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Ankr Announces Its Most Important Upgrade, Ankr Network2.0, to Decentralize Web3’s Foundational Level

San Francisco, United States, 15th July, 2022, Chainwire Ankr, one of the world’s leading Web3 infrastructure providers, is delighted to introduce 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…

San Francisco, United States, 15th July, 2022, Chainwire

Ankr, one of the world’s leading Web3 infrastructure providers, is delighted to introduce 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 been long-standing concerns that Web3 may not be as decentralized and open as its promoters suggest. The majority of Web3’s server infrastructure (node), for the underlying blockchains, is hosted by data centers and centralized companies. Ankr 2.0 addresses this critical problem by providing new decentralized web services that allow independent node operators to connect developers to blockchains, and to earn rewards for doing so.

Ankr 2.0 is the missing link for Web3 to become decentralized once and for all. The dream of allowing blockchains to collaborate with multiple infrastructure providers on one network has been a reality for speed, reliability and decentralization. With the Ankr Network it’s possible. This is a significant step forward in the industry’s quest to create an infrastructure capable of handling mass adoption over the next ,” years, said Greg Gopman (chief marketing officer at Ankr).

The new Ankr Network took over a year to create. Ankr switched its centralized infrastructure business into a decentralized protocol and created the first-of their kind node infrastructure protocol that the industry can collaborate on. The fully decentralized Ankr Network offers the following upgrades to all stakeholders:

Independent node providers to run full nodes

Independent providers of nodes can serve traffic and earn rewards through the Ankr Network. Organisations can connect to the Ankr Network for rewards if their projects don’t use them. Independent nodes join Ankr’s existing global network to serve all blockchain request methods, including the Advanced APIs that streamline and simplify data querying.

Developers connect to a decentralized RPC layer

Ankr Network is powered by independent node providers. This means that developers, wallets and other projects can now connect to blockchains using a decentralized method. These parties all pay as they go when they request blockchains (around $7.2 billion per day), and this income is divided between the node providers and the community that helps secure full nodes.

Greater utility for the ANKR token & first ever instance of staking to full nodes

The ANKR token is a key component of all operations in the new decentralized Ankr Network:

  • Developers pay for access to on-chain data (RPC requests) in ANKR
  • Independent node providers serve blockchain requests to earn ANKR
  • Stakers contribute ANKR to nodes to secure the network and share in the rewards

Anyone can stake to Ankr Network full nodes and receive rewards for RPC traffic served. Ankr Network is a decentralized infrastructure market and economy that will allow for more stakeholders to reap the benefits of its growth.

Ankr DAO to democratize services

Ankr Network is transitioning operations to a new DAO framework in order to encourage consensus-based decision making. In the initial phase, Ankr DAO will democratize decision-making in three core areas:

  1. Deciding where to allocate funds from the Ankr Treasury to incentivize protocol growth and rewards.
  2. Determining pricing and revenue splits for various systems touching the protocol like Node Providers and Staking.
  3. Choosing which blockchains to onboard next to Ankr’s industry-leading RPC services.

About Ankr

Ankr is the most established global node network in the sector, laying the foundation for Web3. It currently serves around 250 billion blockchain requests a month across 50 different chains and runs RPC services for 17 blockchain partners, making it the largest RPC provider in the industry. Ankr offers a range of tools to enable dApp developers build Web3 applications quickly and easily.

Contacts

Greg Gopman, [email protected]

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BTC slips amid poor debut for Hong Kong spot ETFs

Bitcoin fell to under $62,000 after spiking past $64,700 earlier as Hong Kong spot Bitcoin and Ethereum ETFs began trading. Data showed trading volumes hit just over $11 million, against expectations of over $3oo million. Bitcoin price fell below $62,000 again amid market reaction to less than encouraging numbers from the first day of trading…


  • Bitcoin fell to under $62,000 after spiking past $64,700 earlier as Hong Kong spot Bitcoin and Ethereum ETFs began trading.
  • Data showed trading volumes hit just over $11 million, against expectations of over $3oo million.

Bitcoin price fell below $62,000 again amid market reaction to less than encouraging numbers from the first day of trading for much hyped spot Bitcoin and Ethereum ETFs in Hong Kong.

BTC was down about 1.4% at the time of writing, having touched lows of $61,587 across major crypto exchanges.

The benchmark cryptocurrency, which has struggled to reclaim key levels since its recent halving event, was seeing a 24-hour trading volume of $28.4 billion.

Bitcoin price and Hong Kong spot ETFs debut

Earlier, Bitcoin price surged to above $64,000 as the six spot Bitcoin and spot Ethereum ETFs went live in Hong Kong.

The flagship cryptocurrency rose to over $64,727 on US-based crypto exchange Coinbase. BTC also soared after reports Hong Kong approved the listing of the ETFs.

NEW: 🇭🇰 Opening ceremony of Hong Kong spot #Bitcoin ETFs 👏 pic.twitter.com/ux1eb5PqRn

— Bitcoin Magazine (@BitcoinMagazine) April 30, 2024

However, as data streamed in showing disappointing trading volumes and inflows, Bitcoin price took a hit. According to details of the six ETFs’s debut day, total trading volume reached just $11 million, not impressive given projections were much higher at over $300 million.

Bitcoin ETFs saw about $8.5 million while Ethereum ETFs recorded just $2.5 million on the first day. Ethereum price fell to $3,040.

Notably, the figures from Hong Kong are way lower compared to those recorded amid the enthusiasm that greeted the launch of spot Bitcoin ETFs in the US in January. On their debut, the US spot BTC ETFs raked in over $4.6 billion in trading volume.

The start to trading for the ETFs has not helped BTC price and BTC could face a slide under the $60k level if sentiment flips negative. On the upside, resistance at $65k remains critical and a breakout could see the bellwether digital asset soar towards its recent peak.


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