Adding Ethereum security to the new Web3 protocol is Ankr’s most significant feature, according to many. It blends cutting-edge liquid staking technologies, secure node operations, and effective scaling services. The introduction of the new Address Verification Service is made possible by Ankr’s infrastructure for essential operations. WitnessChain and Ankr work together on DePIN, shared security, and scalability.
WitnessChain is the initial physical state consensus mechanism intended to unify the Decentralised Physical Infrastructure Network; it is also referred to as the EigenLayer AVS for DePIN coordination. There are countless ways to facilitate a shared economy of tangible assets with the WitnessChain. Exchanges of resources like computer power, storage, and communication are made possible by it.
WitnessChain will allow DePIN initiatives to exchange data regarding network capacity and physical locations. WitnessChain makes it simple for decentralised physical infrastructure networks to link to one another. They have the ability to establish a vast supply chain for decentralised infrastructure, and WitnessChain is powered by technology developments in the DePIN ecosystem. The proof of location mechanism is the main driving force behind the network’s complete physical decentralisation.
WitnessChain offers proof of location incentivization, rewarding dispersed operators throughout the globe. DePIN is one of the most important blockchain concepts of 2024 due to its broad consequences for the bitcoin ecosystem and the real-world Web 3.
Decentralised Physical Infrastructure Network makes use of blockchain technology’s full capabilities as well as coin incentives. It has the capacity to completely transform the way that goods and services are sourced in the current day. WitnessChain Watchtower nodes have a well-established reputation for being highly efficient independent DePIN network auditors. They are in charge of action verification, physical infrastructure verification, constructing a dependable decentralised infrastructure system, and assisting in the operation of decentralised physical infrastructure networks.
Watchtowers gained significance by turning on primary features, acting as the DePIN networks’ trust element. Proof of diligence, proof of location, proof of bandwidth, and the DePIN coordination layer are the main functions that Watchtowers facilitate. Watchtowers ensure that computations occurring on L2 networks are carried out correctly.
The evidence of diligence feature of the Watchtowers guarantees complete integrity and network security. Features like Proof of Bandwidth and Proof of Location are available on WitnessChain. Because watchtowers enable DePIN systems to exchange data like position and capacity, they are crucial to the creation of a linked framework.
Using the DePIN coordination layer, DePIN created an end-to-end decentralised infrastructure supply chain. The DePIN coordination layer enables multiple features, including dual staking. Ankr operates WitnessChain’s AVS node, which is a crucial function for the project. It also entails executing WitnessChain validators in addition to ensuring the protocol operates efficiently.
Ankr is well-known for its high-performance AVS node operations, distributed validation, and round-the-clock support in addition to its round-the-clock maintenance. WitnessChain Watchtowers’ integration with Ankr creates new opportunities for L2s, including enhanced security, more tools for Ankr, and interesting possibilities.