ANKR token

Ankr originates as a solution that utilizes shared resources in order to provide easy and affordable blockchain node hosting solutions. It was founded in November in 2017 and during its time on the market, it has built a marketplace for container-based cloud services through the usage of shared resources.

This in turn provides developers and enterprise clients with the ability to easily deploy blockchain nodes at a much cheaper price when compared to public cloud providers.

As such, hosting blockchain nodes on Ankr take away any centralization issues and single point of failure.

Furthermore, public blockchains are able to engage in communities and provide further assistance to their networks. Ankr aims to build an infrastructure platform and marketplace for Web3-stack deployment to enable resource providers as well as end-users to connect to blockchain technologies and DeFi applications.

Note that the Ankr proprietary cloud infrastructure operates independently when we compare it to public cloud providers, and that it is completely powered through geographically distributed datacenters to increase its stability and resilience levels.
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