Ankr Network is a leading Web3 infrastructure provider. The platform has announced a unique implementation of staking for a variety of node providers on the Ankr Network. Thanks to the Ankr Network, Web3 users can stake to full and archive nodes on blockchains to receive a portion of the fees paid to node operators for exposure to blockchains.
The Ankr Network connects a global network of operators who run corporate-grade nodes with Web3 developers, dApps, and businesses to support crypto transactions. This basic infrastructure technology enables blockchain networks to operate quicker and more efficiently.
The Web3 infrastructure provider recently unveiled the Ankr Network 2.0. The upgrade details the company’s move from a centralized infrastructure platform to a decentralized infrastructure protocol. This move is Ankr’s biggest upgrade to date. As a result, the Ankr Network stands out as a distinct, decentralized infrastructure provider.
ANKR Tokens Will Unlock New Potentials on Ankr
All holders of the ANKR tokens now have the chance to directly contribute to the development of Web3 systems. This is all thanks to the launch of the ANKR token staking. The recent upgrade to the network is an exciting game-changer report Altcoinbuzz.
The Ankr Network processes approximately seven billion traffic requests every day. And the 2.0 update enables node providers to join the Ankr network. It also allows ANKR token holders to stake and profit alongside the node providers.
Reacting to the upgrade, Greg Gopman, Chief Marketing Officer at Ankr, said, “Today marks a monumental achievement for Ankr. One where we have moved from a centralized infrastructure provider to a truly decentralized protocol solution, where token holders can contribute and earn across the network with us. This puts Ankr in a class of its own, as not only one of the best technology companies in the industry but one of the best pure plays for aligning with Multichain growth across Web3.”
More Details on the Upgrade
Ankr is not a proof-of-stake blockchain. It, however, supports all major PoS blockchains. This is because it runs a wide network of nodes on both the development layer (full nodes) and the consensus layer (validator nodes).
Some of the top blockchain platforms currently benefit from Ankr. The blockchain infrastructure provider presently handles over 80% of blockchain traffic on BNB Chain, Polygon, and Fantom. As Ethereum finalizes its move to a POS blockchain, Ankr has an even bigger opportunity to emerge as a major player on Ethereum. Ankr has a reputation for being low-cost and fast.
Furthermore, staking will play a huge role in the Ankr Network. It would grant node providers, token holders, and community members the chance to perform certain actions and contribute to the platform. Ankr staking will take place like regular staking. Stakers will contribute to the network’s security. And also participate in the rewards.
So, node providers must self-stake 100,000 $ANKR to their nodes as an insurance deposit in order to be eligible to serve RPC traffic flowing to the Ankr Network. Additionally, token holders will be able to show support for certain Ankr Network node providers by staking ANKR to back their nodes.
Community members can actively participate in determining which service providers are credible, effective, and deserving of a reputational boost by delegating ANKR to node providers.
The node providers and stakers will be rewarded with ANKR tokens for their services once these nodes are fulfilling blockchain requests on the Ankr Network.
Ankr to Experience a New Wave of Growth
Based on projections, 70% of the token will be distributed to the node. And 51% of the tokens will be divided to node providers. Then, individual stakers will receive 49%.
The Ankr Treasury, run by the Ankr DAO and managed by holders of ANKR tokens, will receive the other 30% of the tokens.
The new upgrade will trigger a new wave of growth on Ankr. The infrastructure provider has already established the largest global node network in the sector, laying the groundwork for Web3’s future. It presently provides RPC services for 18 blockchain partners and serves about 250 billion blockchain requests per month across 30 distinct chains. This makes it the largest RPC provider in the sector.