Thursday, September 29, 2022
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What is Ankr (ANKR)?

Chandler Song and Ryan Fang founded Ankr in 2017, with a mainnet launch planned for 2019. It provides a set of Web3 (AKA Web 3.0) tools that allow developers, apps, and stakeholders to access the infrastructure of various blockchains from a single decentralised platform. 

Everyone may run an Ankr Protocol node and earn rewards for servicing requests to blockchains all over the world. On the other hand, developers and projects who do not wish to build up and manage their own nodes may pay to use the Ankr Protocol’s decentralised node infrastructure. Ankr can also be used by users who wish to stake or become validators across many blockchains.

Staking on Polygon (MATIC), Ethereum (ETH), BNB Smart Chain (BNB), Avalanche (AVAX), Polkadot (DOT), and Kusama is presently supported by Ankr (KSM). ANKR is also used to operate Ethereum 2.0 nodes for a monthly fee in exchange for a streamlined validator experience.

Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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