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A Web3 infrastructure provider has rolled out a state-of-the-art solution to some of the biggest problems and challenges associated with the much anticipated launch of Ethereum 2.0.
Ankr aims to make the implementation of blockchain nodes easy, accessible, convenient and instant, with a decentralized staking infrastructure designed to reduce barriers to entry for developers, businesses and everyday cryptocurrency enthusiasts.
At the moment, someone can only become an ETH 2.0 validator if they have 32 ETH to wager. Given how this cryptocurrency was worth over $ 14,000 at the time of writing, it’s fair to say that this requirement could exclude a sizable chunk of the community. Another challenge is how ETH will have to be frozen for 18-24 months, depriving users of liquidity.
Making the ETH strike easier
Ankr’s new protocol, known as Stkr, offers an alternative solution by offering Micropools, which means that people with a lower ETH balance can get involved. Stkr also caters to higher net worth individuals who wish to stake large amounts of Ether, but don’t want the responsibility associated with managing the nodes themselves. With one click, these users can stake up to 1,000 ETH, with the company’s system automatically assigning their encryption to nodes with the best reputation.
To overcome the obstacles associated with blocking ETH, Stkr intends to provide users with a synthetic resource known as aETH on a 1: 1 basis, which represents their share. This means that users have the freedom to sell or spend their staked assets or to use them in DeFi applications, at any time.
“It is not easy for the average user to implement an Ethereum 2.0 node,” said Ankr. “There are a lot of small problems along the way and you need to go through the documentation before you can configure and maintain the node.”
The launch of Stkr is the latest milestone for Ankr, founded in 2017 at Berkeley University of California. Over the past three years, the company has gone from securing startup funding in an ICO to a respected brand with compelling products and a wide range of customers.
With support for ETH 2.0 now available, Ankr now supports more than 50 blockchain protocols, including Binance, Bitcoin, Celo, Chainlink, Neo, Polkadot, and Zcash. Nodes can be deployed in minutes, and fixed monthly rates give users peace of mind about pricing.
The company’s ambition doesn’t stop there, adding, “We aim to support every new popular chain out there, as we also see many opportunities for the DeFi product on chains other than Ethereum, such as Binance Smart Chain, Polkadot and Solana. “
A turning point in the PoS landscape
Ankr’s enthusiasm for proof-of-stake networks is palpable, and the company says the launch of Ethereum 2.0 is shaping up to be one of the most significant events in the cryptocurrency industry. Executives say the company’s technology and in-depth knowledge and experience of staking means they are well suited to help the public make the most of the opportunities offered by PoS.
Emphasizing the importance of blockchain’s shift away from proof-of-work, which is currently used by the likes of Bitcoin, Ankr explained, “As most DeFi products are based on Ethereum, Ethereum 2.0 will change the experience significantly. lowering commissions and increasing throughput “.
This is also an activity full of optimism about the potential of Web3: proclaiming on its website that it has the potential to revolutionize the way we use the Internet, paving the way for a new generation of private, secure, reliable and resistant platforms. censorship and app. Away from staking, Ankr also offers a dedicated token for making payments and aspires to make it easier for everyone to build on blockchain and participate in ecosystems.
The future looks bright for Ankr. Since the launch of the node market, the company has expanded to a team of 70 people around the world, with offices in San Francisco, Shanghai, Bucharest and Amsterdam. More than 100 organizations and 4,000 people now use its services globally and over 8,000 nodes have been deployed by customers.
Despite the delays that the Ethereum 2.0 Beacon Chain has faced, Ankr is confident that Phase 0 will launch on December 1st as planned and the Stkr mainnet deposit agreement has now been released.
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