Ankr Network 2.0 Upgrade Aims to Improve Web3 Decentralization
Ankr is one of the largest providers of remote procedure call (RPC) endpoints in the crypto space, which are essential for Web3 dApps that connect to blockchains.
New
Decentralized web3 infrastructure provider Ankr Network (ANKR) has introduced its Ankr Network 2.0 upgrade aimed at transitioning blockchains to more resilient node networks.
The upgrade is detailed in the Ankr 2.0 white paper which was obtained by Cointelegraph ahead of its release later today.
The upgrade is to make Web3 more decentralized with several new features, such as an option to run an independent node, the ability to stake ANKR tokens on a full node, and the Ankr DAO.
A spokesperson explained to Cointelegraph:
“The upgrade aims to move more blockchains, and the DApps that flow from them, to more distributed and resilient node networks supported by independent node providers.”
Ankr is one of the largest providers of remote procedure call (RPC) endpoints in the crypto space. RPCs are essential tools that blockchain developers use to build decentralized applications and projects. Every time Ankr handles an RPC request, a node is needed to execute it.
By expanding access to independent node providers, Ankr 2.0 aims to increase the number of nodes and the degree of decentralization on the network to eliminate a single point of failure in the node infrastructure. This also means Ankr's competitors may be able to join the protocol to provide nodes.
The more nodes running on the network, the greater the ability to handle higher RPC request volumes and avoid request failures. Independent node operators will also start earning ANKR awards for the work they do to secure the network.
The upgrade will also allow first-time users to stake their ANKR on full nodes to secure the network and earn income. Entrants will also be entitled to a 49% share of usage fees spent on the Ankr network for their contribution.
ANKR players will also have voting rights in the new Ankr DAO governance tool which will be used to make decisions on cash fund allocations, determine node pricing and revenue, and choose communication channels. blocks to integrate.
Related:
Ankr is one of the largest providers of remote procedure call (RPC) endpoints in the crypto space, which are essential for Web3 dApps that connect to blockchains.
New
Decentralized web3 infrastructure provider Ankr Network (ANKR) has introduced its Ankr Network 2.0 upgrade aimed at transitioning blockchains to more resilient node networks.
The upgrade is detailed in the Ankr 2.0 white paper which was obtained by Cointelegraph ahead of its release later today.
The upgrade is to make Web3 more decentralized with several new features, such as an option to run an independent node, the ability to stake ANKR tokens on a full node, and the Ankr DAO.
A spokesperson explained to Cointelegraph:
“The upgrade aims to move more blockchains, and the DApps that flow from them, to more distributed and resilient node networks supported by independent node providers.”
Ankr is one of the largest providers of remote procedure call (RPC) endpoints in the crypto space. RPCs are essential tools that blockchain developers use to build decentralized applications and projects. Every time Ankr handles an RPC request, a node is needed to execute it.
By expanding access to independent node providers, Ankr 2.0 aims to increase the number of nodes and the degree of decentralization on the network to eliminate a single point of failure in the node infrastructure. This also means Ankr's competitors may be able to join the protocol to provide nodes.
The more nodes running on the network, the greater the ability to handle higher RPC request volumes and avoid request failures. Independent node operators will also start earning ANKR awards for the work they do to secure the network.
The upgrade will also allow first-time users to stake their ANKR on full nodes to secure the network and earn income. Entrants will also be entitled to a 49% share of usage fees spent on the Ankr network for their contribution.
ANKR players will also have voting rights in the new Ankr DAO governance tool which will be used to make decisions on cash fund allocations, determine node pricing and revenue, and choose communication channels. blocks to integrate.
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