Blockchains depend on “nodes” to form their infrastructure. Each node represents a computer processor; one could even be a personal computer. In Proof of Work (PoW) chains, each node works at the same time to build the blockchain. In Proof of Stake (PoS) chains, the protocol calls on one node at a time at random to build the chain. That’s why PoS chains are said to be much more energy efficient. Only one computer works at a time instead of all of them.
Josh Neuroth is the Head of Product at Ankr, the leader in decentralized Web3 infrastructure. Ankr is a system the pools together nodes from all over the world and lends a portion of that decentralized node infrastructure to blockchains that need more more power and reach. That way, individuals don’t have to sign up for particular blockchains. They can just sign up for Ankr. Nor do blockchains need to find individual nodes. They can just sign up for Ankr.
Josh was previously the Senior Director of Product & Marketing at Cyxtera Technologies and VP of Product at Inflect. His passions and professional experiences have inspired his mission to build a better, more open web.
Korea IT Times interview him about how Ankr works, some products they provide, and their token. We also talked about the future of Ankr in this industry and its potential to succeed. Finally, we touched on their partnerships with other projects.
Can you tell us a little bit about Ankr?
Ankr provides decentralized Web3 infrastructure with an array of blockchain nodes globally distributed across many different Proof-of-Stake networks. This infrastructure helps drive the growth of the crypto economy while powering a full suite of multi-chain tools for Web3 users.
What solutions does Ankr offer for Web3 developers?
Ankr provides RPCs (Remote Procedure Calls) and APIs (Application Programming Interfaces) that make blockchain development easy. Developers need these tools in order to connect their decentralized applications to the blockchain of their choice without having to run their own nodes. Ankr also offers products for blockchain enterprises so they can integrate nodes, gaming SDKs, staking solutions, data analytics, and more.
Will Ankr become the new ‘go-to’ ecosystem for dApp development?
The next breakthrough in the Web3 industry is the transition to decentralized node infrastructure. If you are a dApp using centralized infrastructure providers, you aren’t within the ideal principles of Web3. Decentralized infrastructure provides the final layer of censorship resistance and autonomy that dApps seek.
Is it conceivable for Ankr to take over from AWS in terms of cloud computing infrastructure?
Ankr’s hope is that centralized providers like AWS won’t play the biggest role in Web3. Having decentralized infrastructure means we can create a more open, user-owner and operated internet. That means we as users benefit from the economic incentives of providing cloud computing infrastructure ourselves. And we reap the rewards instead of mega-companies like Amazon.
Can you explain the Ankr tokenomics infrastructure?
Ankr creates a decentralized infrastructure ecosystem and marketplace fueled by the ANKR token. Ankr’s tokenomics come full circle in our new economy: Developers pay for access to on-chain data, independent node providers serve blockchain requests to earn ANKR, and stakers contribute ANKR to nodes to share in the rewards.
How is Ankr positioned in terms of industry partnerships, media connections, and technical expertise?
Ankr is partners with some of the largest protocols and crypto exchanges in the world. We provide the underlying infrastructure for an incredible number of dApps. Our team has experience at AWS, Oracle, Google, Yandex, Ethereum, BitGo, Goldman Sachs, and more. And Ankr has been covered widely by media outlets like Forbes, Investopedia, Coin Telegraph, CoinDesk, and many more.
Ankr is multi-chain and industry agnostic, yet says it is deeply committed to the Polkadot network? Why is this?
Ankr has done a lot of work around the Polkadot ecosystem exactly because they promote a multi-chain future with their parachains. Having so many individual projects and blockchains be able to experience interoperability by connecting through a relay chain is a great concept. However, we are equally committed to creating solutions for as many blockchains as possible for the end goal of making developers’ lives easier and giving all projects a chance to thrive in Web3.
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