What Is Ankr? (ANKR) Complete Guide & Review About ANKR

What Is Ankr?

Ankr originates as a solution that utilizes shared resources in order to provide easy and affordable blockchain node hosting solutions. It was founded in November in 2017 and during its time on the market, it has built a marketplace for container-based cloud services through the usage of shared resources.

This in turn provides developers and enterprise clients with the ability to easily deploy blockchain nodes at a much cheaper price when compared to public cloud providers. As such, hosting blockchain nodes on Ankr take away any centralization issues and single point of failure.

Furthermore, public blockchains are able to engage in communities and provide further assistance to their networks. Ankr aims to build an infrastructure platform and marketplace for Web3-stack deployment to enable resource providers as well as end-users to connect to blockchain technologies and DeFi applications.

Note that the Ankr proprietary cloud infrastructure operates independently when they compare it to public cloud providers, and that it is completely powered through geographically distributed datacenters to increase its stability and resilience levels.

Ankr Storage Key Points

Who Are the Founders of Ankr?

The Ankr Network was founded in 2017 at Berkeley University in California as a distributed computing platform that takes advantage of blockchain technologies. Co-founder Chandler Song worked as an engineer at Amazon Web Services and serves as CEO, while the other co-founder Ryan Fang worked as an investment banker at Morgan Stanley.

Chandler Song introduced Ryan Fang to Bitcoin and blockchain during their freshman year back in 2014, where he talked him into buying 22 Bitcoin together. In 2017, those bitcoins became the seed that funded the project.

Together, they acknowledged the potential of the cloud computing market as an infrastructure that could drive global innovation. This led them on a mission to build a cheaper, decentralized cloud.

Connect to Web3 in minutes

They support more than 40 blockchain protocols for staking or developing purposes.

Staking nodes

Spin up your own staking nodes and start earning rewards immediately.

Developer APIs

Ankr Easily build Web3 products with instant API access to major blockchain and DeFi protocols.

Enterprise solutions

Turnkey infrastructure solutions for cryptocurrency exchanges, staking platforms, data analytics providers and more.

Mission

The Graph is excited to have participate as an Indexer in the Mission Control testnet to further decentralize the network. They have seen explosive growth around subgraphs and queries in the DeFi space and on Web3 more broadly. They are grateful to have node operators like Ankr now able to take part in this process.

This is a great addition to the Celo Alliance, their unique applications make them a valuable contributor to the Celo ecosystem. The cLabs team enjoys working with to democratize participation in the Celo protocol.

The Compound API is a winner. It is intuitive, secure and cost effective, enabling all wallet providers and exchanges to gain easy access to the interest rate protocol.

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, The 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.

They 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 they 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.

Where Can You Buy Ankr (ANKR)?

Ankr is a crypto asset that can be found in many different crypto exchanges. The top crypto exchanges for buying, selling and trading of include: