The Ankr 2.0 Whitepaper

Ankr’s biggest release yet, a TL;DR of Ankr Network upgrades, and a word from our founding team.

“Ankr 2.0 is the missing link for Web3 to become decentralized once and for all. Allowing blockchains to work with multiple infrastructure providers on a single network has always been the dream for greater speed, reliability, and decentralization. Now with the Ankr Network, that’s all possible. It’s a major move forward for the industry to keep innovating towards an infrastructure that can handle mass adoption in the years to come.”

–Chandler Song, Co-Founder & CEO

READ THE WHITEPAPER NOW

Some Important Points

This is the biggest update to ever happen to Ankr since launching our node infrastructure solutions.
Ankr Network 2.0 will evolve how the infrastructure needs of the entire Web3 industry are met with ANKR token utility as a focal point for the first time.
This is the most robust and scalable solution that exists to provide a decentralized RPC service to power the future of Web3.

Why Ankr 2.0? Changing The Web3 Industry

There have long been concerns that Web3 is not as decentralized as many thought as the majority of its server (node) infrastructure for underlying blockchains is hosted by centralized companies and data centers. Ankr Network 2.0 solves this crucial problem with new decentralized web services — a protocol that allows independent node operators to connect developers and dApps to blockchains and earn rewards while they do it.

What’s In the New Whitepaper?

The new whitepaper describes how Ankr Network 2.0 works! We are decentralizing our RPC service that connects devs, dApps, wallets, and all kinds of projects to 17+ blockchains. In the whitepaper, we break down how independent node operators serve requests to blockchains alongside Ankr-run nodes, how developers access RPC services, how new ANKR token staking works, how the new DAO will govern operations, and much more.

Independent node providers to run full nodes and earn rewards

Independent node providers can serve traffic and earn rewards on the Ankr Network. Organizations that already run full nodes for their own projects can also connect to the Ankr Network to earn rewards when their project isn’t using 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 fast, reliable, and decentralized RPC layer

As independent node providers power Ankr Network, this means that the developers, dApps, wallets, and all other projects using the service now have a decentralized means of connecting to blockchains. All of these parties pay-as-they-go when making requests to blockchains (around 7.2 billion per day total), and this income is split between node providers and the community of stakers that helps secure the full nodes.

The Ankr community receives enhanced token utility & staking

On the new decentralized Ankr Network, the ANKR token plays a central role in all operations:

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 help secure the network and share in the rewards (the first ever instance of staking to full nodes).

Anyone can stake to full nodes on Ankr Network and earn rewards for all RPC traffic served. By creating a decentralized infrastructure marketplace and economy, Ankr Network will scale to accommodate the ever-increasing amount of web3 usage and allow more stakeholders to benefit from its growth.

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