AnKr Protocol Fundamental Analysis

As the crypto market expands with the introduction of thousands of different crypto assets and trading platforms, one needs to build a cheaper, decentralized cloud that could drive global innovation. In this case, AnKr aims to develop a resource-efficient blockchain framework that gives a user-friendly infrastructure for business applications. This platform is designed to combine traditional betting with unsupervised betting, micro-pools, and decentralized management. 

What is AnKr (ANKR)?

Ankr originates as a solution that utilizes shared resources in order to provide easy and affordable blockchain node hosting solutions. It was founded in November 2017 and during its time on the market, it has built a marketplace for container-based cloud services through the usage of shared resources.

This in turn provides developers and enterprise clients with the ability to easily deploy blockchain nodes at a much cheaper price when compared to public cloud providers.

As such, hosting blockchain nodes on Ankr takes away any centralization issues and a single point of failure.

Feature of AnKr Protocol

ANKR platform aims to serve its clients with its advanced features:

•Monitoring

Ankr strives to build a resource-efficient blockchain that can efficiently track the performance of nodes regardless of location and time.

•Alert system

ANKR protocol strives to improve user experience by sending alerts in case of any inconsistencies.

•Ticketing system

Ankr has a computation-resource-efficient blockchain to Solve problems instantly and 24/7 customer support across all time zones that makes it user-friendly.

•Liquidity

Along with maintaining nodes, users can hold or trade staked assets whenever they want to instead of waiting for transactions to be enabled on Ethereum 2.0

AnKr Products

•Run your own Staking nodes

It is a platform that allows earning rewards by operating a node on any blockchain you want in a short time. What makes it unique is its flexibility while creating the node. Users do not need any technical expertise and knowledge of coding. Furthermore, you can control and look after any automated upgrades that are needed. 

To run a personal staking node is a non-custodial choice for users, as you have to keep an eye on your assets by storing your funds in the wallet. The platform is not responsible to store any private keys.

It has built great tools to earn maximum rewards in the form of passive income generated from token holdings and delegations.

•Instant Blockchain APIs for Developers

AnKr in turn offers developers and enterprise customers the capability to easily deploy blockchain nodes at a lower cost when compared to public cloud providers by connecting with one-click API services. It has proved to be an intuitive, reliable decentralized application. Ankr will provide developers cost-effective direct platform integration via the Ethereum network for interaction.

•AnKr for Enterprises

Enterprise solutions comprise Turnkey infrastructure solutions for cryptocurrency exchanges, staking platforms, and data analytics providers. Ankr utilizes blockchain technology as an essential part of the custom enterprise infrastructure to connect with Web3 securely and Blockchain API services for Enterprise staking, dApp development, and data analytics. Ankr originates as a solution that Integrates staking, trading, and custody services to fulfill customer requirements. The main focus of the AnKr node market is to facilitate clients with the capability of deploying nodes by keeping in view on-chain data to power the data analytics platform. On the other hand, the API market provides one-click API solutions in order to be cost-effective by connecting to an API endpoint of protocols to supercharge wallet, CEX, DEX, and other dApps for public blockchains and DeFi protocols.

How is the AnKr Network Secured?

Ankr provides the best user experience and the highest level of security by using a verification node in the block validation process, to ensure network quality and maintenance. What makes its worth is the level of security and actors. Their choice reflects a reputation system. The protocol runs on SGX-enabled as its main component. 

When we discuss off-chain data and its processing, there is a Native Oracle System, or NOS for verified data feed by leveraging both cryptographic primitives and trusted hardware. 

Native Oracle Service transfers between the on-chain smart contracts as well as the off-chain data. This NOS is safe and requires authentication. The Data Source Security, NOS allows real-world business adoption.

ANKR Tokenomics

Ankr tokens are used as the native currency on the Ankr cloud platform. That means cloud providers are being paid for their services in Ankr tokens. This ensures demand for the token. Consumers have to buy Ankr tokens in order to use the platform. Providers have to accept them in order to participate and earn money. There is also a possibility for investors to stake Ankr tokens. In this way, they can earn a continuous passive income. In addition to that, Ankr tokens are being used to fund future platform developments. 

The major exchanges responsible for buying and selling of AnKr (ANKR) are:

1. Binance

2. Huobi Global

3. Upbit

4. CoinTiger

5. HBTC

6. Bittrex

7. Uniswap (V2)

Staking

Ankr's Eth2 staking solution provides a staking protocol and platform that combines staking and DeFi, executing elements from conventional staking with non-custodial management, Micropool, instant liquidity, and decentralized governance.

Micropool

The Micropools mechanism is used to stake as little as 0.5 ETH for breaking down the economic barriers. Micropool allows users to pool with stakers to get a return on investment (ROI).

Stacking Liquidity

Ankr's liquid staking protocol allows you to hold or trade your staked assets whenever you want without having to wait for locking ETH.

The Final Verdict

AnKr Protocol is paving access to an array of blockchains and facilitates users with the ability to deploy staking nodes as well as developer nodes quickly. The mission of Ankr is to leverage decentralized applications and play a vital role in the future of the internet by making the new generation of platforms, applications, and services more private, safe, reliable, and censorship-resistant.