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ANKR - And the future's decentralized Web3

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by COINS NEWS 5 Views

If you follow the Web3 space you must have come across ANKR.

The idea was set in motion back in 2017 and continues active development to this day.

Unlike your average crypto, with the focus on transactions and smart contracts, ANKR does most of its work in the background.

Indeed it is, through the words of ANKR’s clients (Electroneum): “The best RPC provider in the world, and the most reliable connection to Web3 available.”

Now what exactly is a RPC (Remote Procedure Call)?

Imagine you are a developer and you are building an application which needs to do some work on a certain blockchain.

RPC’s allow you to simply, through existing API and using existing connection NODES, access blockchain functionality and data.

Without RPC’s every developer would have to manually establish connections to the blockchain, handle data collection, protocols, compatibility, etc.

Simplified, RPC’s are like using a “Unity 3D” software to make games.

Without it, you would manually have to build a game engine from scratch.

Lets compare ANKR to its main competition:

Infura

Supports 19 RPC chains

Tatum

Supports 35 RPC chains

Alchemy

Supports 36 RPC chains

QuickNode & ANKR

Supports 60+ chains.

GetBlock

Supports 80 chains

But what is most important is that through 2024, the support for chains has grown from 17 to today's 60.

Of course ANKR does a lot more than just RPC's.
With rumours of NEURA going live, new chains support (3 already added in 2025) and extended functionality - 2025 is looking to be a strong year for ANKR.

The token, used for the payment of fees on the ANKR blockchain, currently trades under $0.04 with a market cap of almost $400MIO. Excelent investment opportunity.

Not financial advice.

submitted by /u/os_enty
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