Web3 infrastructure company Ankr unveils its biggest upgrade yet, the Ankr Network 2.0 to tackle the main issue of Web3 protocols which is decentralization.
Ankr Network 2.0 will debut with a full suite of decentralized products and services that will act as crucial infrastructure for the development of Web 3.0 in an effort to address the lack of decentralization in web services.
With the help of Ankr Network 2.0, independent node operators will be able to connect developers and dApps to blockchains and make a profit doing it, further decentralizing the network.
Ankr 2.0 adds three new API services: Query API, NFT API, and Token API to make it easy for querying blockchain data of all types.
According to the Ankr 2.0 whitepaper, these services will support searches across all Ethereum Virtual Machine (EVM) compatible blockchains.
Ankr users will be able to stake their ANKR tokens on full nodes to secure the network and generate revenue with that. Stakers will also be entitled to a 49% share of the user fees spent on Ankr Network for their contribution.
Also Read: Ethereum Virtual Machine: Facts and Functionality
ANKR stakers will also have voting power in the new Ankr DAO governance tool.
The DAO will be used to decide on treasury funds allocations, pricing structure, and nodes’ revenue, and choose which blockchains to onboard.
Just two weeks back, Ankr’s DNS on the Polygon and Fantom network got hijacked. Gandi, Ankr’s web service provider was tricked by the hacker’s fake identity, thus agreeing to change the email address for the domain registrar account.
“Ankr 2.0 is the missing link for Web3 to become decentralized once and for all. It’s a major move forward for the industry to keep innovating towards an infrastructure that can handle mass adoption in the years to come,” stated Chandler Song, Co-Founder & CEO of Ankr.
