What is ANKR? What is ANKR coin

ANKR is a decentralized remote computing platform that offers on-demand access to computational resources for blockchain developers, enabling cost-effective and scalable blockchain development.

Oct 04, 2024 at 09:35 pm

What is ANKR?

Definition:ANKR is a decentralized platform that provides remote computing services for blockchain applications. It enables developers to access on-demand computing resources without the need for dedicated hardware or infrastructure.
Purpose:ANKR's goal is to make blockchain development more accessible and scalable by providing a cost-effective and efficient way to run computational tasks. It aims to reduce the barriers to entry for developers and accelerate the adoption of blockchain technology.
How it Works:ANKR operates a network of geographically distributed data centers that host computing nodes. These nodes are available for rent by developers who need to execute tasks such as data processing, machine learning, and dApp deployment.
Benefits:
Cost-effective: ANKR provides computing resources at a fraction of the cost compared to traditional cloud providers.
Scalable: ANKR's network can allocate resources dynamically based on demand, ensuring that users have access to ample capacity.
Decentralized: ANKR's platform is operated by a distributed network of servers, providing resilience and security.
Accessible: ANKR's user-friendly interface and API integration makes it easy for developers to utilize its services.

What is ANKR Coin?

Definition:ANKR coin is the native cryptocurrency of the ANKR platform. It is an ERC-20 token built on the Ethereum blockchain.
Role:ANKR coin is used to incentivize participation in the ANKR network. Node operators earn ANKR tokens for providing computing resources, while users pay ANKR tokens to utilize the services.
Token Distribution:The ANKR token supply is divided as follows:
20% - ANKR team
80% - Initial Coin Offering (ICO)
Value:The value of ANKR coin is determined by supply and demand, as well as the perceived value of the ANKR platform. It is influenced by factors such as:
Platform adoption and usage
The demand for blockchain computing resources
The overall cryptocurrency market conditions

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

RAIN

$0.007852

113.00%

Trade Now
PIPPIN

$0.06097

51.96%

Trade Now
PARTI

$0.1396

42.04%

Trade Now
WAVES

$0.9141

41.69%

Trade Now
ARC

$0.04302

35.73%

Trade Now
HONEY

$0.01029

21.80%

Trade Now

Latest Crypto News

Crypto Crossroads: Bitcoin Price Reacts to Fed Jitters Amidst Shifting Sands
2026-02-02 05:05:02
Justin Sun, Tron, Manipulation Allegations: New Bitcoin Strategy Meets Lingering Controversy
2026-02-02 05:05:02
Bitcoin Eyes $77K as Michael Saylor Reaffirms Unwavering Conviction Amidst Market Swings
2026-02-02 05:00:02
Altcoin Season on the Horizon? ETH, XRP, SOL, ADA Face Potential 184x Gains Amidst Shifting Crypto Landscape
2026-02-02 05:00:02
Bitcoin ETF News: Latest Updates Drive Investment and Market Dynamics
2026-02-02 04:50:02
Rare Royal Mint Coin Error Fetches Over £100: The 'Fried Egg' £1 Coin Phenomenon
2026-02-02 04:45:01

Related knowledge

Understanding the composition of a liquid staking token's yield

Jul 20,2025 at 09:07am

What Is a Liquid Staking Token?A liquid staking token is a representative asset issued to users who stake their native cryptocurrency on a proof-of-st...

Is it better to stake directly or use a liquid staking service?

Jul 22,2025 at 08:21pm

Understanding the Basics of StakingStaking in the context of blockchain and cryptocurrency refers to the process of locking up digital assets to suppo...

What to do during an LST depeg event

Jul 20,2025 at 04:57pm

Understanding LST Depeg EventsAn LST (Liquid Staking Token) depeg event occurs when the token, which is typically pegged to the value of the underlyin...

How to find new liquid staking projects

Jul 30,2025 at 01:14pm

Understanding Liquid Staking and Its ImportanceLiquid staking is a mechanism that allows users to stake their cryptocurrency assets while still mainta...

Can you provide liquidity with liquid staking tokens?

Jul 22,2025 at 10:22am

Understanding Liquid Staking TokensLiquid staking tokens (LSTs) are derivative tokens that represent staked assets on a proof-of-stake (PoS) blockchai...

What are the best wallets for storing LSTs?

Jul 21,2025 at 03:14pm

Understanding LSTs and the Need for Secure StorageLSTs, or Liquid Staking Tokens, are derivative tokens representing staked assets on a blockchain. Wh...