?

Ankr Becomes TAP Validator Node Operator

Kevin Dwyer

Kevin Dwyer

October 31, 2024

3 min read

ankr trac.jpg

Ankr is proud to join the Trac Systems ecosystem as a validator node operator, delivering unparalleled reliability to secure the TAP blockchain. Together, we're creating an opportunity for the most secure, accessible, and decentralized development on Bitcoin, with unprecedented flexibility in programmability.

What Is TAP?

TAP is a protocol that makes Bitcoin Ord-Fi possible. TAP enables secure value locking on Bitcoin, similar to DeFi protocols on Ethereum. This opens up new possibilities for developers to build innovative applications on Bitcoin, such as tokenized assets, decentralized exchanges, and more.

Learn more about TAP

How Does TAP Benefit the Web3 Developer Ecosystem?

As a cutting-edge protocol for Bitcoin Ordinals, TAP enables more complex financial operations directly on the Bitcoin blockchain, powered by the Ordinals ecosystem. It’s designed to be more flexible and user-friendly than other token protocols, offering features like token staking, swapping, and liquidity pools (to name a few) without the need for secondary layers or complex mechanisms.

TAP provides a suite of functionalities tailored to enhance the Bitcoin experience:

  • Swapping and Staking: Within the TAP ecosystem, users can effortlessly swap tokens and stake them to bolster the network and earn rewards, merging liquidity with incentive.
  • Fractionalizing Ordinals Art: TAP unlocks the potential for micro-ownership and broader accessibility to Ordinals art pieces.
  • Borrowing, Lending & Staking: A trifecta of financial empowerment – borrow against holdings, lend to earn interest, and stake to gain rewards and contribute to network stability.
  • Liquidity Pools: TAP supports the creation of pools of tokens that users can contribute to, enabling decentralized trading and earning fees in return.
  • Token Authentication: It provides a framework for authenticating tokens within platforms, potentially for use as in-game currency or items.
  • Multi-send: Users can send multiple transactions in one go, simplifying the process of distributing tokens to various recipients. Airdropping tokens within Ordinals has never been easier and more cost-effective than with TAP.
  • Multi-asset Protocol: Finally, TAP acts as a multi-asset protocol, meaning it can handle various types of assets beyond just one standard, broadening the scope of transactions and interactions within the Bitcoin blockchain.

How Are Ankr and TAP Working Together?

Ankr Operating Validator Nodes for TAP: By taking on the vital task of validator node operations for TAP, Ankr commits to providing an essential service for the project.

  • High-performance node operations for TAP
  • Distributed validation
  • Around-the-clock support & maintenance

Contact Ankr for validator node operations

Final Thoughts

As Ankr joins the TAP ecosystem as a trusted validator node operator, we're excited to contribute to a future where the highest tier of infrastructure powers Bitcoin Ord-Fi. Together, we're working to create a more secure, transparent, and innovative Bitcoin landscape that benefits developers and users alike.

Join the Conversation on Our Channels!

Twitter | Telegram |  Discord | YouTube | LinkedIn | Instagram | Reddit | All Links

Similar articles.

Development Trends: Bitcoin, Ordinal Inscriptions, the BRC-20 Token Standard, and Use Cases

Development Trends: Bitcoin, Ordinal Inscriptions, the BRC-20 Token Standard, and Use Cases

Kevin Dwyer

Kevin Dwyer

January 17, 2024

BRC20.jpg

In 2024, the bitcoin landscape continues a shift in functionality paired with the excitement of newly approved bitcoin ETFs. A new wave of innovation is...

Ankr and Babylon Launching First Bitcoin Staking Solution

Ankr and Babylon Launching First Bitcoin Staking Solution

Kevin Dwyer

Kevin Dwyer

February 29, 2024

babylon1.jpg

Unlocking 21 Million BTC To Secure PoS Networks

Ankr is extremely excited to announce our collaboration with Babylon in the launch of their new trustless...