Ankr (ANKR), an Ethereum-based token project, is a Web3 infrastructure and cross-chain staking DeFi platform aiming to enhance efficiency in blockchain ecosystems by creating dApps, hosting nodes, or staking.
Ankr has been designed and developed based on a new vision of the internet that relies on distributed ledger technology, decentralized, more private, and secure applications, protocols, and systems for users. The main idea is to eliminate the need for central authorities and intermediaries by giving users and network participants ownership and control over data and applications.
Founded in November 2017 by CEO Chandler Song, Ankr aims to create an easily accessible platform for the development of the decentralized internet, also known as Web3, using shared resources to provide easy and affordable Blockchain node hosting solutions. Ankr is a blockchain-based cross-chain infrastructure with a DeFi platform that allows staking and developing dApps. It hosts various protocols related to the development of dApps and the DeFi sector.
Throughout its presence in the market, Ankr has created a marketplace for carrier-grade cloud services using shared resources. This offers developers and enterprise clients the ability to deploy Blockchain nodes at a much lower cost compared to general cloud providers. Thus, hosting Blockchain nodes on Ankr eliminates any centralization issues and single points of failure.
With Ankr, public Blockchains can become part of communities and provide more help to their networks. Ankr aims to create an infrastructure platform and marketplace for Web3 stack deployment, allowing both resource providers and end-users to connect to Blockchain technologies and DeFi applications.
Ankr's proprietary cloud infrastructure, although operating independently compared to general cloud providers, draws power from fully geographically distributed data centers to increase levels of stability and resilience.

ANKR, an Ethereum token powering Ankr, a Web3 infrastructure and cross-chain staking DeFi platform that aims to make it easy and affordable for anyone to participate in blockchain ecosystems by creating dApps, hosting nodes, or staking. ANKR is the native token of the network and has multiple utilities including payments and access to distributed applications on the network, staking, and voting on governance proposals.
The ANKR token can be used for payments for services on the Ankr platform, such as node deployment and API services, participating in on-chain governance, and also acts as insurance for network participants.
The ANKR token can be used for making payments for services. The Ankr platform, such as node deployment and API services, participates in on-chain governance and also serves as insurance for network participants. Ankr uses data centers' idle compute resources to help developers and enterprise clients deploy blockchain nodes at a lower cost than general cloud providers.

ANKR is a utility token with multiple use cases. It can be used as a payment method for services such as staking, voting on governance proposals, and accessing services on the ANKR network like dApp and protocol deployment.
ANKR also serves as a reward for stakeholders and network participants. While powering the ANKR ecosystem, its main benefit is being tradable in the crypto market.

The maximum supply of ANKR is 10,000,000,000 tokens. ANKR has a limited supply, meaning no new tokens will be minted after the total supply is exhausted unless changes are proposed and voted on by network participants. The limited supply serves as an anti-inflation mechanism, suggesting ANKR could be a good store of value in the long term.
The circulating supply is 7,662,899,377 ANKR. ERC-20 and BEP-2 tokens are used in exchanges to provide liquidity and trade, requiring the native ANKR token to access Blockchain functions. It has been named by Capital as one of the "coins to watch" in 2021, alongside several other altcoins in the DeFi space.
Although ANKR currently relies on the Proof of Work protocol used by the Ethereum network, it is not a token that can be mined in the traditional sense.
While ANKR tokens can be staked on the network, the staking protocol Stkr, as previously mentioned, allows staking of ETH in exchange for aETH. Stkr is based on the Proof of Stake mechanism and represents the computing power and storage market. Staking ETH and ANKR in the Stkr protocol allows users to profit based on the validity of their stake.

The Ankr network was established in 2017 as a distributed computing platform leveraging Blockchain technologies at the University of California, Berkeley. Founding partner Chandler Song, after working as an engineer at Amazon Web Services, served as CEO alongside co-founder Ryan Fang, who worked as an investment banker at Morgan Stanley. Since its foundation, Ankr has become a global network of professionals working towards creating a functional Web3 infrastructure.
Chandler Song introduced Ryan Fang to Bitcoin and Blockchain in 2014 during their freshman year and persuaded him to buy 22 Bitcoins together. In 2017, these Bitcoins became the seed funding for the Ankr project.
Together, they recognized the potential of the cloud computing market as an infrastructure capable of driving global innovation and directed their efforts towards creating a cheaper, decentralized cloud.
The Ankr team consists of people from 16 different countries worldwide, working to decentralize the web and provide easy access to Web3 applications and staking protocols. Ankr now hosts over 40 different protocols for development and staking, continuing to grow as a global decentralized network facilitating easy access to Web3.
Initially hosted on the Ethereum Blockchain, ANKR was launched as an ERC-20 type token but now also has BEP-2 native versions available. In 2019, the Ankr mainnet was launched, and in 2020, the team introduced a staking protocol named Stkr. As the infrastructure of Web3 continues to expand, Ankr is evolving alongside it.

Following the launch of the Ankr mainnet in 2019, the development team behind the ANKR project initiated a staking protocol called Stkr. Stkr allows users to stake Ethereum (ETH) in exchange for aETH, representing future earnings from the staked balance. Network participants are rewarded in this manner for staking through the Stkr protocol. Similarly, users can deploy development nodes, create dApps on the network, deploy betting nodes, and enjoy the benefits of staking on the ANKR Web3 platform.

The Ankr network has been created to offer a new blockchain solution that leverages idle computing power from devices and data centers.
Ankr represents a valuable project complementing the DeFi and cloud storage sectors by completing the staking of ETH 2.0 and ANKR tokens. As ANKR aims to decentralize the internet and provide easy access to Web3 and its associated functionalities, the project facilitates functional corporate solutions, developer APIs, and shared node facilitation.
It is a platform that offers a sharing economy where any client can access resources at a more affordable rate, also enabling businesses to monetize unused spare computing power. Unique in being the first to utilize trusted hardware, it provides a high level of security.

Ankr operates as a global company dedicated to creating and developing the next generation of decentralized internet. It uses DLT-supported computing power to facilitate distributed data resources at lower costs through data centers, supporting the decentralization of applications and staking nodes and supporting Web3 infrastructure. Developers and stakers can easily create and deploy, stake their balances, and develop dApps.
Ankr staking is supported by the Stkr protocol, launched in 2020, which supports the staking of ETH in exchange for ETH, creating a system with high liquidity for future stakers of Ethereum 2.0, representing the value of staked ETH plus expected returns based on the staked balance.
Ankr aims to support more Blockchain protocols as part of its work on developing a more private and secure decentralized internet, Web3.

Ankr is secured through the use of computing power to distribute blocks across the network and support the deployment of developer APIs, corporate solutions, and staking protocols.
Ankr uses verification nodes in the block verification process, thus ensuring the quality of the network is maintained and any bad actors are removed from the system. Ankr employs a reputation-based system to ensure the network remains secure and only good participants are selected. This system filters participants based on their contributions to nodes. A performance test is also used to distribute different computing resources fairly according to workloads.
A key component of Ankr is the use of intel SGX. This provides a high level of security because executions are processed within the hardware itself, protecting against certain hardware and software attacks.
When reviewing off-chain data and processing, there is a Native Oracle System or NOS for short, that transmits between off-chain smart contracts and off-chain data. This NOS is secure and requires authentication.
Data Source Security itself is processed through TLS 1.2,1.3, and Perfect Forward Security or PFS.
Ankr's security is ensured through the use of validator nodes randomly selected from the node pool. The system is designed so that all stakers have a chance to be selected, not just those with the largest balances. Selection is based on service level and positive contributions of nodes rather than the amount staked.

Although Ankr is not the only DLT project aimed at decentralizing the internet and contributing to the development of Web3, it stands out as one of the leading projects in the DeFi sector. Hence, Ankr produces a unique project that supports the development of a decentralized, more secure, and more private internet. Ankr is particularly proficient in using Intel SGX, a core component of the system that allows the execution of dApps within the hardware system. This enables ANKR to offer cost-effective solutions for developers and businesses.
As a unique project, Ankr encompasses functional options for developers, stakeholders, and other network participants.

Ankr operates in a highly volatile market. This means the value of ANKR can change rapidly in response to market turns and various influential factors. The crypto market is more volatile than traditional financial markets, indicating that sharp price changes are a characteristic of the still-maturing digital asset market.
The price of ANKR is influenced by various factors including the limited supply of 10 billion ANKR tokens, serving as an anti-inflation mechanism. Ankr could also be affected by broader economic conditions, such as the major recovery experienced by most cryptocurrencies in the first quarter of 2021. Developments, updates, and upgrades such as the launch of the Stkr staking protocol and the ANKR mainnet are also factors defining and determining the market price of ANKR tokens. The true value of Ankr largely defines its technology, technical capabilities, and use cases.

Users can participate in ANKR in three different ways: by running and staking their own nodes, developing and deploying applications, or accessing corporate solutions. Network participants can effortlessly deploy their nodes, secure the network, and provide seamless operations for developers and enterprise users to access Web3 easily and cost-effectively.
As Ankr acts as a cloud computing network offering solutions for businesses and developers to benefit from the new decentralized internet, its developer APIs enable developers to use and deploy all types of blockchain applications at a low cost. Ankr offers ETH 2.0 staking through the Stkr protocol, allowing stakers to profit based on their staked balances. The Ankr network consists of mining nodes, data center nodes, and computing nodes.
Computing power is distributed through clients for low-cost operations within the development and determination protocol. Therefore, Ankr significantly contributes to the DeFi sector and the development of the decentralized network.

The ERC-20 ANKR token can be stored in any wallet that supports Ethereum, and the wallet you choose will likely depend on what you want to use it for and how much you need to store.
Hardware wallets or cold wallets like Ledger or Trezor offer the most secure option for storing cryptocurrencies with offline storage and backup. However, they may require more technical knowledge and are a more expensive option. Therefore, they may be more suitable for more experienced users for storing larger amounts of ANKR.
Software wallets like Atomic offer another option, are free, and easy to use. They can be downloaded as smartphone or desktop applications and can be custodial or non-custodial. With custodial wallets, the service provider manages and backs up your private keys on your behalf. Non-custodial wallets leverage secure elements on your device to store private keys. While convenient, they are considered less secure than hardware wallets and may be more suitable for storing smaller amounts of ANKR or for relatively novice users.
Online wallets or web wallets are also free and easy to use, accessible via a web browser on multiple devices. However, they are considered hot wallets and may be less secure than hardware or software alternatives. As you are likely to trust the platform with your ANKR tokens, choose a reputable service with a history of security and custody.