant API and RPC access for developers and employs advanced security features to ensure robust and efficient network operations.
Ankr Network competitors
ANKR distinguishes itself by offering a comprehensive suite of decentralized infrastructure services that are both cost-efficient and scalable. The project leverages advanced technologies and supports cross-chain connectivity, giving it a competitive edge over traditional centralized cloud providers and other blockchain infrastructure projects. Its focus on secure node hosting, developer-friendly APIs, and innovative staking solutions further sets it apart from competitors in the market.
Ankr Network price history
Frequently asked questions
ANKR is used for staking rewards, governance voting, and as a payment method within its decentralized network. It enables developers to deploy and manage decentralized applications more efficiently. This versatile functionality makes it a valuable tool for individual users as well as enterprises in the Web3 ecosystem.
ANKR provides instant API and RPC access, which simplifies interactions with various blockchain networks. Developers can leverage its infrastructure to build, test, and deploy decentralized applications without the need to set up their own nodes. This reduces costs and accelerates innovation in the Web3 space.
The staking solution offered by ANKR allows users to earn rewards by locking their tokens to support network operations. It facilitates cross-chain staking and offers liquidity solutions, providing additional yield opportunities for participants. The protocol is designed to be user-friendly while maintaining high levels of security and performance.
ANKR employs robust security measures including secure node hosting and randomized validator selection to protect the network. It also utilizes hardware-based security features to execute decentralized applications safely. These measures help safeguard user assets and maintain the overall integrity of the infrastructure.
ANKR operates with a fixed total supply of 10000000000 ANKR tokens, serving as a natural anti-inflation measure. This limited supply, combined with a controlled distribution plan, helps maintain the token's value over time. While there is no explicit token burning mechanism, the finite supply itself is fundamental in controlling inflation.
The ANKR token acts as the primary medium of exchange within its network, facilitating payments for various services. It is also used for governance, allowing holders to participate in key decision-making processes. This multi-functional role incentivizes network participation and drives community engagement, making it an integral part of the ecosystem.
While ANKR was initially launched on the Ethereum blockchain, it has expanded its support to multiple networks through native protocols. This cross-chain capability allows it to serve a diverse range of decentralized applications and staking protocols. Its versatile infrastructure ensures compatibility with a broad spectrum of blockchain technologies.
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