- Ankr is a blockchain-based decentralized framework that provides a seamless connection between developers and blockchain.
- This protocol simplifies user interaction and complex operations to enable quick and secure access to multiple Web3 technologies.
Ankr protocol played a pivotal role in the wider adoption of blockchain technology. Web3’s integral role across the decentralized ecosystem not only provides platform growth but also becomes a crucial aspect in providing development opportunities for stakers, application developers, and other Decentralized Finance (DeFi) participants. This protocol is paving its way toward simplifying user interaction with different blockchains. It provides a streamlined and simple operation to execute complex tasks so that users can securely access multi-blockchain platforms.
What is the Ankr (ANKR) Protocol?
It provides a decentralized Web3 infrastructure that helps to establish a swift connection between stakers, dApps, blockchain, and developers. Ankr API and RPC help to quickly build Web3-based apps efficiently while a staking feature is also provided to help users with earning opportunities. This protocol enables custom solutions for any blockchain-based enterprise requirements.
The Ankr platform simplifies the processes involved in establishing a secure and stable connection, making it easier for users to participate in Proof-of-Stake (PoS) blockchains. It provides custom tools and services that help users in node deployment, staking of PoS tokens, and accessing decentralized finance (DeFi) apps. This platform was initially launched as a Distributed Cloud Computing Network that utilizes idle computing resources.
It doesn’t rely on any single provider’s infrastructure and allows users to access cloud computing services. This protocol provides a wide spectrum of tools and features like node hosting, valuable insights, automated notification, and staking pools. All these features make it easier to participate in Web3 effortlessly.
About Ankr AppChains
AppChains are application-specific blockchains or they can be called Subnets and Supernets. At its core, Appchains represent new scalability solutions where a single blockchain application operates on its own particular blockchain. It provides various solutions such as:
Improved Scalability: AppChains are specific blockchains that facilitate only a single application. It helps to scale traffic to leverage multiple users.
Custom Features: They are highly customizable and tailored for programming languages, consensus algorithms, development infrastructure, and security concerns to serve industry-grade use cases.
Enhanced User Experience: It provides benefits such as low or zero gas fees, along with fast transaction speeds that ensure a seamless experience while using an application.
Streamlined Development and Deployment Plan: Ankr AppChains serves as an end-to-end development solution for the building of dedicated blockchain where each building block is taken care of. Its Exchange Readiness Program allows Web3 projects to get their specific tokens listed on major decentralized exchanges (DEXs) quickly.
Recurring Revenue Stream: Users can also become a network owner instead of being a tenant. It helps to collect global gas revenue from the transaction validation process and generates a revenue stream to empower projects.
Conclusion
Currently, decentralized applications (dApps) are often facing potential challenges such as high gas fees, network congestion, transaction complexity, cyber threats, and many other limitations that are hurdles in the way of Web3’s mass adoption. Many of these problems can be addressed by dedicating a specific Layer 1 chain to every application. However, the main challenges in the integration of this method are high technical expertise and monetary costs, which could be hurdles for the development of blockchain-based applications’ wider adoption.