Sunday, December 10, 2023

Ankr Network upgrades to make Web3 more decentralized.

Ankr Network, a decentralized Web3 infrastructure provider, has upgraded to 2.0 for transitioning blockchains into more resilient node networks. It centers around making Web3 more decentralized through several new features like an option to run an independent node and the ability to stake ANKR tokens on full mode.

A spokesperson for the Ankr Network highlighted that the upgrade aims at transitioning more blockchains and the DApps built on them. It will make the network more distributed and resilient node networks supported by independent node providers. Ankr is considered one of the largest remote procedure call (RPC) endpoint providers in the crypto space. Blockchain developers use RPCs to build decentralized apps and projects. Whenever an RPC request is handled, a node is required to fulfill it.

Basically, Ankr 2.0 intends 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. Moreover, competitors will be able to join the protocol to provide nodes; the more nodes, the greater the ability to handle higher RPC request volumes. This will also prevent failed requests. Independent node operators have the chance to earn ANKR rewards for the work they do in securing the network.

Users, through the upgrade, can stake their ANKR on full nodes to secure the network and earn income. Stakers will be entitled a 49% share of the user fees spent on Ankr Network. Furthermore, stakers get voting power in the new Ankr DAO governance tool. This will be used to make decisions on allocations of treasury funds, determining pricing and revenues for nodes, as well as choosing which blockchains to onboard.

Ankr 2.0 has three new API services for developers. The API services are designed to simplify querying blockchain data of all types. It includes APIs which reduce time spent searching blocks for addresses and events and allow searches across any EVM-compatible blockchain supported by the network. It also allows searches for ownership history and metadata of NFT across six different blockchains.

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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