
**Ankr’s new RPC/API platform is upgrading our services offered at app.ankr.com. Learn about new sign-in & payment methods, new features, and how to get started.**

Ankr is constantly innovating and evolving our services to provide builders with everything they need to develop high-performance Web3 applications. Our first version of blockchain API services available at app.ankr.com let developers easily reach a wide variety of nodes in order to build new Web3 apps and connect them to blockchain data. Over the lifespan of this service, we’ve been finding ways to improve as well as listening to feedback from our users about how we can improve our platform. Our goal is always  to offer a more powerful method of connecting and communicating with different blockchains. Now, the end result of this process is our [new platform](https://www.ankr.com/rpc/) that delivers several benefits.

## The New Platform

Over the past year, Ankr has been hard at work building out a brand new dashboard for blockchain RPC & API services. Because we have upgraded our platform, we will be migrating all services to the new interface and **phasing out the app.ankr.com site on November 30**. To avoid any interruption to your API services, you can head to our updated [Pricing Page](https://www.ankr.com/rpc/pricing/) to find the best option for you and begin setup. Choose the best plan for you and set up a Community (Free), Premium, or Enterprise account on Ankr’s new platform today.

Check out some of the new benefits built into the platform so you can get building faster:

- **Pay As You Go plans** - We’ve implemented developer-first, pay-as-you-go pricing for RPC services at highly competitive rates across all supported chains – only pay for what you use with no oversubscriptions.
- **Faster speeds** - Ankr’s archive nodes serve requests at high speeds with extremely low latency from independent data centers worldwide. Having bare-metal servers serving requests closer to you means you get the best speeds to satisfy your users.
- **More reliability** - Our nodes maintain the highest standards of uptime, dependability, and data accuracy so your apps stay up and populated with precise information from dozens of different chains.
- **Global node distribution** - Ankr has nodes running in 30+ global regions, meaning you get low-latency connections wherever you or your users are. Additionally, nodes from other providers serve requests for a higher level of decentralization.

**Start using the new [RPC platform](https://www.ankr.com/rpc/) today.**

## New Sign-In & Payment Methods

![pasted image 0.png](/uploads/pasted_image_0_5ae89d5277.png)

Ankr is a Web3-native organization but many of our users will love the simplicity that comes with logging on via their Google account. New users can sign up and log in with Google authentication as an easy way to get started and top up their account balances with a credit card. We will soon add a way for users who have already created an account with a wallet like MetaMask to add Google auth if they wish to use it for logging in and paying in USD.

- Create an account easily with Google
- Pay in USD using Stripe
- Access all the ease of use and security features of Google

**[Create a new account](https://www.ankr.com/rpc/pricing/) in two clicks with Google.**

## New Advanced APIs

![advanced.png](/uploads/advanced_e92c4f6dc4.png)

Ankr’s Advanced APIs are now integrated right into the new RPC platform interface. The Advanced APIs were designed to streamline Web3 app development and operations by making the blockchain data you need easier, faster, and more cost-efficient to retrieve. The **Advanced APIs take blockchain data and optimize, index, cache, and store it to make it readily accessible** for all of the most popular types of incoming requests across 8 different chains (and counting). This all has the end result of letting apps connected to the Advanced APIs provide a much faster and more efficient experience.

**[Learn more](https://www.ankr.com/advanced-api/) about using Advanced APIs**

## Updates To Our Public (Free) Tier RPC

Ankr will continue offering free RPC services as a public good so builders can get to work instantly with endpoints ready to copy and paste into their code. The new platform provides **ungated access to dozens of endpoints for 20+ blockchains** and offers all Web3 developers an easy way to test RPC methods and get started building with no barriers.

Ankr has recently seen a big uptick in usage of our RPC service. Over the past two months, our RPC traffic grew by 5%. This has led some of our free users to see a change in performance if their traffic began to exceed the 1,000 requests per 10 seconds soft limit. In order to keep our infrastructure running at peak performance we need to rate limit free traffic – if your app is starting to grow traffic past the point of free request limits, then Ankr’s Premium plan provides everything you’ll need to scale affordably!

![public.png](/uploads/public_e928df48dc.png)


**Start using [public endpoints](https://www.ankr.com/rpc/) (no signup necessary).**

## Join the conversation on Ankr’s channels!

[Twitter](https://twitter.com/ankr) | [Telegram Announcements](https://t.me/anrknetworkann) | [Telegram English Chat](https://t.me/ankrnetwork) | [Help Desk](https://ankrnetwork.atlassian.net/servicedesk/customer/portal/10) | [Discord](https://discord.gg/e4n8mAejGb) | [YouTube](https://www.youtube.com/channel/UCErrNjCg6raOsq5MQ9fpIig) | [LinkedIn](https://www.linkedin.com/company/ankr/) | [Instagram](https://www.instagram.com/ankr) | [Ankr Staking](https://eth2.ankr.com/)

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All About Ankr’s Upgraded RPC Platform

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Kevin Dwyer

# Ankr Becomes One of the First Sui Blockchain Connection Providers

![sui.jpg](/uploads/sui_0ccc91f391.jpg)

### Ankr is now offering an RPC connection to the Sui testnet, allowing Web3 developers and apps to easily communicate with the new Move-based blockchain.

Ankr is one of the first Web3 infrastructure providers to introduce a new [RPC service](https://www.ankr.com/rpc-service/) for the highly anticipated blockchain [Sui](https://sui.io/)! This service is now available for the [Sui testnet](https://www.ankr.com/rpc/sui_testnet) and will be extended to a mainnet connection as soon as it is live (estimated early 2023). It is also compatible with the [Sui SDK](https://github.com/MystenLabs/sui/tree/main/sdk), enabling more streamlined development.

As an initial RPC infrastructure provider, Ankr will offer a connection that removes the need for developers and projects to run Sui nodes themselves with a gateway for instant communication with the network. The Sui “smart contracts platform” and Layer-1 blockchain from Mysten Labs will bring new tech and scalability benefits to Web3 developers so they can build applications with the ability to reach billions of new users with an improved Web3 experience.

This is great news for developers looking to get the jump on building on top of Sui for secure, scalable, and user-friendly dApps! You will soon be able to access endpoints for the Sui Testnet and Mainnet with free Community or pay-as-you-go Premium RPCs, make request calls, and receive information returns that are identical to the results you would get by running a Sui full node/RPC server yourself.

Once the Sui mainnet is fully released, Ankr will add support for it with additional docs, features, and tools to help our Web3 devs streamline building.

## What is the Sui Blockchain?

Sui is a Layer-1 chain created by former Meta team members who had helped create the Diem blockchain project. Sui’s novel technology upgrades and the team’s experience have landed Mysten Labs substantial funding ($300M) already secured from companies like Binance, Coinbase Labs, a16z, and FTX along with much hype from the Web3 builder community.

The Sui website heralds the new blockchain as a “Step-function change in blockchain design.” In other words, a big step up in blockchain performance and functionality with a design that is “Fast A*F” in terms of transactions per second capabilities ([120,000](https://thenewstack.io/sui-a-blockchain-built-with-smart-contracts-written-in-move/#:~:text=Sui%20also%20touts%20an%20extremely,skeptical%2C%20but%20this%20is%20also) token transfer transactions per second).

“Sui is the first permissionless Layer-1 blockchain designed from the ground up to enable creators and developers to build experiences that cater to the next billion users in web3.”

The Sui website cites several important benefits for Web3 development such as:

- Horizontally scalable, instant finality, low fees
- Parallel transaction execution
- A safe smart contract language accessible to mainstream developers
- Ability to define rich and composable on-chain assets
- Better user experience for web3 apps

[Learn more about Sui](https://github.com/MystenLabs/sui/blob/main/doc/paper/sui.pdf).

## What Is Ankr’s New Sui RPC?

## 

![unnamed (1).png](/uploads/unnamed_1_afbe07d11c.png)

- Ankr’s [Sui testnet RPC](https://www.ankr.com/rpc/sui_testnet) (Remote Procedure Call) connects your wallet, command-line interface, or dApp with the Sui blockchain. It acts as a messenger or blockchain router that relays on-chain information between Sui nodes, dApps, and ultimately end-users so they can execute necessary tasks like transactions, populate wallet balances, fetch ownership information, and more.
- Sui RPC endpoints are a gateway for developers to interface directly with the Sui chain — a portal to communicate easily, remotely, and with no need to go through the DevOps of establishing their own Sui nodes.
- Ankr is providing a geo-distributed Sui RPC comprised of blockchain nodes running worldwide for incredibly low-latency and reliable connections.

[Get started now](lhttps://www.ankr.com/rpc/sui_testnet) with our free Sui testnet RPC.

## Who Is Building On Sui?

Sui has attracted a variety of DEXs, DeFi protocols, launchpads, NFT projects, social platforms, wallets, and much more. See a full list of projects currently building on Sui on their [partners page](https://sui.io/ecosystem/).

![community.png](/uploads/community_a1c423d83f.png)

## How Do the Sui RPCs Help Developers?

Building with Sui is an excellent choice to create scalable dApps but requires access to the information on Sui nodes to do so. Therefore, Ankr’s RPC solves the following developer troubles:

- **Eliminates complex node ops** - Ankr’s Sui RPC will completely remove the need for many developers to set up their own Sui node, removing hours of time spent building, calibrating, and fixing node issues.
- **Grants access to advanced tools -**  Ankr’s Premium RPC Service instantly grants access to the best tools to build applications quickly, including:
- At least 1,500 Sui requests per second
- Dedicated Sui endpoints
- Prioritized traffic
- WebSockets (WS) capabilities
- **Powers apps and open-source software that need access to Sui** - Connect with a cluster of high-performance nodes that holds the information you need to build and operate dApps on Sui.
- **Supports the Sui network**Ankr will strengthen the Sui network globally by offering easier development and a broader, decentralized node infrastructure.

## How to Make Your First Call to Sui

You can get started now by heading to [Ankr’s RPC Service](https://www.ankr.com/rpc-service/) to make your first call! You can use the [Sui testnet endpoint](https://www.ankr.com/rpc/sui_testnet) to call the new blockchain using the standard JSON RPC methods. Ankr will also add our integration assistant for Sui to help devs with connection code snippets and test RPC methods to view sample code results.

## Join the conversation on Ankr’s channels!

[Twitter](https://twitter.com/ankr) | [Telegram Announcements](https://t.me/anrknetworkann) | [Telegram English Chat](https://t.me/ankrnetwork) | [Help Desk](https://ankrnetwork.atlassian.net/servicedesk/customer/portal/10) | [Discord](https://discord.gg/e4n8mAejGb) | [YouTube](https://www.youtube.com/channel/UCErrNjCg6raOsq5MQ9fpIig) | [LinkedIn](https://www.linkedin.com/company/ankr/) | [Instagram](https://www.instagram.com/ankr) | [Ankr Staking](https://eth2.ankr.com/)

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Ankr Offers One of the First Sui Blockchain Connections 

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The crypto and web3 industry has had some dark moments over the past year that have deeply affected communities and, in some cases, have left them with little recourse or recovery. Ankr is not an exchange and has no custodial services, but we want to send a strong message that we will always act responsibly when it comes to providing services in a safe and reliable manner.

Since 2017, Ankr has been a unique organization and web3-native operation. Feedback from our community of developers, stakers, and projects drives our suite of products that act as the critical infrastructure behind the blockchains and decentralized applications of web3 – a truly “by developers, for developers” approach. Ankr will always stay true to the ethos of blockchain and web3 as a part of our mission as a foundational infrastructure provider.

Ankr wants to assure all our users that we will keep within the highest standards of security and integrity in how we operate. Here are a few elements we’ve put in place to create the most resilient infrastructure possible across our dozens of supported blockchains.

## Why Ankr is safe, unaffected, and optimistic about the future:

**Ankr has never been involved with FTX:** As we’ve never had any affiliation with FTX, Ankr wasn’t impacted by the ultimate failure of the exchange. However, we have the deepest empathy for every project and customer affected. We share the position of many organizations that are helping wherever possible to minimize the damage done. Ankr will assist by providing the highest quality infrastructure and tooling to strengthen ecosystems so they can become more resilient than ever.

**Audited & non-custodial staking products:** All of Ankr’s staking and bridging products are audited and secure to provide the highest level of safety for those that use them. Our staking solutions remain tested and trusted year after year – a testament to the care and diligence that comes from an unparalleled staking team. As our staking products are non-custodial, Ankr Staking user funds aren’t exposed to risks from the market that could stem from decisions made by Ankr or any other platform or protocol. Additionally, Ankr has no exposure to the Solana-based DeFi ecosystem that has been impacted by recent events.

**DevOps team operating with 24/7 coverage:** Ankr’s DevOps team works around the clock and deploys any necessary security updates with extreme speed. This ensures that both Ankr’s services and the blockchains they are essential to stay up, running, and uncompromised. As hacking has been an ongoing issue in our industry, it is important to maintain persistent vigilance while helping eliminate threats and attack vectors as soon as they arise.

**All customer data is secure:** As Ankr requires payments and data for some of its products, we collect the necessary information and store it with the utmost confidentiality and attention to security while following all regulations and guidelines that we must abide by as a company. Our privacy policy is there to ensure sensitive user information is always protected, something we take extremely seriously. 

**Genuine care for our community who shares the web3 mission:** What has happened over the past week is a reminder that it is our shared responsibility to build a better, safer, and more resilient web3 industry. The original idea behind blockchain and cryptocurrency was to deliver more control for everyday people to transact with real value in a secure and transparent way while avoiding entities that might abuse their assets.

We want to ensure that this is the future of the technology while continuing to deliver the most reliable multichain infrastructure services to build stronger decentralized networks and applications. That is why Ankr will continue this mission with full attention to integrity and dedication to the community.

# **Join the conversation on Ankr’s channels**

[Twitter](https://twitter.com/ankr) | [Telegram Announcements](https://t.me/anrknetworkann) | [Telegram English Chat](https://t.me/ankrnetwork) | [Help Desk](https://ankrnetwork.atlassian.net/servicedesk/customer/portal/10) | [Discord](https://discord.gg/e4n8mAejGb) | [YouTube](https://www.youtube.com/channel/UCErrNjCg6raOsq5MQ9fpIig) | [LinkedIn](https://www.linkedin.com/company/ankr/) | [Instagram](https://www.instagram.com/ankr) | [Ankr Staking](https://eth2.ankr.com/)

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Ankr’s Approach to Safety, Risk, and Protecting Our Community

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# Ankr’s New Klaytn Blockchain Connection Live!

![klaytn.jpg](/uploads/klaytn_d3db0517d1.jpg)

### Start building on the “metaverse blockchain for all” easily with Ankr’s RPC connection and gateway to communicate with the Klaytn chain.

Ankr is introducing yet another [RPC service](https://www.ankr.com/rpc-service/) for the new metaverse blockchain, Klaytn! This is great news for developers looking to get the jump on building on top of Klaytn for their metaverse applications! You can now access Klaytn Community and Premium RPCs, make request calls, and receive information returns that are identical to the results you would get by running a Klaytn full node yourself.

Ankr has more in the works for Klaytn with additional docs, features, and tools to help streamline building for our Web3 dev community.

## What is Klaytn?

Klaytn is a public layer-1 blockchain that was built to accommodate the creation of applications that let us build, work, and play in the metaverse. In a blog post, the Klaytn team advertised that the blockchain was around [3-4 times faster](https://medium.com/klaytn/klaytns-strengths-as-a-layer-1-mainnet-46981c5201cc#:~:text=You%20can%20see%20that%20Klaytn's,Polygon%2C%20Avalanche%2C%20and%20Solana.) than some of the leading blockchains in terms of speed (compared to Solana, Avalanche, and Polygon) with approximately 4,000 transactions per second. Having a high TPS is very important for transaction-heavy metaverse use cases.

**Providing a high-performance blockchain for the metaverse:**

- Low transaction fees
- Supportive developer environment
- Web3 gaming focused

[Learn more about Klaytn.](https://www.klaytn.foundation/)

## What Are Ankr’s New Klaytn RPC Connections?

- Ankr’s Klaytn RPCs (Remote Procedure Calls) connect your wallet, command-line interface, or dApp with the Klaytn blockchain. They act as a messenger or blockchain router that relays on-chain information between Klaytn nodes, dApps, and ultimately end-users so they can execute necessary tasks like transactions, populate wallet balances, fetch ownership information, and more.
- Klaytn RPC endpoints are a gateway for developers to interface directly with the Klaytn chain — a portal to communicate easily, remotely, and with no need to go through the DevOps of establishing their own Klaytn nodes.
- Ankr is providing a geo-distributed Klaytn RPC comprised of blockchain nodes running worldwide for incredibly low-latency and reliable connections.

Make your first request now with the [Klaytn RPC](https://www.ankr.com/rpc/klaytn)!

![Screenshot 2022-11-09 083257.png](/uploads/Screenshot_2022_11_09_083257_9d87df3321.png)

## How Do the Klaytn RPCs Help Developers?

Building with Klaytn is an excellent choice to create scalable metaverse dApps but requires access to the information on Klaytn nodes to do so. Therefore, Ankr’s RPC solves the following developer troubles:

- **Eliminates complex node ops** - Ankr’s Klaytn RPCs will completely remove the need for many developers to set up their own Klaytn nodes, removing hours of time spent building, calibrating, and fixing node issues.
- **Grants access to advanced tools -**  Ankr’s [Premium RPC Plan](https://www.ankr.com/rpc/pricing/) instantly grants access to the best tools to build applications quickly, including:
- At least 1,500 Klaytn req/sec
- Dedicated Klaytn endpoints
- Prioritized requests
- WebSockets (WS) capabilities
- **Powers apps and open-source software that need access to Klaytn** - Connect with a cluster of high-performance nodes that holds the information you need to build and operate dApps with Klaytn chain capabilities.
- **Supports the Klaytn network**Ankr will strengthen the Klaytn network globally by offering easier development and a broader, decentralized node infrastructure.

## How to Make Your First Call to Klaytn

You can get started now by heading to [Ankr’s RPC Service](https://www.ankr.com/rpc/) to make your first call! You can use the endpoint https://rpc.ankr.com/klaytn to call the Klaytn chain using the standard EVM JSON RPC methods.



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Ankr’s New Klaytn Blockchain Connection Live!

# Why Liquid Staking could be the Answer to More Decentralization

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Satoshi Nakamoto's Bitcoin whitepaper was published in 2008 in response to the global financial crisis. The Bitcoin network was created early in 2009, with the headline embedded in the first block: "Chancellor on the verge of the second bank bailout." The project's objectives were to create an alternative, voluntary, transparent currency and peer-to-peer payment network which would be more resilient than existing financial institutions.

Previous attempts at digital currencies, such as DigiCash and E-Gold, have failed because they were built with centralization, which made them vulnerable to government regulation and intervention. On the other hand, Bitcoin doesn't have a central figurehead and is much more resistant to these attempts at shutdown via government regulation and intervention.

The [Nakamoto consensus](https://bitcoinmagazine.com/guides/what-is-nakamoto-consensus-bitcoin) was a significant milestone in digital currency advancement. The Nakamoto consensus is a system in which miners generate cryptographic hashes. The network's nodes only accept the related block as genuine if the hash contains a particular number of leading zeros. This system is referred to as mining or Proof-of-Work (PoW).

# **The Principle Behind PoW mining**

Joining the PoW network is easy! Just download the software, sync the blockchain, and look for hashes using your computer's CPU power. The chances of creating a block depend on how fast you generate hashes. Since this varies depending on your machine's processing power, mining is a competitive activity where people try to get the lowest mining costs through economies of scale.

The network can be trusted as long as trustworthy miners control most of the network's hashing power. This is what secures the network. PoW is what's behind some of the most popular cryptocurrencies, such as Bitcoin and Ethereum, but it has some severe disadvantages.

An adversary that wanted to disrupt the network would need to put a lot of computing power into taking over most of the network's hashing power. This has been a problem for a long time and has led to the development of other ways to resist [attacks](https://www.geeksforgeeks.org/sybil-attack/), the most notable being Proof-of-Stake (PoS).

# **The Rise of Proof of Stake (PoS)**

The Proof-of-Stake algorithm is becoming more popular as a way to protect decentralized networks. PoS has several advantages over PoW, including quicker confirmations, lower operating costs, increased speed, and less environmental impact.

PoS uses native cryptocurrency tokens as collateral to decide who can participate in the consensus process of a blockchain network. The collateral is committed along with the primary duty of participating nodes, which is to follow the protocol's rules.

# **Understanding Validator Nodes**

Validators are nodes that use private keys to execute the protocol’s software. They arrange and validate transactions, interact with other nodes, and update their ledgers to stay synchronized with the rest of the network.

As was mentioned earlier, validators in PoS networks use collateral in the form of cryptocurrency tokens (the "stake") to back them up. Token holders who stake ("stakers") help improve network security by choosing dependable validators and making it more expensive for potential attackers.

They earn tokens in proportion to their stake backing, which acts as compensation ("staking rewards"). In addition to network issuance rates and transaction fees paid inside the network, other variables that affect the quantity of these rewards include staking participation rates and validator-specific factors (like uptime and commission rates).

If a validator wants to participate in the consensus process, they need to have some of their collateral held in escrow by the network. This collateral is usually at risk of being seized if the validator breaks the protocol's rules (known as "slashing"). This is meant to discourage validators from attacking the network by double-signing.

If a participant in a decentralized financial protocol wants to withdraw their staked assets, they may have to wait a certain amount of time - known as the "unbonding time" - to retrieve them. This can put an economic cost on the owners of the at-risk assets.

# **The Rise of Liquid Staking**

In response to the capital inefficiencies of traditional staking, [liquid staking](https://medium.com/ankr-network/liquid-staking-explained-a-guide-for-the-defi-curious-9af80287e06a) has been developed as an alternative. With centralized exchanges that pool assets and use off-chain contracts, traditional staking constraints can be easily evaded.

Liquid staking is a rapidly developing area that uses tokenized staked assets to expand their usage and application areas. Liquid staking provides more efficient use of capital, freeing speakers to take advantage of new trading and yield-generating opportunities.

# **The Future of Staking**

There is a shift in how most blockchain networks are secured. In 2017, Polygon was created as a critical player in the Proof of Stake (PoS) ecosystem. Several more PoS blockchains have opened or will launch soon. Bitcoin and Ethereum, however, continue to operate on the older Proof of Work (PoW) protocol.

Even though blockchains are still in their early stages, much progress has been made in terms of infrastructure and identifying use cases suited for widespread adoption. There is still much room for improvement in PoS systems, and more research needs to be done to find the most efficient solutions.

Although there hasn't been enough research on the long-term effects of the restrictions typically placed on assets subject to staking, it's clear that staking will be essential for securing most blockchain networks and will probably be vital in establishing the framework for the future financial system.

The biggest threat to Proof-of-Stake systems is that exchanges will start offering staking services, giving them much control over the network. This is because exchanges can easily skirt technical limitations and make the process more straightforward and user-friendly.

The severe consequences of continuing this behavior include defunding community validators, reducing network resilience, and possibly corrupting governance processes. PoS networks can only offer moderate censorship resistance if a few parties can shut down a blockchain network or filter transactions.


# **Conclusion**

Within a brief time frame, liquid staking has given rise to an industry that might present an option to exchange staking and stimulate a deluge of fast staking development. Like the decentralized finance ecosystem found on Ethereum, liquid staking affords composability, permissionless innovation, and an everlasting testing ground.

Assuming liquid staking would be beneficial for a blockchain network in the long term, several factors could make or break the success of liquid staking. These include how liquidity is handled, dependence on other networks, how governance rights are managed, and any legal problems that could arise.

In conclusion, liquid staking is a crucial development for PoS systems. It could improve capital efficiency, network stability, decentralization, and new business opportunities if executed correctly. This is an excellent chance for PoS protocols and investors to capitalize on.

# **Join the conversation on Ankr’s channels!**

[Website](https://www.ankr.com/) | [Twitter](https://twitter.com/ankr) | [Telegram Announcements](https://t.me/anrknetworkann) | [Telegram English Chat](https://t.me/ankrnetwork) | [Help Desk](https://ankrnetwork.atlassian.net/servicedesk/customer/portal/10) | [Discord](https://discord.gg/e4n8mAejGb) | [YouTube](https://www.youtube.com/channel/UCErrNjCg6raOsq5MQ9fpIig) | [LinkedIn](https://www.linkedin.com/company/ankr/) | [Instagram](https://www.instagram.com/ankr) | [Ankr Staking](https://eth2.ankr.com/)


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Why Liquid Staking could be the Answer to More Decentralization

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Ethan Nelson

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***Web3 technology is the solution to the current inefficiencies in outdated voting systems.***

Watching the World Series last night, I couldn’t help but notice the number of political advertisements on display. Of course, we expect this as we enter the home stretch of midterm elections in the United States, where Democrats and Republicans flood the airwaves. Both sides feel the need to portray opponents in a negative light to capture the hearts of the American people. During these commercials, I wondered why people often think voting is a chore and, more importantly, why the results inevitably lead to a less-than-ideal outcome for everyone.

Many Americans feel a sense of disenfranchisement and jadedness when the election season begins. Elections should empower people to create change that will better serve our country. There are various reasons for these sentiments — one of which is the technology associated with the voting process. While much of the world has become digitalized through technological advancements, the voting system has failed to adapt. The failure to create foundational change in the system can lead to mistrust in the processes and outcomes. For a country to be a democracy, we must be able to trust the democratic process of electing public officials. We must update our democratic process with new technologies focusing on trust and transparency.

**Problems with the American Voting System**

I’m a web3 product manager and designer, so naturally, my mind compares the user experiences of voting to that of a decentralized application running on a blockchain. I look at the areas of improvement and view the “users” as the citizens submitting their ballots. The experience is the countrywide task of voting, which is the heart of being an American. Here are a few significant “areas of improvement” with voting that can upgrade by utilizing blockchain technology.

**Fair warning:** Blockchain technology cannot solve the first issue entirely, but with our country’s current division, it deserves mention.

### Unproductive Rhetoric & Confusing Measures

Political advertisements focused on defaming their competition rather than portraying a positive problem-solving attitude are pointless. Whether it’s the president or the local town mayor, this campaign strategy of elected officials is unproductive and unhealthy for the country. The smear campaign strategy is also unfair to citizens, as it pins American individuals against each other.

When tensions rise, people’s patience declines, resulting in aggressive arguments between the far left and far right. To remove this societal unrest, we (and elected officials) should genuinely listen to one another’s views and reason and find common ground. How do we find common ground? Let’s start by trying to hear both sides of a debate and understand the issues; this will help provide a clear view of the proposed changes both parties make.

With that said, this is only my opinion. My thoughts on political strategies are to be taken with a grain of salt as I don’t plan on working on a campaign or ever running for elected office. Instead, my passion lies with blockchain technology, and my work focuses on building web3 infrastructure that moves power over the internet from centralized authorities to distributed networks of individuals. However, blockchains can solve many other essential issues that I will describe in detail.

### Inefficient Voting Experiences

Technological advancements are moving at light speed, but the voting system is not progressing as swiftly. This lack of innovation leads to several bottlenecks and inefficiencies in the mail-in ballot system and in-person voting. Especially in presidential elections, the process takes far too long, and it’s met with demands for recounts and accusations of voter fraud.

Voting on the blockchain can help solve this problem. On-chain voting is a digital process of casting and storing votes on a blockchain. This solution provides a secure yet transparent database verified and agreed upon by several or perhaps thousands of computers working in unison to record data exactly how it arrives. Once the computers store the votes on-chain, the results are immutable and verifiable.

Voting on-chain would help the election process become more accurate, fast, and transparent. We can see if your vote was counted and confirmed with a block explorer — a place to view all of a blockchain’s transactions. With added tools and digital verification processes, people could vote from anywhere — improving the likelihood of participation. Furthermore, the secure voting experience powered by cryptography protects the chances of election fraud.

### Complicated Government Processes

The American government, as we all know, is slow to change and riddled with bureaucracy, stalemates, and websites that have low-performance qualities. These often-dated standards extend to the voting system with overcomplicated processes in the electoral college, excessive representatives, and processes that most Americans don’t have the time to study. New technologies provide opportunities to streamline the system and reconsider procedures. The chance to utilize blockchains in 2022 can improve government processes and reshape the voting system, turning it into something everyone can understand.

### Outdated Technology

Elections occur with outdated methods of collecting paper mail and in-person voting booths. Both ways are rife with inefficiencies, complexities, human error, and foul play. There’s no need for people to vote in person and have trust brought in by humans to store results when we can vote digitally and have trust built in through cryptographic code on-chain. Not everyone has access to a smartphone, so digital voting booths or even accessing a digital account via a public library computer is feasible to start.

Storing votes on-chain comes with potential drawbacks, such as hacking or digital outages. However, we can eliminate attack vectors with the proper architecture that a permissioned blockchain provides. Permissioned blockchains differ from public blockchains like Ethereum because they have prerequisites or “permissions” that must be satisfied before someone can enter the chain. Registering and storing votes on a government-backed permissioned chain would require citizens to prove their identity. To validate an identity, one would enter their social security or passport before they are verified to vote on the blockchain. However, even though the blockchain requires permission to access, it can display data transparently to all verified users, which is vital for the efficacy of a voting platform.

We can implement safeguards to ensure information is never leaked or unencrypted in the wrong hands. With thousands of nodes run by independent parties to validate and store voting results, we eliminate the risk of outages and ensure that no one entity can interfere with the process. Although the government would operate the chain, access to the legitimate results of the election is not only for those in elected office. The citizens who validate their identity and enter the chain can also view how the election plays out. Every vote is confidently collected and stored on a tamper-proof system so all members can view the results in real time.

### Solutions From Blockchain Technology

How could storing votes on a blockchain increase registered voters and help citizens gain trust in the government and voting system?

Blockchains are trustless, which means that when we make transactions (like submitting a vote), the trust to verify that transaction is not brought in by additional humans because it is already built-in with cryptography. The current voting system requires you to submit your vote at the ballot and trust the person at the box. You also depend on the town and state you live in to tally votes correctly and trust the American government. There’s trust required to vote, and it can be challenging to trust a process that is not entirely transparent. The voting system is inconvenient, requiring people to visit boxes in person, which means taking time off from work and standing in line. Technological changes can help increase convenience and accessibility, thus increasing the likelihood of participation.

### Increased Transparency

Storing votes On-chain means we can track who registered to vote and where they are allowed to vote. The open ledger provides trust for the public, knowing everybody entitled to vote can do so. By recording results permanently on the blockchain, votes will no longer have the risk of being “thrown out”. Anyone can validate their vote on the block explorer to alleviate any fraud concern. Voter identification is no longer a concern either, as we store ID’s through immutable data that is processed once.

### More Accessibility

Moving to the blockchain would remove the need to take time off work or any other daily life responsibility to vote. In their simplest form, blockchains are software, so people can download the election application, verify their identity (to enter the chain), and cast their vote. This increase in convenience will result in more people voting, and more voices heard around the country, so we can ensure that the government is working for every citizen.

### Faster Processing Times

Rather than people communicating manually to deliver the voting results, we can display the election’s results instantly on-chain. This process works by encoding elections into smart contracts, which allow us to count votes and make changes that citizens want to see faster and more efficiently.

### Enhanced Security

Voting on chain introduces a seemingly unhackable system, as we would verify the results in real-time. There are several advantages to voting online and storing every citizen’s vote on a blockchain. Nonetheless, a permissioned and private blockchain is necessary, with only U.S. citizens and government officials accessing it. Citizens and government officials can view the data without tampering with it, as the chain will run autonomously. However, any engineering or infrastructure changes to the blockchain will need to be voted on, approved, monitored, and audited by many independent parties.

Using a permissioned blockchain alleviates the risk of miscounts because we record all data on a s recorded on a publicly accessible ledger. All voters can verify and bear witness to the validity of election results. Additionally, all secure nodes power the system, which allows us to treat all voters equally, which is imperative when considering vote tampering.

### Decreased Operational Costs

Creating an entirely trustless and digital voting system means we no longer need to pay for printing materials, expensive equipment, and high transportation workforce costs. Furthermore, we decrease the burden on a volunteer election workforce. Instead of needing to count votes, they can focus on educating voters on the issues and ensuring everyone has access to the new digital voting system.

### Final Thoughts

It’s exciting to imagine a blockchain application extending beyond the DeFii space to other industries and sectors. Blockchain technology improves society by enhancing and updating old systems for the twenty-first century. Blockchain solutions such as Central Bank Digital Currencies (CBDCs) will eventually become a new international standard for money. Therefore, it is only a matter of time before blockchain extends into other critical government processes like voting. Voting innovation is critical now — and technological improvements can help us create a more efficient, transparent process. It’s up to us in Web3 to propose new solutions that improve life for everyone and ensure our democracies stay intact. Regarding voting, I’m confident we will do so and eager to see what we can build.

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How Blockchains Increase Trust In Voting & Elections

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Kev Silk

## The Ankr Team Is Heading To Solana Breakpoint!

![breakpoint.jpg](/uploads/breakpoint_04510138a0.jpg)


Ankr is a proud infrastructure provider for the Solana ecosystem, and we couldn’t be more excited to join the community attending the Breakpoint event in Lisbon this week, November 4-8! The Ankr team is flying in soon for the full experience, so we hope to see you at some point in the days to come. Check out what we’ll be up to during our time in Lisbon below.

**If you still need your tickets for Solana Breakpoint, you can still pick them up [here](https://conference.solana.com/breakpoint-2022).**

**Follow the [Solana Breakpoint Twitter](https://twitter.com/SolanaConf) for more updates & info.**

## 

![Screenshot 2022-11-02 143625.png](/uploads/Screenshot_2022_11_02_143625_691faa347b.png)


A decentralized city-wide experience.

## Don’t Miss Ankr’s Talk!

Hardware enthusiasts and node operators, this is the session for you. Our VP of Product and Web3 infrastructure expert, Josh Neuroth, will share tips on getting the most out of your machines. Techniques include hardware configuration, Ansible automation scripts, and much more.

![unnamed.png](/uploads/unnamed_d90d1659cb.png)


[During this talk](https://conference.solana.com/breakpoint-2022/agenda/session/1031413), Josh will give practical tips and tricks for running nodes, data querying, and saving money on physical servers – all lessons that Ankr learned from years of experience.

If you are interested in web3 development, node infrastructure, launching your own dApp, or working to scale Web3, you will not want to miss this talk!

View the full [Breakpoint schedule](https://solana.com/breakpoint/agenda).

## Get the Fastest Solana RPC Connection For Building

Ankr serves over 3 Billion requests every month for builders and applications on the Solana chain alone. Ankr has all of the RPC services you need, including free low-latency connections to serve all your Solana (or any other major PoS chain) requests. Just use our public **[Community RPC endpoints](https://www.ankr.com/rpc/).**

**Or get the most capabilities from a [Premium RPC Plan](https://www.ankr.com/rpc/pricing/) with:**

- 4,000 Solana requests per second
- Dedicated Solana endpoints
- WebSockets
- Advanced Developer APIs

## Let’s Catch Up and Talk Shop

We want to meet you and chat about Solana projects! Ankr’s ecosystem is growing quickly with new projects using our new decentralized infrastructure to power their dApps, DeFi platforms, exchanges, games, and more – see how we can help boost yours.

Give us a message on our community channels: [Discord](https://discord.gg/ankr), [Twitter](https://twitter.com/ankr), [Telegram](https://t.me/ankrnetwork), and [Reddit](https://www.reddit.com/r/Ankrofficial/), and earn more about us and how Ankr can take your project to the next level as a leader in Web3 infrastructure:

- Find instant blockchain development resources, including our [premium RPC](https://www.ankr.com/protocol/plan/c/) on 38+ networks and testnets.
- Create multichain applications that are many times faster with [Advanced APIs](https://www.ankr.com/advanced-api/).
- Build on a completely custom [application-specific blockchain](https://www.ankr.com/app-chains/) with end-to-end support from Ankr’s engineering team.
- Integrate [liquid staking](https://stakefi.ankr.com/liquid-staking/launchpad) products and more with your platform to give your users earning solutions.
- Get in touch with our sales team for all tailor-made [Enterprise Solutions](https://ankrnetwork.typeform.com/contactankr).

Want to find out even more about us? Head to our [website](https://www.ankr.com/) to find our docs, about us section, and more.

## Solana Breakpoint ‘22 Will Be One for the Books…

Solana Breakpoint is going to be another massive event for Web3 this year. And the Ankr team can’t wait to return to one of our favorite places. So we’ll be looking forward to having a drink, seeing the sights, and meeting all of you. We hope you’ll join us!

##

## Join the conversation on Ankr’s channels!

[Website](https://www.ankr.com/) | [Twitter](https://twitter.com/ankr) | [Telegram Announcements](https://t.me/anrknetworkann) | [Telegram English Chat](https://t.me/ankrnetwork) | [Help Desk](https://ankrnetwork.atlassian.net/servicedesk/customer/portal/10) | [Discord](https://discord.gg/e4n8mAejGb) | [YouTube](https://www.youtube.com/channel/UCErrNjCg6raOsq5MQ9fpIig) | [LinkedIn](https://www.linkedin.com/company/ankr/) | [Instagram](https://www.instagram.com/ankr) | [Ankr Staking](https://eth2.ankr.com/)

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The Ankr Team Is Heading To Solana Breakpoint!

Filipe, our Chief of DeFi, will be at the staking event in Lisbon to speak about how trustless liquid staking will influence the validator business. 

Ankr is excited to use this moment to share how staking technology will change the blockchain ecosystem in Lisbon this upcoming week.

# Why Trustlessness Matters in Staking?

As you might know, we've been working on the subject of how to participate in proof-of-stake ecosystems securely. The key challenge in the liquid staking space is how to reduce centralized party risk while maintaining liquidity of staked assets and an effortless user experience (ie: not having to set up a node to stake).

We believe that trustless staking is vitally important for the future of ETH staking because it reduces the risk of any single entity gaining control of large amounts of staked assets. Lido and Coinbase staking currently control the vast majority of Ethereum staked assets and thus, This could manipulate the Ethereum network. This goes against the trustless, decentralized ethos that Ethereum was founded on. Likewise, this is why we’re committed to building a trustless staking solution that allows users to stake their ETH without having to worry about centralized party risk.

# SSV Staking as a Trustless Solution

![Ankr_SSV_Partnership.jpeg](/uploads/Ankr_SSV_Partnership_128a8258ca.jpeg)

SSV stands for Secret Shared Validator, which means that the staking node architecture is built to ensure that if one of the operators isn’t trustworthy, it won’t affect the network as a whole. In other words, SSV technology significantly reduces slashing risk by ensuring that node operation is shared by multiple operators.

The core barrier to staking without operating a node is how in the world to know which nodes to trust. SSV technology provides a solution to this very challenge by encrypting the node’s validator keys and splitting them into four Keyshares. Then, they distribute these KeyShares to four node operators who share node management responsibilities.

For more detailed information about how SSV staking works, please [read on](https://medium.com/ankr-network/trustless-liquid-staking-removing-intermediary-risk-with-ssv-technology-3f6a71c6b4a6).

# What to Expect at the Summit

Filipe will be speaking on a panel about how liquid staking will impact the validator business.

Other key people in the staking industry speaking on the panel include: Nico Vergauwen (Tenderize), Mara Schmiedt (Alluvial Finance), Claudio Cossio (Meta Pool), Isidoros Passadis (Lido Finance).

The talk will be taking place on November 8th. You can find more [information about the summit here](https://www.stakingrewards.com/summit/).

![staking summit.png](/uploads/staking_summit_cf350c4d5e.png)

# Conclusion

As we’ve seen, Ankr’s trustless liquid staking is a game-changer in the world of Ethereum staking. Don’t miss out on this opportunity to learn more about ETH staking and how you can use Ankr’s technology at the summit from the staking’s leading innovators.

We hope to see you at the event in Lisbon. Cheers!

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Ankr is Speaking at the Lisbon Staking Summit!

# Now Supporting Coinbase Wallet for Liquid Staking! 



![IMG_2684.jpg](/uploads/IMG_2684_cf8890bf42.jpg)


**All Coinbase Wallet users can now earn more with their crypto assets easily, with Ankr offering 9 new staking options.**  


For about 100 million users, Coinbase was the first stop to get involved with the crypto world. The company set a new bar for ease of use when it came to purchasing and trading digital assets. And with the Coinbase Wallet, the company moved beyond a centralized exchange to becoming a point of entry into the broader world of decentralized applications and finance known as Web3. 

Ankr shares this mission of bringing the benefits of Web3 to millions of new users, and that is why we are extremely excited to announce that we have just implemented one of the most highly requested features for Ankr Staking! All Coinbase Wallet users can now liquid stake on the Ankr Staking platform for an easy way to earn yield on the assets they hold in their Web3 wallet. 

Providing access to Ankr Staking with Coinbase Wallet provides yet another way for users to stake – opening the gates to as many crypto holders as possible. 

- Provides a more lucrative experience that combines staking and DeFi rewards 
- With Coinbase Pay, users can seamlessly connect their Coinbase exchange account to the Coinbase Wallet, and then to Ankr
- Offers an easy way to stake with the comfort, UX, and trust behind one of the world’s largest crypto applications
- Keep security credentials and authentication safely on your phone 

## Why Use Coinbase Wallet With Ankr Staking?  

![Screenshot 2022-11-02 at 15.19.10.png](/uploads/Screenshot_2022_11_02_at_15_19_10_4d122aa637.png)

Coinbase Wallet gives crypto users more flexibility and some features beyond wallets like MetaMask that even diehard Web3 natives could be interested in. 

1. Coinbase Wallet offers support for Ethereum, all EVM Compatible chains, Solana, and more than 5k tokens (including any ERC20s) for a truly multichain experience. 

2. Coinbase Wallet has a built-in dapp browser on its mobile app that makes it easy to access top dApps and DeFi protocols. You can swap, stake, bridge tokens, lend, provide liquidity, and more on your phone without leaving the couch. 

3. It allows users to send, receive, and bridge assets right on the interface, making it useful when choosing different networks to hold assets on, such as Polygon or Ethereum.  

https://www.youtube.com/watch?v=JX1-oee8qDw&t=2s

## How Can I Stake on Ankr With My Coinbase Wallet? 

Anyone with the Coinbase Wallet app is now able to use Ankr Staking. However, you will need to make sure you have the browser extension installed. 

1. Head to the Ankr Staking platform to see all of the available staking options. Hover your cursor over the option that looks interesting to you and select “stake.” You can then connect your Coinbase Wallet browser extension as prompted. If you prefer to use your smartphone, you can also connect to Ankr’s Staking platform from the Coinbase Wallet mobile app’s dapp browser.

2. Once your wallet is connected, you are able to select the amount of the token you wish to stake. Once the transaction is approved, you can view all of your staked assets within the dashboard tab of Ankr Staking and track your rewards. You can also track your staked assets in the DeFi tab within Coinbase Wallet.

3. With liquid staking options, you will be granted a new liquid staking token such as aETHb or aAVAXb. The liquid staking tokens will automatically be sent to your Coinbase Wallet after you stake. These tokens deliver your staking rewards as their balance will increase in your Coinbase Wallet daily. The best part of liquid staking is that you can deploy these tokens in DeFi to earn more on top of your staking rewards. You can view all the earning options within the DeFi tab of Ankr Staking. 

## Which Assets Can I Stake Using Coinbase Wallet? 
Ankr currently has a wide selection of crypto assets available to stake on our platform. You can choose between 9 different tokens to start earning more with your funds: 

### Delegated staking

- Ankr (ANKR) 
- Gnosis (mGNO) 

### Liquid staking

- Ethereum (ETH) 
- Polygon (MATIC) 
- Binance Coin (BNB) 
- Fantom (FTM) 
- Avalanche (AVAX) 

## The Benefits of Liquid Staking With Ankr

### Instant Liquidity 

Using Ankr Staking is the best way to stake crypto as you can access instant liquidity in the form of liquid staking tokens. This way, you to use the value of your staked tokens to earn multiple layers of rewards on DeFi platforms and multiply your potential rewards. 

### Boosted Yields

- Liquidity mining opportunities are enabled by providing liquidity for pools in decentralized exchanges. 

- Farming rewards for liquidity providers. Liquid Staking presents several yield farming strategies for users to contribute to liquidity pools and gain a share of the trading fees and governance tokens. These new LP tokens can be used to generate yet another layer of earnings. 

- Staking rewards on farmed tokens. After using yield farming strategies, users can also reinvest their farmed LP tokens into more staking opportunities. This is a highly repeatable process as layers of rewards from farming and staking will quickly stack up. 

- Yield aggregators /vaults can automate yield farming rewards and enable compounding returns with next to no effort from users. This is a great method for maximizing your passive income strategy. 

- More trading opportunities are enabled as you could potentially buy liquid staking tokens at a discount on a Decentralized Exchange and redeem them (unstake it) on Ankr Staking to extract their fair value.

### More Flexibility 

If you would like to unstake your tokens, you can choose the “unstake” option at any time on the Ankr Earn platform. 

### Borrowing and Lending 

Many liquid staking tokens will also allow users to borrow against their assets in exchange for the original assets like ETH that can be restaked or used for additional earning strategies. Or, lend your liquid staked assets in return for interest paid by borrowers. 

### No technical knowledge required

Receive an easier staking experience with no technical knowledge necessary. Many times liquid staking makes staking as easy as a swap: you can even swap your assets for liquid staking tokens, like aETHc, right from the in-app swap feature built into Coinbase Wallet for the same effect as staking ETH. 




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Ankr Adds Coinbase Wallet Support for Liquid Staking

Out of Beta and into a new era of multichain development powering Web3 devs with purpose-built APIs.

![Ankr's Advanced APIs.jpg](/uploads/Ankr_s_Advanced_AP_Is_30e0082278.jpg)

### Powerful Multichain APIs Built By Devs, For Devs

[Ankr’s Advanced API](https://www.ankr.com/advanced-api/) service is a collection of RPC methods that were created to simplify querying blockchain data of all types. Advanced APIs help you build on Web3 in the most efficient way possible so you can:

- Make fewer RPC requests
- Spend less per request
- Query multiple blockchains at once
- Make your multichain dApps many times faster

### Why Advanced APIs? What Do They Do?

[Ankr’s RPC service](https://www.ankr.com/rpc-service/) connects dApps and wallets to blockchain nodes so they can find all the necessary information they need to complete tasks like transactions or checking account balances. Every Web3 use case requires access to full nodes via an RPC service (unless they choose to run all their own nodes).

For example, when users access dApps or use a wallet like MetaMask to make transactions, their requests go through an RPC to connect them with the full nodes that hold the data from blockchains and send new transactions to the mempool where they await validation so they can be added to the chain. Every time this happens, the operators of these applications need to pay a small fee for the RPC service.

But now, Ankr’s Advanced APIs streamline this process by making the blockchain data you need easier, faster, and more cost-efficient to retrieve. The Advanced APIs take blockchain data and optimize, index, cache, and store it to make it readily accessible for all of the most popular types of incoming requests across 8 different chains. This all has the end result of letting apps connected to the Advanced APIs provide a much faster and more efficient experience.

### Advanced APIs Now Integrated With Ankr’s RPC Service
![0_qKbW2hMLnGcGwy2M.png](/uploads/0_q_Kb_W2h_M_Ln_Gc_Gwy2_M_b30736d1eb.png)

The Advanced API is now easily accessible and integrated with the rest of Ankr’s RPC services. You will see it as the first option in the top left corner of the interface. By using the endpoint https://rpc.ankr.com/multichain to query within your project’s code, you can give it access to a vast array of multi-chain data accessible at near-instant speeds by using the different methods below. We believe this service will become a single point of reference for multichain requests to create faster Web3 ecosystems.

### Supporting a Growing Variety of Blockchains

Currently, Advanced APIs work with the following 8 EVM-compatible chains:
![0_cTGIaMZftAMXXpa1.png](/uploads/0_c_TG_Ia_M_Zft_AMX_Xpa1_b135519bf9.png)

The Ankr team will continuously add support for an expanding number of both EVM and non-EVM blockchains. This will make the Advanced APIs a tool that becomes increasingly powerful every month.

### Advanced API Methods

Ankr currently has three powerful Advanced APIs: NFT, Query, and Token. Below, you can explore each one of these APIs and how they work.

### NFT API: Pull NFT Data Across Web3

Projects that integrate NFTs, like virtual worlds, decentralized games, galleries, marketplaces, and others, often need to pull data across a breadth of collections on different chains, which can be a challenge. Ankr’s NFT API makes it simple. The API makes it easy to find the details about which collection an NFT belongs to, when it was minted, its past transaction history, who currently owns it, and much more.

The API can request NFT-related data (owners, listings for particular wallet addresses, collections, time it’s been minted, transaction history, and other metadata) across several EVM-compatible chains at once with a single request.

Easily query NFT data across virtual worlds, games, chains, galleries, marketplaces, and more with the following methods:

- ankr_getNFTsByOwner — Retrieves account-associated NFTs.
- ankr_getNFTMetadata — Retrieves metadata of a particular NFT.
- ankr_getNFTHolders — Retrieves holders of a particular NFT.

### Query API: Near-Instant Blockchain Data Retrieval

Query API is an access-ready solution that enables your projects to interact with multiple blockchains in a single request. By indexing blockchain data from all eight currently supported chains, searching through large amounts of data is easier and faster than ever before. Query API has almost instantaneous processing speeds (thanks to new key-value filtering) for searches that might ordinarily take hours to process. Query API serves to request info on the ranges of blocks (max range is 100) for a full list of block metadata.

Search a wide range of blocks across chains and get nearly instant results for addresses, events, block ranges, logs & other stats by using:

- ankr_getBlocks — Retrieves full info of a particular block.
- ankr_getLogs — Retrieves history data of a particular block range.
- ankr_getTransactionsByHash — Retrieves the details of a transaction specified by hash.
- ankr_getInteractions — Retrieves blockchains interacted with a particular wallet.

### Token API: Token Data at Your Fingertips

Ankr’s Token API helps deliver information about tokens on any of the currently supported chains. The Token API allows developers to query things like account balances, how many currencies exist on a given blockchain, how many token holders a given currency has, and a token’s current value.

Notably, our Token API only uses on-chain data, leaving third parties and inaccuracies behind. Ankr constantly scans for on-chain transactions coming from DEXs — flagging transactions and aggregating data into accurate token price feeds in real-time. These tools are crucial for Web3 projects like marketplaces and exchanges looking for efficient ways to query accurate, on-chain data for tokenized assets.

Query data for balances, currencies, token holders, and prices across blockchains with the following methods:

- ankr_getAccountBalance — Retrieves the balance of a particular account.
- ankr_getCurrencies — Retrieves a list of currencies used on a particular blockchain.
- ankr_getTokenPrice — Retrieves the price of a particular token.
- ankr_getTokenHolders — Retrieves info on holders of a particular token.
- ankr_getTokenHoldersCount — Retrieves the number of token holders.

### See What You Can Build With Advanced APIs In Our Developer Guides
![0_ExVZgqId8FwSEibl.png](/uploads/0_Ex_V_Zgq_Id8_Fw_S_Eibl_628f2742b0.png)

See all tutorials on [Ankr’s Hashnode.](https://ankr.hashnode.dev/)

If you aren’t sure how to implement Advanced APIs in your project or need some inspiration, we have you covered! Check out Ankr’s Hashnode for tutorials to build innovative projects using Advanced APIs.

Need more instructions? Head to our [Developer Docs](https://www.ankr.com/docs/advanced-api/overview/) and get up to speed with in-depth instructions.

### Get Started Building Today With the Advanced API SDK

If you’re ready to power your dApps with the most efficient developer tools available, download the [Ankr.js Advanced API SDK](https://www.npmjs.com/package/@ankr.com/ankr.js) today to get started. This compact SDK is made for interacting with Ankr’s Advanced APIs — serving as a javascript library that wraps all these API endpoints into easy-to-use JS code.

Head to the [Advanced APIs](https://www.ankr.com/docs/build-blockchain/products/v2/advanced-apis) section of our docs to see more, or start building right away with the SDK!

### Power Your dApps With Advanced API React Hooks

Want to power your projects with Advanced APIs? [Use our React hooks](https://www.ankr.com/docs/advanced-api/react-hooks/) to fetch multichain data fast and populate your app with accurate and trusted information.




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Advanced API Announcement

Start using the Aptos Testnet with Ankr’s new RPC — now live!

![Ankr Leading the Way With Aptos RPC Service.png](/uploads/Ankr_Leading_the_Way_With_Aptos_RPC_Service_cad84c2228.png)

Ankr is introducing yet another [RPC service](https://www.ankr.com/rpc-service/) for the new blockchain 
[Aptos](https://medium.com/u/70211828fe2e?source=post_page-----44437c114574--------------------------------), becoming one of the first major infrastructure providers to do so. Aptos is the much-anticipated network that will bring new tech and scalability benefits to Web3 as devs building on their testnet have already witnessed pushing TPS of 160,000 thanks to promising upgrades like their parallel execution engine, Block-STM.

Great news for developers looking to get the jump on building on top of Aptos for safe, scalable, and upgradable dApps! You can now access Aptos Testnet Community and Premium RPCs, make request calls, and receive information returns that mirror the results you would get by running an Aptos full node yourself.

Once the Aptos mainnet is released, Ankr will add support for it with additional docs, features, and tools to help streamline building for our Web3 dev community.

### What is the Aptos Blockchain?

Aptos is a layer-1 chain developed by former Meta team members who had developed the Diem project before it was halted. Aptos’s novel technology upgrades and the team’s pedigree have landed it substantial funding already secured from companies like Coinbase, a16z, and FTX, along with much hype from the Web3 builder community.

The Aptos whitepaper cites several important benefits for Web3 development, such as:

Using the [Move language](https://aptos.dev/guides/move-guides/move-on-aptos/#:~:text=%E2%80%8B,as%20structs%20cannot%20be%20duplicated.) for fast and secure transaction execution.
Enabling flexible key management and hybrid custodial options.
Creating a modular approach to transaction processing for low latency and high throughput.
Validator state sharding to scale throughput without adding complexity.
Modular architecture design supports client flexibility and is optimized for frequent and instant upgrades.

[Learn more about Aptos.](https://aptos.dev/aptos-white-paper/aptos-white-paper-index)

### What Is Ankr’s New Aptos RPC?
![What Is Ankr’s New Aptos RPC.png](/uploads/What_Is_Ankr_s_New_Aptos_RPC_cdbb2da277.png)

- [Ankr’s Aptos Testnet RPC](https://www.ankr.com/rpc/aptos_testnet) (Remote Procedure Call) connects your wallet, command-line interface, or dApp with the Aptos blockchain. It acts as a messenger or blockchain router that relays on-chain information between Aptos nodes, dApps, and end-users so they can execute necessary transactions, populates wallet balances, fetches ownership information, and more.
- Aptos RPC endpoints are a gateway for developers to interface directly with the Aptos chain — a portal to communicate easily, remotely, and with no need to go through the DevOps of establishing their own Aptos nodes.
- Ankr is providing a geo-distributed Aptos RPC comprised of blockchain nodes running worldwide for incredibly low-latency and reliable connections.
![aptos testnet.png](/uploads/aptos_testnet_112c205e50.png)

[Get started now with our free Aptos RPC.](https://www.ankr.com/rpc/aptos_testnet)

### How Do the Aptos RPCs Help Developers?

Building with Aptos is an excellent choice to create scalable dApps but requires access to the information on Aptos nodes to do so. Therefore, Ankr’s RPC solves the following developer troubles:

**Eliminates complex node ops** — The Ankr public RPC will completely remove the need for many developers to set up their own Aptos node, removing hours of time spent building, calibrating, and fixing node issues.

**Grants access to advanced tools** — Ankr’s Premium RPC Service instantly grants access to the best tools to build applications quickly, including:

- Unlimited Aptos requests
- Global node distribution
- Dedicated Aptos endpoints
- Prioritized traffic
- Advanced Developer APIs
- WebSockets (WS) capabilities

**Powers apps and open-source software that need access to Aptos** — Connect with a cluster of high-performance nodes that holds the information you need to build and operate dApps on Aptos.

**Supports the Aptos network** - Ankr will strengthen the Aptos network globally by offering easier development and a broader, decentralized node infrastructure. Ankr will incentivize independent and enterprise node operators to add their nodes to the load balancer in return for ANKR tokens, thus adding many additional Aptos nodes to continue to strengthen the network.

### How to Make Your First Call to Aptos

Get started today, and head to [Ankr’s RPC Service](https://www.ankr.com/rpc-service/) to make your first call! You can use the endpoint [https://rpc.ankr.com/http/aptos_testnet/v1](https://rpc.ankr.com/http/aptos_testnet/v1) to call the Aptos chain using the standard EVM JSON RPC methods.

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Ankr Leading the Way With Aptos RPC Service

![SSV Technology Removes Intermediary Risk in Trustless Liquid Staking.png](/uploads/SSV_Technology_Removes_Intermediary_Risk_in_Trustless_Liquid_Staking_38a02f2ba9.png)

If you're new to DeFi, the multiple components of liquid staking might be overwhelming. As a general rule, the more openness and lack of trust, the better. As a result, Ankr is collaborating with SSV.network, an Ethereum Foundation project, to include Distributed Validator Technology into the Ankr Liquid Staking protocol. In this post, we'll go through what this implies for you as an Ankr user, our product future, and the consequences of this new technology for the Ethereum ecosystem.

This article expands on our earlier piece, Ankr-SSV Partnership: A Step Closer to Trustless ETH Liquid Staking, in which we introduced SSV technology and discussed how it works and connects to staking.

### What Does It Mean to Be Completely Trustless?

Trustless systems have the ability to reshape economic relationships by letting consumers establish trust in abstract notions rather than institutions or other third parties," Binance said in a recent post. This allows us to see where the trust is put.

At the end of the day, there is no such thing as a completely trustworthy system. Faith exists in some form or another; the issue is, where do you place your trust, and how do you assess it?

If you participate significantly in the TradFi procedures, you will see that your confidence is fully in the hands of the centralized organization/bank. As a result, if that business fails, your assets will collapse as well, resulting in substantial counterparty risk at the end of the day.

Assume you're involved in blockchains and the DeFi space. In that situation, you trust the source code and consensus procedures of any blockchains in which you invest – Bitcoin, Ethereum, Polygon, Avalanche, and so on.

With that stated, we'll argue that Secret Shared Validator Technology is the least hazardous alternative for delegating staked assets. This is why.

### Ankr and SSV Join Forces

Ankr is pleased to announce that we are collaborating with SSV.network to offer a new liquid staking solution that is completely trustless and non-custodial.

We are dedicated to creating the most secure and dependable liquid staking technology available. SSV technology is the next step in our plan to become completely trustless, permissionless, transparent, and decentralized.

Furthermore, if implemented successfully, this update will assist Ankr in adapting to the shifting staking ecology that Ethereum is implementing as part of The Merge and the Shanghai upgrade.

### A Protocol for Trustless Liquid Staking Asset Delegation

We do not intend to immediately switch over all of our liquid staking products. Instead, we will divide our liquid staking services into two products: SSV Liquid Staking and the original liquid staking.

Let's start with why trustless staking architecture is such a big deal in the first place.

The key benefit of blockchain, as we all know, is its trustlessness. Similarly, entrusting your blockchain-based assets to an intermediary contradicts the point of blockchain. Fast forward to the present, and the marketplace's ecosystem of liquid staking possibilities all demand trust and authorization at some point. You must trust that they will choose reliable validators and maintain the value of your derivative tokens as near to the original asset value as feasible. Unfortunately, you, the user, have no idea who these validator node operators are and have no way of knowing who to trust with your delegated assets.

### SSV Technology Promotes Blockchain-Wide Decentralization

Furthermore, major exchanges like Binance and Kraken may contribute to the overall weakening of blockchain security. Justin Drake discussed this in an interview with The Defiant, noting that the biggest concern to the security of Ethereum's new Proof of Stake consensus method is huge staking validators capable of a 51% assault.

In other words, the decentralization and trustless security of PoS architecture are only sufficient if users seize their newfound sovereignty and either 1.) operate their own nodes or 2.) do due diligence to guarantee that their delegated assets are supporting nodes independent of "staking giants."

Assume that we, as DeFi network members, do not verify that we provide trustless architecture and instead enable centralized staking entities. In that situation, the staking environment has a serious chance of becoming even more centralized than the PoW mining landscape.

### The transition of Ankr to a Completely Non-Custodial Staking Service

Many staking solutions aren't completely trustless since they utilize custodial validators rather than non-custodial ones. Platforms like Lido and Rocketpool, for example, operate non-custodial nodes. This implies that when the protocol wishes to unstake certain assets, it must depend on the validators to do so. As a result, they must believe that the validators will manually unstake and behave honestly.

Remote unstaking without input from the validator would be the perfect approach. When enough users (32ETH total) wish to unstake their assets, a remote unstake of the Ethereum validator might be triggered, making the process trustless and permissionless.

Ankr is transitioning to a non-custodial staking model, which requires decentralizing the whole network of validators.

SSV Promotes the Security of Fungible Liquid Staking Derivatives such as aETHb/aETHc are fungible, which means that each derivative token is similar to every other token. In other words, each token represents a fractional investment in the network's validator nodes.

Furthermore, our liquid staking tokens' fungibility is both a strength and a vulnerability. On the one hand, this implies that aETHb (for example) may be purchased on a DEX and subsequently unstaked for its full value once the Ethereum Shanghai Update occurs. You do not have to be the initial staker who placed your ETH into the Ankr protocol to do so. You can see how this is a significant benefit.

Furthermore, this fungibility may be a problem since it implies that if one of the validators to whom Ankr delegates assets are sliced, everyone who has the liquid staked derivative loses rather than just the individual who decided to delegate to that validator. In other words, if one of the validators chosen by Ankr were slashed, the whole aETHb asset value would be reduced by a negligible amount rather than laying the blame on the original stake that was elected to delegate to that node. But keep in mind that people who liquidate their Ankr stakes do not get to pick who receives their assets. This duty falls on Ankr protocols as a whole but not solely on Ankr protocols since liquid stakers suffer if any of the network's validators are fined.

The Distributed Validator Technology developed by SSV.network offers a solution to this challenge by ensuring a network of four nodes at all times, lowering risk. If one of the nodes fails, the other nodes will take over. Specifically, for a transaction to be validated, three of the four parties must authorize it.

### Eliminating Single Points of Failure in Asset Delegation

In response to these issues, Ankr has decided to strategically shift to Secret Shared Validator (SSV) Technology in order to promote itself as a truly trustless liquid staking solution.

### How SSV Helps to Reduce Single Points of Failure

The node architecture of SSV technology is designed to guarantee that if one of the operators is not trustworthy, it will not harm the network as a whole.

Let us provide an example to understand better. Let's imagine we have one node operator called Ben, and although he wants to be a trustworthy operator, his network connection is unreliable, and his nodes fall down rather regularly, increasing the danger of cutting significantly. This is what would happen if he were a member of an SSV network. When he went down again, one of the other three out of four operators would take up the slack for that node, lowering overall risk.

Given that Ankr delegated its assets to our Secret Shared Validator Network, this would imply that we are assuring that there is no single point of failure and so boosting overall staked asset security.

We will keep the assets of SSV liquid stakers on a totally fault-tolerant, slashing-free, decentralized security layer after SSV technology is included in the Ankr protocol liquid staking process.

### Conclusion

In brief, when delegating assets to nodes, all liquid staking mechanisms on the market now need you to trust them. This asset delegation risk will be considerably reduced with the future launch of Ankr's SSV-run liquid staking service by eliminating single points of failure and delegating staker assets to a network of nodes rather than a single validator node with different degrees of risk reduction.



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Trustless Liquid Staking: Removing Intermediary Risk With SSV Technology

![Why Depositing Liquid Staked Tokens in Liquidity Pools Fall flat.png](/uploads/Why_Depositing_Liquid_Staked_Tokens_in_Liquidity_Pools_Fall_flat_35e73d2db0.png)

The better the capital efficiency of an investment, the more utilizable capital you obtain from it. Consider this: if you invest $1,000 in a Fortune 500 company, that money is capital inefficient since it is locked up in the stock and can only be used in one way: selling it. Similarly, when you stake your assets on a PoS blockchain, those assets become locked up and capital inefficient. Furthermore, staking Ethereum, in particular, is massively capital inefficient since your assets are not only locked but are held indefinitely until the entire proof of stake merging occurs.

Liquid staking emerged as a solution with the fundamental value proposition of allowing capital efficiency on staked assets. It implies that you may stake a token like BNB and obtain a liquid staked token equal to the value of your original staked assets using protocols like Ankr Staking. As a result, you may now use those staked assets in additional DeFi strategies, making it capital efficient once again. When you wish to cash out, you start the unbonding period on Ankr Staking and wait for your original assets + staking winnings to arrive.

### What Is the Importance of Capital Efficiency?
The ability to access previously locked money gives new options to deploy capital and enhance return.

Furthermore, you may now stake your assets without the inconvenience of establishing a node or the whole cash necessary to maintain a node. This leveled the playing field of possibilities!

It also gives you more freedom and flexibility to use your cash wisely, leading to improved decision-making for investors. The majority of protocols require you to wait a specific amount of time before you may access your tokens if you want to unstake them. However, with liquid staking, you may simply sell your liquid-staked tokens on the market and have immediate access to your cash. Furthermore, you may distribute your staked tokens via different DeFi protocols to increase your return, whether you provide liquidity or lend your tokens to others.

Liquid Staking additionally expands DeFi's technical possibilities. It enhances the DeFi ecosystem as a whole, offering additional liquidity, connecting communities together, and making them more efficient via new listings on DEXs, new loan markets, or new arbitrage possibilities.

### Liquidity Pools' Capital Inefficiencies

With that stated, we can see how the fundamental benefit of liquid staking is the capital efficiency gained even when your assets are staked. The last thing we want to do is lock up the assets in quest of higher income. One of the key disadvantages of liquidity pools is that capital efficiency is lost. Above all, you can't use it; your assets are once again locked.

As a result, we can observe that liquidity pools inside DEXs have more underlying concerns than first seems.

The use of Liquid Staked Tokens in LPs reduces overall rewards.
Remember that the major motive for yield farming inside liquidity pools is to earn transaction fees from the pool. As a result, the best LP combination would be two assets that are tied to each other, such as USDC/DAI or wBTC/BTC. However, liquid-staked tokens, such as aETHb, are reward-earning and rise in value over time as a consequence of incentives.

The main problem is that having a liquidity pool with an asset and its liquid-staked derivative has a number of drawbacks. Consider this: in order to provide money into a liquidity pool, you must deposit two assets of equal value. You might, for example, provide aETHb and ETH. But, since aETHb already receives rewards and ETH does not, you'd earn more return by transferring all of your available assets into aETHb rather than distributing it evenly between aETHB and ETH for the purpose of the liquidity pool.

Furthermore, the liquid staked derivative (ie, aETHb) grows in value and is hence liable to Impermanent Loss. To summarize, the liquidity pool transaction fee incentives do not compensate for the opportunity cost of just staking half of your assets and the temporary loss from the reward-bearing nature of liquid-staked derivatives.

### Conclusion

Finally, liquidity pools are dangerous, and we would not encourage placing liquid staked tokens into them since it reduces staking profits due to temporary loss and makes your recently capital-efficient assets inefficient again.




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Why Depositing Liquid Staked Tokens in Liquidity Pools Doesn’t Add Up

![Everything You Need to Know About the Ethereum Merge.png](/uploads/Everything_You_Need_to_Know_About_the_Ethereum_Merge_41b277107f.png)

The phrase 'Merge' has sparked the imagination of many in the crypto world for quite some time. The Ethereum Merge has been on the minds of key individuals in the cryptocurrency industry, and many have shared their views and perspectives on one of the most meaningful actions in the brief history of blockchain technology.

### What Is The Ethereum Merge, Exactly?

On September 14th, 2022, the Ethereum blockchain's consensus technique will change from proof-of-work (PoW) to proof-of-stake (PoS) (PoS). Vitalik Buterin, Ethereum's creator, discussed this upgrade in public blogs during Ethereum's initial coin offering (ICO) in 2014, long before the network's launch in July 2015. Although Ethereum has successfully overcome numerous testing challenges since then, periodic delays have dampened excitement. The upgrade's testnet went live in early May 2019, and the new 2.0 chain started functioning in parallel in December 2020.

Validators "stake" the blockchain network's native coin by putting it into a private smart contract. Then, validators are selected randomly to validate each new block and earn the delegated payment.

### The Merge from ETH 2.0

The Merge is part of what was formerly known as "ETH 2.0," a set of enhancements that rebuild the blockchain's essential characteristics. It is also regarded as the second step of Ethereum's multi-part upgrade to increase scalability, security, and energy efficiency. It will do this via sharding and rolling out upgrades to boost scalability.

Ethereum has been actively improving since late 2020 when a testing version of the Ethereum PoS blockchain known as the Beacon Chain was launched. Because ETH2 is the next version of Ethereum, the transition from ETH PoW to ETH PoS has been dubbed "The Combine." During The Merge, the PoW chain and the Beacon Chain will merge to form a single blockchain.

The PoS consensus technique is more environmentally friendly than the PoW consensus mechanism, in which miners compete for new blocks by squandering massive amounts of computer power and energy. Aside from the environmental impact, many believe that switching to PoS would reduce the risk of over-centralization by making the validator function available to everyone with Ether to stake rather than simply those with expensive mining equipment.

### What Will Change After the Merge?

More individuals and firms who aren't currently involved in the cryptocurrency sector, particularly institutional investors, will be able to join the Ethereum market. DeFi protocols, NFTs, and the Web3 ecosystem are now available to millions (if not billions) of consumers. This is almost probably positive news for the Ether price.

It will change Ethereum and make it the industry's premier Proof-of-Stake (PoS) blockchain, but not without a protracted and expensive development phase.

In this section, we will look at some of The Merge's possible implications and the on-chain indicators that observers may use to track these effects.

How Does Staking Keep the Network Safe? And why is it so pricey?
Billions of dollars are being invested in securing, stabilizing, and scaling the Ethereum PoS network. So far, the total amount of Ether invested has surpassed 13 million ETH. In other words, before the Merge, users (also known as Validators) staked their Ethereum and committed almost $29 billion to the network's security.

The Validators' reward may not seem enticing right now, but it will increase from 4% to 10% in the near future. The amount of Ethereum staked surpassed Solana's market value, the most extensive PoS network at the moment. However, not all validators are decentralized since some are controlled by centralized exchanges, custodians, and staking pools like Lido and Rocket.

However, validators should be aware of technical concerns with such a significant shift. For inappropriate conduct, a Validator's stake may be reduced. Validators, for example, may face repercussions for dishonesty. They may also be ejected from the network owing to slashable infractions such as duplicate proposals, competing proposals, multiple voting, and downtime (offline penalty when more than 1/3 of the nodes are unavailable).

### The Ascension of Ultrasound Money

The elimination of miners from the Ethereum ecosystem is also something to think about since the need to pay large block rewards will no longer be an issue, significantly limiting the generation of new ETH. User payments are partially burnt and partially allocated to validators throughout the process. This is the Ether burn strategy employed in the EIP 1559 London hard fork, which burned over 2.25 million ETH, or more than $5.6 billion.

It will lower inflation from 4% to -1%, making Ether deflationary anywhere network activity increases. This gives rise to the phrase "Ultrasound money," which some community members have already dubbed Ethereum.

To address scalability concerns, the original design called for sharding procedures to be carried out prior to The Merge. However, with the emergence of layer 2 scaling solutions, the emphasis has changed from proof-of-work to proof-of-stake through The Merge.

Sharding tactics are constantly evolving. However, this may no longer be required if layer 2 technologies become increasingly prevalent for expanding transaction processing. Today, sharding strategies are mainly concerned with equitably distributing the burden of storing compressed call data from rollup contracts. Proof-of-stake implementation is required for exponentially rising network capacity.

### What About the Myths of the Ethereum Merge?

Not everything you read or hear about the merger is accurate. Here are a few prevalent beliefs that have been disproved.

"Node operation requires the staking of 32 ETH" This is not true. Who may sync their own verified copy of Ethereum is unrestricted (i.e., run a node).

"Gas costs will be much lower following the merge" is likewise false. The Merge is a change in the consensus technique, not an increase in network capacity, and it will not result in lower gas costs.

"Transactions will be much faster after The Merge" is likewise inaccurate. Despite modest changes, the transaction speed on layer 1 will remain constant.

"After The Merge, you may withdraw staked ETH" This remains wrong. The Merge does not yet support staking withdrawals. Withdrawals from staking will be allowed in the next Shanghai upgrade.

"Until the Shanghai update, validators will not be rewarded with ETH when withdrawals are allowed" False. Fee tips/MEV will be credited to a validator-controlled Mainnet account and made promptly available.

"When withdrawals are permitted, all stakers will go at once" This is also inaccurate. For security concerns, validator departures are rate restricted.

"The staked APR will grow thrice after The Merge" False. Recent projections predict a 50% increase in APR after the Merge rather than a 200% increase.

"The Merge will disrupt the chain" This is incorrect. The Merge upgrade is designed to facilitate a smooth transition to proof-of-stake.

### Staking and Ethereum Network Upgrades in the Future

One of the first questions is whether The Merge will enhance staking activity on the Ethereum network.

More than $30 billion in Ether has been staked on the PoS Beacon Chain, making it the most valuable PoS blockchain even before it replaces the Ethereum PoW Network. Staking requires installing specific software and hardware, which may be obtained from third parties. Many other people have staked by contributing ETH to a staking pool. Staking pools, like mining pools, allow several users to combine their resources in order to boost their chances of being chosen to propose a new block and split the profits.

For various reasons, staking will become an even more enticing choice after The Merge. Users will likely feel more at ease staking once PoS is fully introduced and PoW is banished to the past. The notion that Ethereum PoS would be more ecologically friendly may assuage investors who are concerned about long-term sustainability. This is especially true for institutional investors.

The Merge also establishes the foundation for future Ethereum developments. The contract cannot be retracted if ETH is deposited directly on the beacon chain. Some staking systems provide liquid, synthetic assets that function as a receipt for users' staked ETH, albeit these synthetics may not always be pegged 1:1 to ETH. While The Merge will not immediately change this, a future update known as the Shanghai upgrade will allow users to withdraw staked Ether, increasing stake liquidity and making staking a more enticing proposition overall. Other scalability enhancements, like sharding, that seek to reduce gas prices and speed up transactions are also on the horizon after The Merge.

These changes, starting with The Merge, should make ETH a more appealing asset to own and, by extension, to stake.

Ethereum is establishing itself as a viable institutional investment option.
In addition to a general increase in staking, we will be looking for institutional investors like JP Morgan to begin or increase their Ethereum staking activity.

We've previously highlighted how the valuations of crypto assets like Bitcoin have become increasingly closely linked to tech stocks and other high-risk, high-reward assets. After The Merge, the price of ETH may decouple from other cryptocurrencies since its staking incentives will make it equivalent to products that carry a premium, like bonds and commodities. Validators may expect annual payouts of 10-15% in ETH from staking incentives and transaction fees without even considering the chance that the price of ETH may rise, increasing revenues in terms of fiat money.

These returns may make staking Ethereum more appealing to institutional investors than bonds. Despite rising over the prior year, the one-year US Treasury bond yield is 3.5% as of September 2022.

According to the statistics, the number of wallets pledging at least $1 million in ETH, often known as institutional stakers, has been steadily increasing.

It will be interesting to see whether the number of institutional-sized stakeholders rises faster following The Merge, as Ethereum demonstrates itself as a viable PoS yield-generating option.


The switch from PoW to PoS will need changes in mining operations. A significant number of miners and mining pools are now mining assets across many blockchains, dynamically splitting their hash rate based on market movements. However, the bulk of mining is focused on Bitcoin and Ethereum. Ethereum miners will be forced to relocate, but Bitcoin is unlikely to be an option.

Several Ethereum blockchain-based businesses employ the power of distributed GPUs to do specified computing tasks decentralizedly, compensating GPU owners in return for ETH or ERC-20 tokens. So, does this mean that millions of previously productive GPUs would suddenly cease processing transactions, denying their owners the ability to earn from cryptocurrency? Perhaps not in every case. Consider the following two scenarios:

Livepeer is a decentralized video streaming service that pays GPU owners for content transcoding.
Render network provides a comparable service for 3D graphics generation and allows GPU owners to earn money by sharing their gear with others.
Non-cryptographic uses for GPUs include data center computing, gaming computers, and other heavy-duty devices. Despite the recent drop in on-chain activity, it will be interesting to watch whether these and related networks see an increase due to an influx of GPU owners looking for yield alternatives after The Merge. Some miners may decide to sell their GPUs to industry participants.

Meanwhile, as application industries thrived during the 2020-1 bull market, the Ethereum network became overburdened with a high transaction volume, and transaction fees surged. Other protocols, such as Binance Chain, Solana, and Avalanche, were able to grab Ethereum's market share as a result.

The announcement of the update's projected delivery date removed uncertainty and fueled expectation that Ethereum will reclaim market dominance. Since then, the price of Ether has more than doubled, and the volume of Ether options has surpassed that of Bitcoin options for the first time, with the ratio of calls (bullish stance) being around four to five times that of Bitcoin.

### What Are the Advantages?

The following are the primary benefits of a successful merger:

Enhance the Ethereum network's efficiency
reducing energy use by more than 99%
Operating costs will be lower since validators will not be needed to make major hardware expenditures.
Because a portion of transaction fees is burnt, issuance of Ether will be reduced by roughly 90%. (destroyed).
It is becoming simpler to participate in network security.
You just stake your assets and receive transaction fees.
Given these advantages, it's logical to expect Ether to outperform Bitcoin in the foreseeable future. Ether's price in BTC is presently just 45% of its all-time high and 10% of its annual high, which was set in December.

If the second biggest blockchain system successfully transitions to proof-of-stake, it will influence the continuing discussion between proof-of-stake and proof-of-work approaches. The significant energy consumption of proof-of-work blockchains (including Bitcoin) may further skew public opinion against them. If Ether is successful in "flipping" Bitcoin and becomes the dominant cryptocurrency, Bitcoin's supremacy will surely wane.

And although Ethereum's cautious approach to the update has resulted in significant delays, it also provides confidence that the technical concerns will have been significantly addressed by the time the upgrade goes live.

### What Are the Risks?

Despite Ethereum's meticulous approach to releasing the proof-of-stake upgrade, new technologies always have the potential for errors and difficulties.

The price performance of Ether may be most vulnerable to a widespread misunderstanding of what The Merge will accomplish. The switch to a proof-of-stake network is merely the first step in Ethereum's evolution. And, although the date is set in stone and the prospect of future delays is remote, an unexpected delay would negatively influence Ether's price.

Following the change, there is a slim likelihood that authorities may classify Ether as a security. This is unlikely, given that the bulk of blockchain systems are already proof-of-stake. As a result, Ethereum is not the first to provide this capability. Furthermore, such a negative regulatory response would be at odds with Western regulators' typically welcoming and friendly attitude. However, the legal grounds are murky, allowing arbitrary regulatory action.

The most significant risk is that The Merge will not make transactions faster or cheaper, and this improvement will not be fully realized for at least a year. On the other hand, the medium-term potential of a well-thought-out, complete upgrade of the (by a wide margin) most widely used smart contract platform is enormous.

### Surrounding Market Trends

Ethereum futures expiring after the projected Merge go-live date have been trading at a discount to the market price – the most significant gap since the March 2020 crisis. This might be seen as market participants preparing themselves for "buy the rumor, sell the news" trades, suggesting that the good news has already been priced.

However, the downturn in Ether futures is more likely the result of an arbitrage trade (long spot/short futures) aiming at benefitting from a projected fork of Ethereum's proof-of-work version. Prominent miners want to retain the existing system and provide a new currency for free to Ether holders.

### Conclusion

Finally, the Merge is analogous to changing the engines of a flying airplane, which is unfathomable to the human mind. However, the success of the Merge would be a win for every individual, institution, and organization in the blockchain ecosystem since it would offer up even more prospects for the welfare of humankind in ways that most people could not imagine.

This merger is considered one of the most significant and anticipated events in the bitcoin business. It is set to take place on September 14th. The countdown has started, and the excitement is intense. "Are we ready for it?" the question lingers.

The Merge might substantially impact the price of ETH and its overall attractiveness as an asset, affecting staking, mining, and institutional adoption of cryptocurrencies. The Merge's impact on crypto markets starts with on-chain data. Although it is difficult to predict the specific market reactions or how strong they will be, the on-chain techniques indicated above may help monitor them after The Merge.



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The Ethereum Merge: Everything You Must Know

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Renato Zamagna

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Decentralized finance (DeFi) signaled the beginning of a new era in the history of crypto assets. Unlike conventional finance, it does away with the necessity for centralized middlemen, lowers the barrier to entry into financial markets, and enables the seamless flow of assets.

DeFi, on the other hand, is infamous for staking incentives, which may lock up crypto assets for a lengthy period of time, restricting profit potential. Enter Liquid Staking, which enables extremely liquid and interoperable financial services.

The rise of DeFi shows that this new, open financial industry is expanding. DeFi Pulse estimates that the total value of DeFi systems will reach $100 billion by 2022. However, statistics alone do not do justice to the remarkable innovation that the DeFi sector has produced in such a short period of time since its inception.

Despite this outstanding track record, crypto-staking smart contracts have a number of severe issues when it comes to DeFi use. They have a special impact on liquidity investors while striving to grow the DeFi economy.

One such issue is the inability to generate any interest on staked assets. As a consequence, DeFi Markets now offers liquid staking.

### What is the definition of Liquid Staking?

Staking in PoS-based projects has historically sought to lock one's assets in a single network for a lengthy period of time in return for a fixed, preset staking income. While it guarantees the investment return on staked assets, it also limits token owners' capacity to produce higher returns on those assets via the DeFi ecosystem, similar to a bond.

### What distinguishes it from regular staking?

If you've staked all of your cryptocurrency holdings, you're in a liquidity crisis and won't be able to invest in or trade in more profitable crypto pairings on exchanges.

This method works by tokenizing stakes, which allows token holders to use them as collateral in other financial applications. Tokenized stakes, also known as staking derivatives, work similarly to derivatives in that they may be freely exchanged between people, places, and blockchains. As the name implies, it allows you to employ your staked crypto assets in different accessible trading or investment possibilities to obtain the best of both worlds: the expected return on your staked assets and the APR, earnings from new trading/investing opportunities you discover.

That is the underlying reason behind the recent spike in popularity of Liquid Staking. Several new projects with liquid staking are sprouting in the DeFi ecosystem, and crypto token holders want to increase the value of their holdings as well. Here, we'll take a look at one such project that has lately received a lot of attention.

### What has it to do with DeFi?

DeFi is a breakthrough that allows you to maintain your crypto assets while benefitting from their liquidity. Whether to earn interest, borrow funds, or increase agricultural produce. This is in sharp contrast to traditional finance, which states that once you have invested in a stock or other investment vehicle, you may only benefit when the asset's price rises or falls. Liquid staking is essentially an extension of that concept, with the core premise being that idle assets should be able to be used as collateral in other financial applications.

As a consequence, it broadens investment alternatives and, as a result, the connection to DeFi. For example, you might take the bulk of assets staked on a blockchain, tokenize their staked positions, and then incorporate them into other protocols. Staking investors may utilize this to restrict their risk exposure while earning additional returns on staked crypto assets.

It also allows Tokens to move freely between users as tokenized assets, from different places, or even on other chains. When everything is said and done, a DAO (decentralized autonomous organization) may manage jointly tokenized stakes. The rights associated with tokenized stakes may be divided and retained by separate organizations formed for a specific purpose.

This asset flexibility is an essential component of DeFi, and it has been proved to boost creativity in the Ethereum ecosystem. For example, MakerDAO provides DAI currency that can be borrowed and loaned via the Compound protocol. This advancement in DeFi has given rise to new motives to invest as well as new investment techniques. Essentially, it automates interactions between the two protocols, resulting in enhanced profits and lower risks for token holders participating in such transactions. To recap, tokenizing staking provides token holders greater influence over their crypto tokens while also accelerating DeFi innovation.

### What are the challenges?

In theory, liquid staking is another kind of derivative that may assist investors in gaining liquidity rapidly. However, such staked derivatives are not always fungible, and the condition of the underlying risk is not taken into account. In actuality, while analyzing a staking derivative, we evaluate speculation, appreciation, network adoption, and reliability. As a consequence, such inequalities and correlations make it difficult to price and fully account for the risks they provide. It will be difficult to aggregate them successfully since they are significantly more complicated than a simple sum.

In theory, a validator might short its own derivative currency and profit from price declines. A validator entity may also profit from this decline when borrowing big amounts since it may pay back the borrowed tokens at a lower price.



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Liquid staking: The DeFi upgrade

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Most blockchains, such as the Ethereum network and other EMV-compatible networks, are permissionless, which implies that anybody may access, build on, and participate in the network by hosting a node. These permissionless blockchains run on a transparent, public ledger that is shared by all network nodes. However, there is another less-explored blockchain: a permissioned network. This post will look at what a permissioned blockchain is, what sectors and use cases it can be used for, and how it can be linked with Ankr App Chains. Let us begin!

### Overview of Application Chains

First, a short review on App Chains, which are dedicated sidechains allowing developers to modify their own blockchain protocol with plug and play tools to meet their specific demands. They're effectively a blank canvas for developers to construct products with no limits and complete customizability, which are then anchored to some of the largest blockchains in existence, such as BNB Chain, Avalanche, or Polygon. However, because of their versatility, they might be difficult to design if you don't have a lot of Web3 programming knowledge. That's where Ankr's App Chain solution comes in to support people in need. This service tackles the most difficult aspects of developing, deploying, and growing dApps on App Chains.

While developers and commercial customers may tremendously benefit from operating their projects on App Chains with Ankr, we think there is also a market fit for enterprise-level users like as banks, private firms, and even governments and CBDCs.

But, before we go too far into permissioned App Chain connections, let's first go over what permissioned blockchains are, how they function, and who may want to use them.

### What Are Permissioned Blockchains?

Permissioned blockchains are blockchain networks that incorporate an access control layer. That implies there is a central authority in charge of controlling who may access and utilize the blockchain. Users will require unique access keys in this system to see data, interact with data, or validate transactions on the network.

Permissioned blockchains, often known as private blockchains, are similar to blockchain networks but lack the decentralization. That may sound strange. Who would want to utilize anything like that? Private blockchains are being considered by a number of sectors, including some of the world's biggest.

### Permissioned Blockchain Use Cases

Enterprises are the most likely candidates for permissioned or private blockchains. They may desire the usability advantages of blockchain technology but must keep some data secret for regulatory concerns or not share critical business information with rivals.

### Private banks

Banks are a big prospective consumer of private blockchain networks. Blockchain technology enables banks to conduct cross-border transactions rapidly and seamlessly. However, it is uncommon in conventional banking to show account balances in a public database or shared ledger. In blockchain, however, a simple block explorer can tell you the balance of any wallet address.

Many banks, including City, HSBC, and JPMorgan, have already begun investigating and implementing varying degrees of blockchain technology integration. JPMorgan, for example, established the Interbank Information Network (IIN) in 2018 to promote the seamless, worldwide transmission of data between banks with improved data access control. In other words, it's a mechanism that allows banks to communicate some information with one another while keeping other information secret. It is an endeavor to reduce friction and allow participating banks to send important information instantly in order to achieve speedier payment completion — and more than 300 institutions have already indicated their desire to join this network.

### Central banks and CBDCs

Central bank digital currencies (CBDCs) are digital versions of a country's official currency issued by its central bank. Unlike conventional cryptocurrencies such as bitcoin (BTC) or ether (ETH), the monetary supply policy of a CBDC is governed by a central authority: the central bank. CBDCs are so distinct from the digital assets found on public, transparent blockchain networks such as Bitcoin and Ethereum. Having said that, numerous central banks have indicated an interest in establishing CBDCs utilizing blockchain technology – private, permissioned blockchain technology, of course.

### Supply Chain

As supply chains investigate the potential of blockchain technology, the requirement for permissioned blockchain architecture becomes evident. Permissioned blockchains are a viable solution that is gaining traction in this market for keeping supply chain data correct from end to end and limiting access to only trustworthy parties.

### Insurance

Private blockchains may also aid the insurance industry's transition to Web3 and the adoption of blockchain technology by improving privacy for sensitive, evidence-based data and allowing better-permissioned data exchange through a complex network of linkages. Insurance companies profit considerably from incorporating blockchain technology, which allows automated claim payments, fraud reduction, and the possibility to significantly decrease overhead costs by lowering the number of intermediate parties required to process claims.

### Healthcare

The healthcare business, like the insurance industry, deals with extremely sensitive data that is regulated and safeguarded by the strictest regulatory frameworks. As a result, medical data access control is crucial. However, it is equally vital that medical data be shared safely, securely, and rapidly across various healthcare institutions such as hospitals, offices, and medical experts that may be situated in completely different regions of the globe. The data transmission requirements of the healthcare sector as a whole reflect the kind of massive throughput that necessitates sophisticated enterprise-grade infrastructure solutions.

### The Future of Private Blockchains

These are just a few of the numerous sectors that blockchain technology may enhance by enhancing automation, decreasing latency and friction across businesses, and lowering overhead costs – all while maintaining safe data access control through permissioned blockchain infrastructure. Enterprises may get the same security, immutability, and transferability that comes with a public distributed ledger while still preserving additional steps to manage access to sensitive data via permissioned blockchains.

Given the massive magnitude of the sectors interested in and researching permissioned blockchain technology, assisting in the onboarding of these business customers would be a huge advantage to the Web3 ecosystem as a whole. There will always be a need for private data (such as medical records, insurance claims, bank statements, supply chain records, and so on), thus we feel we should assist in integrating such requirements inside the greater Web3 framework of blockchain technology. Just because there is a huge need for decentralized blockchain networks doesn't imply there isn't also a huge demand for private networks in specialised businesses.

We think that banks, government agencies, and privacy-related companies will not go away. In reality, there will almost certainly always be a demand for privacy-focused data sharing capabilities in areas such as insurance, health care, supply chain, and others. However, we think that these entities will eventually migrate to Web3. Rather of resisting their involvement, we should make it simpler for them to join and give them with the tools they need to better their operations and become more efficient.

### Permissioned Blockchains as Ankr App Chains

Ankr thinks that whenever these businesses shift to Web3, these are the sorts of networks they will most likely seek. Furthermore, these sectors represent long-established conventional firms whose whole tech stacks reside in Web2 – implying that they are unlikely to have significant Web3 knowledge or competence. These businesses also generate enormous volumes of data and transaction processing due to their scale. These characteristics combine to make them ideal candidates for permissioned blockchain infrastructure linked with Ankr App Chains.

For a few essential reasons, App Chains stand out as a distinct and strategic option for business users. App Chains, specifically, provide:

### Massive enterprise-grade throughput

High customizability to meet the unique demands of these sectors
The main problem for these conventional organizations wishing to join Web3 is a lack of technical experience and Web3 understanding, which is where Ankr's App Chains solution shines. With our solution that manages everything from start to finish for consumers, Ankr can considerably decrease the technical barrier to developing a dedicated App Chain.

Typically, building a blockchain — sidechain, mainchain, or otherwise — includes bootstrapping all of the infrastructure for validator nodes, RPC nodes, block explorers, testnets, faucets, staking mechanisms, and more. However, with Ankr's new App Chains, any Web3 developer can quickly establish a new App Chain, complete with all of the infrastructure mentioned above.



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App Chain Use Case: Permissioned (Private) Blockchains

## Blockchains for Application: Greater Flexibility and Scalability for Web3 Development
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### Introduction
All inventive scaling methods have emerged in the continuous attempt to make blockchains sufficiently scalable for enterprise-level traffic. The most recent advancement in scalability is the use of application-specific blockchains, sometimes known as "subnets." In this post, we'll define subnets, discuss how they're presently utilized, how they make dApp development more flexible and scalable, and discuss Ankr's role in aiding their continuing growth and success. Let's get started!

### What Are Application-Specific Blockchains, also known as Subnets?
Application-specific blockchains are precisely what their name implies: blockchain networks devoted to a single application. These application-specific blockchains function as child chains connected to a mainchain or parent chain. With this design, the application-specific blockchain may have its own consensus mechanism, process its transactions, and retain much of the security and provenance are given by its parent chain.

Under somewhat different titles, a few ecosystems are pioneering the concept of application-specific chains. Polygon is introducing "Supernets," Binance Chain is developing "BAS," and Avalanche just refers to them as "Subnets."

### The Benefits of Subnets: Flexibility and Scalability
So, why would a developer construct their decentralized application (dApp) on an application-specific blockchain (or subnet) rather than on top of an existing blockchain like as Ethereum utilizing smart contracts? There are many causes for this.

For starters, smart contract development might be more rigorous than most developers want. Without going into too much depth, smart contract creation is dependent on certain programming languages and the limits of specific virtual machines such as the Ethereum Virtual Machine (EVM). Developers have far more freedom by creating on a subnet. They have the option of using several programming languages, consensus processes, and development frameworks. If a ready-made solution isn't appropriate, they may alter and adjust the components as needed. More security may be applied if necessary. They can employ proprietary cryptography if they wish to.

Second, subnets are meant to be more scalable, which means they can process more transactions faster and more cheaply than smart contracts on a Layer-1 blockchain. Because smart contracts on Layer-1 are all operated by the same virtual machine (e.g., EVM), they compete for resources. Consider a future in which hundreds or thousands of dApps are all depending on a single virtual machine and attempting to service their individual communities simultaneously – network congestion quickly accumulates.

When considering high-throughput use cases (such as decentralized gaming), which involve millions of concurrent users processing hundreds of millions of transactions (think avatars, items, NFTs, and other in-game transactions), the need for extreme scalability provided by subnets becomes abundantly clear. There is presently no blockchain capable of sustaining the network load of a massively popular Web2 video game. Not in their present form, at any rate.

### Subnets in Action
Developers have maximal freedom and sovereignty with application-specific blockchains. They may choose which programming languages to employ, which framework to create their state machine with, and which consensus mechanism to utilize to manage their application-specific blockchain. Subnets are also a novel technique of scaling dApps to serve enterprise-level network traffic with optimum performance since dApps on application-specific blockchains no longer compete for common resources.

This technical advancement is based on the phrase "one chain, one game," yet its applications go well beyond decentralized gaming. Any dApp may benefit from existing on a blockchain that only runs one application. As a result, there is no rivalry for storage or computing, and scalability may flourish.

Although previously unnoticed, industry-leading networks, including Cosmos, Avalanche, and now Binance, have identified the intriguing potential for subnets to increase blockchain scalability and spur more Web3 development in general.

The Role of Ankr in the Development of Application-Specific Blockchains
Ankr stated in March 2022 that it collaborated closely with Binance Smart Chain (BSC) to launch the first Binance Smart Chain Application Sidechain (BAS) testnet with Celer and NodeReal. The BAS testnet is a platform for developing application-specific blockchains tailored to dApps in the ecosystem of the BSC blockchain. Ankr is excited to continue supporting the Binance ecosystem as an infrastructure partner and to usher in the new age of scalable development using subnets.

With the adoption of BAS in 2022, dApps operating on BSC sidechains may anticipate very cheap or near-zero transaction fees, as well as better throughput and more development freedom. BAS, in particular, will enable far more data- and volume-intensive apps, like as Web3 games, to operate concurrently inside the Binance ecosystem without hitting scaling limits.

Developers may get started right away since Ankr has already created the first BAS testnet!

### Subnets' Future, Scalability, and Ankr's Involvement
Though still a relatively new scaling option, subnets have the potential to significantly boost the throughput of specific dApps and the overall pace of Web3 development by providing developers with additional tools and freedom to do what they do best: create.

And, as one would expect, as the number of distinct blockchains devoted to particular dApps grows, so will the need for node infrastructure. A single dApp may need hundreds of servers, nodes, endpoints, validators, and other components to function as an application-specific blockchain. Therein lies the tradeoff and another potential for Ankr to meet market demand.

Ankr intends to provide more node infrastructure for application-specific blockchains in the future, as well as possibly expand its present validator node services into a validator-as-a-service offering to assist in the establishment of new subnets. Ankr is uniquely positioned to service the infrastructure demands that will undoubtedly develop with the spread of application-specific blockchains as the fastest growing — and more decentralized — Web3 infrastructure provider.



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Application-Specific Blockchains: More Flexibility & Scalability for Web3 Development

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