Ankr Network seeks to improve Web 3 decentralization by upgrading to version 2.0.

ANKR, a decentralized Web3 infrastructure provider, has introduced its Ankr Network 2.0 upgrade aimed at transitioning blockchains into more resilient node networks.  The upgrade focuses on decentralizing Web3 through some new features.

These features include an option to launch an independent node, the ability to stake ANKR tokens on a full node, and the Ankr DAO. Ankr 2.0 seeks to expand the number of nodes and the degree of network decentralization by increasing access to independent node providers. This eradicates a single point of failure in the node infrastructure. The upgrade allows users to stake their ANKR on full nodes to protect the network and make money. Stakers are also entitled to receive 49% of the user fees spent contributing to the ANKR.

For those unfamiliar with ANKR, it provides a Web3 infrastructure for easy access to various blockchain nodes, APIs, and decentralized cross-chain staking infrastructure. It aims to reduce the barriers for retail and enterprise customers and developers seeking to contribute to the blockchain ecosystem. Over the years, Ankr has collaborated with a variety of prominent partners such as Avalanche, Binance, Blockstack, and Compound to increase adoption and contribution to various blockchain ecosystems.

Source: The Pipsafe Team