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.
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.
Ankr Network supports various use cases, such as:
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.