Ankr Price (ANKR)

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 in 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 take away any centralization issues and single point of failure.

Furthermore, public blockchains are able to engage in communities and provide further assistance to their networks. Ankr aims to build an infrastructure platform and marketplace for Web3-stack deployment to enable resource providers as well as end-users to connect to blockchain technologies and DeFi applications.

Note that the Ankr proprietary cloud infrastructure operates independently when we compare it to public cloud providers, and that it is completely powered through geographically distributed datacenters to increase its stability and resilience levels.

Who Are the Founders of Ankr?

The Ankr Network was founded in 2017 at Berkeley University in California as a distributed computing platform that takes advantage of blockchain technologies.Co-founder Chandler Song worked as an engineer at Amazon Web Services and serves as CEO, while the other co-founder Ryan Fang worked as an investment banker at Morgan Stanley.

Chandler Song introduced Ryan Fang to Bitcoin and blockchain during their freshman year back in 2014, where he talked him into buying 22 Bitcoin together. In 2017, those bitcoins became the seed that funded the Ankr project.

Together, they acknowledged the potential of the cloud computing market as an infrastructure that could drive global innovation. This led them on a mission to build a cheaper, decentralized cloud.

What Makes Ankr Unique?

The Ankr network is created to provide a new blockchain solution that leverages idle computing power from devices and data centers as a whole.

It is a platform that enables the sharing economy, where any customer can access resources at a more affordable rate, while also providing enterprises with the ability to monetize on their spare computing power that is not being utilized. It is unique in the way that it is the first one to use trusted hardware, and as such this ensures a high level of security.

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How Many Ankr (ANKR) Coins Are There in Circulation?

The current circulating supply of ANKR is set at 6,496,232,711 coins. They are at a trading volume of $49,811,009 USD. Ankr coins have a max supply of 10,000,000,000 ANKR coins.

The ERC-20 and BEP-2 tokens are used in order to provide liquidity and trading on the exchanges, and the native Ankr token Is required to access blockchain functions.

How Is the Ankr Network Secured?

Ankr utilizes verification nodes in the block validation process, and as such can ensure that the quality of the network itself is maintained and that any bad actors are removed from the system.

In order to ensure that the system remains secure and that only good actors are picked, Ankr employs a reputation-based system. This filters actors based on node contributions. Furthermore, a performance test is used to fairly distribute their differing computational resources based on their workload.

Ankr also employs the intel SGX as its main component. This allows for a high level of security against certain hardware and software attacks due to the fact that it processes executions inside of the hardware itself.

When we discuss off-chain data and its processing, there is a Native Oracle System, or NOS for short, that transfers between the on-chain smart contracts as well as the off-chain data. This NOS is secure and requires authentication.

The Data Source Security itself is handled through TLS 1.2,1.3 and Perfect Forward Security, or PFS.

Where Can You Buy Ankr (ANKR)?

Ankr is a crypto asset that can be found in many different crypto exchanges. The top crypto exchanges for buying, selling and trading of Ankr (ANKR) include:

Upbit

Bithumb

Houbi Global

Digifinex

Bittrex, and

Uniswap (V2)

The number of exchanges trading Ankr have decent liquidity for Ankr tokens, and will probably not have too much slippage on large block orders as a result.

Here’s a step-by-step guide to teach you all about crypto and how to buy your first coins.