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📝 Project Overview 📝
Ankr is building a cloud computing platform that will utilize idle computing resources at edge devices and data centers.
A distributed computing platform where consumers will be able to access cloud resources far more affordably and enterprises will be able to monetize their spare computing power.
⚙️ Technology ⚙️
Thr Ankr network is one of the first to use trusted hardware to ensure security at enterprise levels.
They are using Intel SGX as the main technology component which allows for the execution of applications within the hardware itself.
When it comes to the blockchain itself, they use a Proof of Useful Work consensus mechanism.
With this, “Validator Nodes” will take part in block propagation on the network.
Ankr will also utilize a reputation-based system when it comes to choosing these validator nodes.
In order to facilitate off-chain data and processing, there is a Native Oracle System that transfers between the on-chain smart contracts and off-chain data.
💰️ Token 💰
ANKR will be used to pay for computing power to those who are providing it.
There are three token types on the network.
You have the ERC20 variant which was issued on the Ethereum blockchain as well as a BEP-2 version which was issued on the Binance chain.
As of July 2019 you have the native token that was issued on the mainnet launch. This is the token that is used to participate on the ANKR network.
ANKR held an ICO back in September of 2018 and they were able to raise about 18.7 million dollars in both a private and a crowd sale.
👨💻️ Team, Partners & Development 👨💻
The Ankr core team is made up of 16 members, many of whom are graduates of the University of California at Berkeley.
They have a strong background in engineering and technical disciplines, and some have limited marketing experience, with a few who have successfully created and sold other businesses before joining Ankr.
The team has been quite active in the development of the protocol.
📈 Trading & Wallets 📈
ANKR is currently listed on a number of different exchanges.
The largest volume is currently taking place on Binance. There are healthy turnover levels on these order books which bodes well for the liquidity of the token.
ERC20 tokens can we stored in any wallet that supports Ethereum where as BEP2 can be stored in those that support BNB tokens.
If you want to take part in the ANKR network then you will have to convert your ERC20 or BEP-2 tokens into their native token.
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker and/or Signals and copy.com does not guarantee any particular outcome.