Ankr ANKR

Ankr is a decentralised cloud computing platform that provides blockchain infrastructure and Web3 services to developers and enterprises. Founded in 2017 by Chandler Song and Ryan Fang, Ankr launched its ANKR token in 2019 to power its distributed network of computing resources. The platform's core purpose is to make blockchain technology more accessible by offering affordable node hosting, API services, and developer tools across multiple blockchain networks.

How Ankr Works#

Ankr operates as a distributed computing network that connects idle computing resources from data centres and individual users worldwide. The platform uses a proof-of-useful-work consensus mechanism, where participants contribute computing power to run blockchain nodes and provide infrastructure services. Network participants are rewarded with ANKR tokens for sharing their resources, creating an incentivised ecosystem that maintains blockchain infrastructure at scale. The Ankr protocol automatically distributes workloads across the network, ensuring high availability and redundancy for hosted services.

Key Features and Technology#

Ankr's infrastructure-as-a-service model distinguishes it from traditional cloud providers by offering blockchain-specific solutions at significantly lower costs. The platform supports over 50 blockchain networks, including Ethereum, Bitcoin, Polygon, and Binance Smart Chain, providing one-click node deployment and management. Ankr's unique value proposition includes its distributed architecture that eliminates single points of failure, automatic scaling capabilities, and comprehensive API suite for Web3 developers. The platform also offers liquid staking solutions, allowing users to stake tokens while maintaining liquidity through derivative tokens.

Real-World Applications#

Ankr serves as critical infrastructure for decentralised applications (dApps), cryptocurrency exchanges, and blockchain projects that require reliable node hosting and data access. The platform's Remote Procedure Call (RPC) services power millions of blockchain requests daily, supporting everything from DeFi protocols to NFT marketplaces. Major partnerships include integrations with gaming platforms, enterprise blockchain solutions, and institutional investors seeking scalable infrastructure. Ankr's liquid staking services have attracted billions in total value locked, demonstrating significant adoption in the DeFi ecosystem.

Development and Ecosystem#

The Ankr network continues to expand its supported blockchain ecosystems while developing new infrastructure products for the evolving Web3 landscape. Recent milestones include the launch of AppChains for custom blockchain deployment, enhanced staking rewards programs, and partnerships with major blockchain foundations. The project maintains an active development community with regular protocol upgrades and new feature releases guided by ANKR token holder governance. The team focuses on improving network efficiency, expanding geographic distribution of nodes, and developing enterprise-grade infrastructure solutions.

Ankr (ANKR) is available to trade on Penning, Denmark's regulated crypto platform licensed by the Danish Financial Supervisory Authority.