Ankr Network

Markus Loiola
Sep 5, 2018 · 4 min read

0. Informationen

0.1 About ICO

Ankr Network is an innovative platform designed to create a distributed cloud computing system based on a resource-efficient blockchain architecture for building business applications. Ankr is the first cloud computing solution to use Intel SGX hardware in combination with blockchain technology. The new SGX hardware of the 6th generation of Intel processors enables a secure environment that is protected from unauthorized access. Through this generation of processors, Intel dominates over 65% of the processors market.

0.2 Problem

Cloud computing will gain more and more value in the future and thus become a trillion dollar market. Unfortunately, only the already established giants like Dropbox or Google can bear these huge fixed costs. This makes it difficult for new companies to launch their own cloud computing systems.

0.3 Solution

Ankr Network makes it possible to use a resource-efficient blockchain framework. The combination of SGX hardware and the blockchain enables Distributed Cloud Computing (DCC). This network is maintained by the Proof of Useful Work and enables everyone to participate in cloud computing.

1. Team, Advisors, Partners & Investors

1.0 Team

1.1 Advisors

1.2 Partners & Investors

2. Structure / Concept

Instead of wasting a lot of computing power, as with the Proof of Work protocol, the Proof of Useful Work (PoUW) consensus uses resources for meaningful work tasks for companies and consumers.

The protocol runs on SGX-enabled CPUs with remote certification to ensure security and in the system.

This directs the focus to the tasks of the users and thus generates a larger volume of the computing power used. The solution of a block which is the main source of income for the PoW will only be an extra.

Through the integration of Oracle Services, data from existing websites is used via an API interface with a cryptographic execution environment (TEE). This enables the transfer of entire businesses to the Blockchain network.

Plasma Mutlichain processes orders such as smart contracts so that the main chain is not unnecessarily burdened and the system can continue to exploit its full potential. On this basic basis, transactions can generate a main order on the main chain and various sub-processes on the side chain, for example.

3. Product

Since the product embodies a digital service, the source code is visible at Github. Here is the link to source code: https://github.com/Ankr-network

4. Financial

Token Symbol: ANK

Token Type: ERC20

Hardcap: 16 Millionen

Available for Tokensale: 30%

Pre-Sale: Only Private

Public-Sale: Q3 2018

Countries excluded: Residents of U.S / Canada / China / South Korean /Barbados & other FATF countries like Ethiopia, Iraq, Serbia, Syria, Trinidad and Tobago, Tunisia, Vanuatu, Yemen, Iran, North Korea are not able to participate

5. Whitelist / KYC

Whitelist: TBA

KYC: TBA

6. Transparency

OneLedger has a very transparent structure. It is described in the whitepaper down to the smallest detail how everything works and the source code is freely available on Github.

7. Risk Level

We consider an investment in this ICO to be low risk.

8. Additional / Special

Ankr Network’s ICO already has a telegram community of over 17k members. In addition, large investors are also involved, who have already helped to shape a number of large ICOs.

9. Conclusion

The Ankr-Network offers a complete and feature-rich working environment that may be in great demand in the future. Partnerships such as with Pantera Capital are very advantageous for the project, as this company has already brought numerous and huge ICO’s onto the market. The Proof of Useful Work combined with the system of Intel SGX processors enables a fast and resource-saving system with side chains. There are already many Cloud Computing systems on the market, whereby one must say clearly with the Ankr network that it possesses a large Potenzial.

 by the author.

Markus Loiola

Written by

Blockchain enthusiast and ICO consultant / specialist 💠 Become a blockchain & cryptocurrency expert 📲 DM to finally earn money with crypto

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