Ankr is a blockchain infrastructure that aims to improve user experience, optimize processes and reduce costs for Web3 users.

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Blockchain can be best described as a decentralized type of database that is used to maintain a growing list of records called blocks. Each block contains a list of transactions, a timestamp, and a link to the previous block, which effectively creates a chain of blocks that cannot be altered. However, as the data stored in the blocks continue to grow, the underlying blockchain network starts facing scalability issues, leading to added problems with decentralization and security. This problem, commonly referred to as the "Blockchain Trilemma," is among the significant roadblocks that blockchain technology must overcome.Several novel solutions have emerged in the past few years, most of which focus on helping the base layer (also known as Layer-1) blockchain achieve greater scalability, including standalone Layer-2 and Layer-3 blockchain networks. Each blockchain solves different problems, but the core goal is to decongest the main chain (Layer-1) as well as improve its transaction throughput.With so many different…

How Blockchain Layers Work: Interview with Ankr’s Stanley Wu

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🗞️ "The ideal future of “Web3” – a term that comprises all layers – will allow all blockchains to interact seamlessly with one another through solutions like bridging, ZK rollups, and interoperability standards."

🤓 See what Stanley Wu, our CTO and Co-Founder has to say about how blockchain layers work on the newest article from TipRanks on the NASDAQ website!

🔗 Read the full article here:
https://www.nasdaq.com/articles/how-blockchain-layers-work:-interview-with-ankrs-stanley-wu

"The ideal future of "Web3" – a term that comprises all layers – will allow all blockchains to interact seamlessly with one anot