What Is Ankr?

Ankr is a platform that focuses on building a blockchain framework that is resource-efficient and allows for Distributed Cloud Computing (DCC). It seeks to achieve this by providing an infrastructure that is user friendly to be used for business applications.

Ankr is the first platform that leverages the power of blockchain with a trusted hardware, which provides a distributed computing platform as well as opportunities for cloud security. The aim of the platform is to be an incentive on which users can contribute their resources unlike the precious forums.

The platform utilizes the use of Intel-SGXs (Software Guard Extensions), since almost all-6th generation CPUs are equipped with the SGX instruction that permits execution of an application. The Intel-SGX allows the developers of applications to protect the sensitive data from access or modification by unauthorized persons and software.

The Intel-SGXs also allows applications to maintain the integrity and confidentiality of the sensitive data and codes without interfering with the power of the legitimate system software of scheduling and managing the usage of the resources in the platform.

Ankr's innovations include:

The Proof of Useful Work (PoUW) consensus enables a blockchain framework that is self-sustainable. POUW makes use of resources otherwise used on hashes for useful work and tasks that enterprise and consumers provide. The novel PoUW approach by the platform opens up the potential of computing power that was idle through the provision of enough incentives whereby all contributors of the computation are compensated and may even get extra rewards for block generation.

The integrated Oracle Service leverages the cryptographic primitives and the trusted execution environment (TEE) to provide an authenticated data feed to users. It uses a standardized API to port the data that is available from the existing websites thus enabling a simplified real world adoption of business.

The implementation of the Multi-chain Plasma allows applications to handle their specific smart contracts only on individual side chains thus transactions are prevented from overloading the main chain that is PoUW based. The main chain provides an authenticated data feed for the off-chain data to pass over to the child chain on which businesses can build autonomous and decentralized applications with powerful computing power.

The ANKR tokens serve as the means for the storage and transfer of value in the platform. The tokens are the utility tokens and are used as computation fees for the PoUW. Mining participants in the platform can earn the ANKR tokens by simply contributing their computing power. The more the participation, the more tokens are earned.

This is made possible by the platform using the trusted hardware and the cryptographic primitives that ensure that the data is highly protected.

The oracle system utilized in the platform ensures that it is always reliable when need arises for it to be connected to the existing businesses and applications.

The implementation of the plasma chain allows transactions to be highly distributed along the system thus preventing an overload. The transactions are also done quickly with no delays

Similar to Notcoin - Blum - Airdrops In 2024

origin »

217 +