Ankr Beefs Up Web3 Security Through WitnessChain Alliance

Ankr introduces the Address Verification Service (AVS) on its new Web3 protocol, combining secure node operations, innovative liquid staking, and efficient scaling services. WitnessChain's EigenLayer AVS for DePIN coordination unifies the Decentralized Physical Infrastructure Network (DePIN), enabling resource sharing and decentralized physical infrastructure. Ankr's collaboration with WitnessChain and its Watchtower nodes enhances security for new L2s and offers versatile capabilities for Ankr.

Ankr Enhances Web3 Security with WitnessChain Collaboration

Introduction

Ankr, a leading Web3 infrastructure provider, has integrated Ethereum security into its protocol through a strategic partnership with WitnessChain, a decentralized physical infrastructure network (DePIN). This collaboration brings together Ankr's expertise in node security and scaling with WitnessChain's innovative proof-of-location consensus mechanism.

Ankr's Expanded Security Features

Ankr's integration of WitnessChain's security measures significantly enhances the reliability and robustness of its Web3 protocol. WitnessChain's EigenLayer AVS (Address Verification Service) for DePIN coordination provides a secure and scalable foundation for decentralized infrastructure networks.

WitnessChain: Decentralized Physical Infrastructure Network

WitnessChain is a groundbreaking blockchain technology that enables physical assets to be securely shared and monetized within a decentralized economy. It leverages cryptocurrency incentives and blockchain's immutability to create a trusted and efficient infrastructure supply chain.

Proof-of-Location Incentivization

At the heart of WitnessChain's security model lies its proof-of-location incentivization mechanism. This rewards operators who provide verifiable evidence of their physical location, fostering a globally distributed and highly decentralized network.

Watchtower Nodes: Auditing and Security

WitnessChain's Watchtower nodes play a critical role in ensuring the integrity and security of DePIN networks. These nodes independently audit network activity, verify physical infrastructure, and facilitate seamless communication between nodes.

Ankr's Role as AVS Node Operator

Ankr has been appointed as WitnessChain's Address Verification Service node operator. In this capacity, Ankr provides essential services such as validator operation and round-the-clock maintenance.

Benefits of the Collaboration

• Enhanced Security for L2s: Ankr's integration of WitnessChain Watchtowers strengthens the security of new Layer 2 (L2) solutions, ensuring their reliability and preventing potential exploits.
• Additional Tools for Ankr: The partnership expands Ankr's arsenal of tools for building and managing decentralized infrastructure, enabling them to provide more comprehensive solutions to their clients.
• Innovation for L2s: The collaboration opens up new avenues for innovation within the L2 ecosystem, fostering the development of highly secure and scalable applications.

Conclusion

Ankr's strategic partnership with WitnessChain marks a significant milestone in the evolution of Web3 security and infrastructure. The integration of WitnessChain's decentralized physical infrastructure network into Ankr's protocol provides a solid foundation for building secure and reliable decentralized applications. As the DePIN ecosystem continues to grow, the potential for real-world use cases and innovative advancements is boundless.