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What is Ankr Network?
Ankr Network is a decentralized blockchain infrastructure provider that facilitates the development and operation of Web3 applications. It operates a globally distributed network of nodes across more than 50 Proof-of-Stake networks. Ankr aims to simplify blockchain infrastructure by offering a range of tools and services to developers and enterprises, making Web3 services more accessible.
How does Ankr Network work?
Ankr Network employs a hybrid architecture combining traditional cloud infrastructures with blockchain technology. It uses sharding for enhanced scalability, allowing simultaneous transactions without performance loss. Ankr employs a Proof of Stake consensus mechanism, where validators stake their assets to participate in the validation process. The platform also features specific algorithms for load balancing and node selection to optimise RPC requests, alongside offering automation tools for executing smart contract functions.
What are the potential use cases for Ankr Network?
Ankr Network supports various use cases, such as:
- DApp Development: Providing multichain tools for developing decentralised applications.
- Staking Solutions: Enabling staking and liquid staking on networks like Ethereum 2.0 and Binance Smart Chain.
- Enterprise Solutions: Offering pre-built blockchain solutions for enterprises to interface with Web3 services.
- Gaming and Finance: Supporting scalable solutions for gaming and decentralised finance applications.
- Ankr's infrastructure can also be utilised for supply chain management through its Decentralized Physical Infrastructure Networks (DePINs).
What is the history of Ankr Network?
Founded in 2017 by Chandler Song, Ryan Fang, and Stanley Wu, Ankr Network launched its mainnet in 2019. The initial focus was on decentralized cloud computing, later pivoting to provide comprehensive Web3 infrastructure tools. Over the years, Ankr has expanded its services to include staking, developer API integrations, and node deployments. Its notable milestones include partnerships with Somnia and Stabull Finance, and integration with Polygon to enhance service offerings. The network has also adopted advanced technological features like sharding and Proof of Stake consensus to support its operations.
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Frequently Asked Questions (FAQs)
What is the current price of ANKR (ANKR)?
The ANKR price is $0.05894023 AUD, representing a +12.35% from the day prior.
Where is the best place to buy ANKR (ANKR) in Australia?
The best place to buy ANKR (ANKR) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell ANKR (ANKR) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of ANKR (ANKR)?
The trading volume of ANKR (ANKR) is $50.0M AUD in the last 24hrs, representing a +12.35% from the day prior.
How can I buy ANKR (ANKR)?
ANKR (ANKR) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of ANKR (ANKR)?
The current market cap of ANKR (ANKR) is $600.2M AUD.
Can I convert ANKR (ANKR) to cash?
Yes - With Coinstash you can convert your ANKR (ANKR) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many ANKR (ANKR) are there?
The current circulating supply of ANKR (ANKR) is 10.0B.
Is Coinstash a safe place to buy ANKR (ANKR) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling ANKR (ANKR) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.