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The Web3 industry is constantly evolving, which is why blockchain infrastructure providers must stay ahead of the curve for enterprises and developers. We at Ankr are proud to introduce our latest innovation, Ultra-Sound Infrastructure. The initiative will soon launch a Node Partner Program to improve performance and efficiency for blockchain RPC connections across 30+ blockchain ecosystems. The program will see Ankr’s existing cloud provider partnerships beginning with Microsoft and Tencent Cloud, joining the network to offer our users the highest-quality and most distributed node network ever created.

**[Visit Ultra Sound Infrastructure.](https://ultrasoundinfra.com/)**

## Providing World Class Node Quality and Worldwide Distribution

Web3 needs infrastructure providers to offer connections for dApps, developers, and enterprises to communicate with different blockchains. Whenever a Web3 application needs to initiate a transaction, check a wallet balance, or perform any smart contract execution, it must make an RPC “request” to blockchain nodes to complete the desired action. Ankr will drastically improve its core RPC service by **onboarding our cloud providers partners like Microsoft and Tencent Cloud** as the first to join Ankr’s nodes in serving request traffic for the strongest and most widespread RPC node network.

Unlike other node partner programs, **Ultra-Sound Infrastructure will deliver the** **highest performance possible by only deploying archive nodes.** These nodes are specifically designed to handle high traffic volumes and ensure our customers can access the fastest and most reliable infrastructure possible. By utilizing archive nodes, we can provide the highest level of performance without sacrificing security or stability.

At Ankr, we care deeply about our developer customers. We know how important it is for them to leverage the most quality performing nodes to build their applications so they can power superior end-user experiences. We kept our customers in mind as we built out this program to ensure that those leveraging the external nodes within the Ultra-Sound Infrastructure network benefit from the archive nodes' increased performance, reliability, and efficiency.

With this improved infrastructure, **developers and** **enterprises can build complex and resource-intensive applications without worrying about slow or unstable network connections.** By utilizing the archive nodes, developers can also ensure that their applications are accessible to a broader audience, as the nodes will be distributed across multiple regions. Additionally, Ankr's focus on creating a sustainable and efficient network means that developers can have confidence in the long-term viability of their applications.

**Ankr’s RPC Service Customers Receive Amplified Performance:**

- **Reach more available nodes to serve RPC traffic**
- **Take advantage of high-performance archive nodes**
- **Node Partners will fill more geographic gaps in node resources**
- **Get the best of speed, reliability, and efficiency**

## An Optimized Infrastructure Solution for Web3 Ecosystems

As both the creator of Ultra-Sound Infrastructure and a node operator, Ankr is aligning the interests of the Web3 community for node partners, developers, and end users. Joining the Ultra-Sound Infrastructure network as a node partner offers numerous benefits. By participating in the program, future node providers can earn a steady revenue stream by servicing paid traffic from Ankr’s RPC customers.

- **Node Provider Partners**: Ultra-Sound Infrastructure’s partner nodes combined with Ankr’s nodes offer the strongest foundation for the industry while benefiting from every request their nodes serve. The network will incentivize future node partners aside from Microsoft and Tencent Cloud to join by providing payment primarily in the ANKR token. By servicing RPC traffic within the network, future node partners will earn ANKR tokens as reward for serving all requests. Node Partners will also be able to **choose the most profitable regions to place their nodes based on demand, ensuring they see an ROI on their node expenses.** This way, they can maximize their profits while contributing to the distribution of Ankr’s network.

- **Developers & Enterprises: Developers from Web3 startups and enterprises launching new Web3 strategies receive high-performance archive nodes delivering lower latency and the highest reliability to power their applications.**

- **Web3 End Users:** All end users of the enterprise solutions and applications leveraging Ultra-Sound Infrastructure will receive the fastest, highest quality user experience possible.

By allowing node providers to choose where to place their nodes, the Ankr Network is creating a mutually beneficial relationship. Node providers can earn more rewards and increase their profitability, while Ankr's customers can benefit from having access to a more distributed and reliable infrastructure network. This approach promotes a win-win situation where both parties can benefit from working together towards a common goal – to create the highest quality and most distributed blockchain infrastructure network for all of Web3.

## Advancing ANKR Token Utility and Tokenomics

The ANKR token plays a significant role in the Ultra-Sound Infra program, adding new layers of utility for the token.

**New Utility for ANKR:** The ANKR token’s utility as a payment for RPC customers to access blockchain data will be expanded to provide payment to our new node operator partners. The ANKR token will effectively become the only gateway token for accessing the highest tier of infrastructure: archive nodes on Ultra-Sound Infrastructure.

**A Critical Component of Web3 Access:** As the ANKR token’s new attributes make it a necessity for accessing Ultra-Sound Infrastructure, the token will claim a critical role in facilitating Web3 operations for enterprises, dApps, and developers.

**The ANKR token Receives Revamped Utility:**

- **ANKR completes the final step in becoming a “gas” payment for multi-chain infrastructure**
- **Provides an essential gateway to Web3’s highest-quality infrastructure**

## Final Thoughts

The introduction of Ankr's Ultra-Sound Infrastructure program represents a significant step forward in the evolution of the blockchain industry. The program presents a win-win-win scenario for Ankr’s community of developers, node providers, and ANKR token users. Web3, by nature, is a collaborative industry, and Ankr strives to provide the highest-performance RPC service by bringing together a broader range of node providers with a common goal.

## 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](http://discord.ankr.com/) | [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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Introducing Ultra Sound Infrastructure: Revolutionizing Web3 Connectivity & Performance

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Kev Silk

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In the fast-paced world of technology, large enterprises face a distinct challenge: leveraging the transformative power of blockchain while avoiding the existing scalability limitations of Ethereum. As Ethereum is by far the most adopted, decentralized, and secure Web3 ecosystem, it’s the gold standard for development on the digital frontier as far as traditional businesses are concerned. But many companies have sidelined their Web3 initiatives until there is a way to overcome Ethereum’s scalability, development, and user experience challenges.

At Ankr, we recognize the obstacles that have prevented enterprises from fully embracing the immense potential of blockchain technology. After all, failure to provide an experience that’s anything less than the top-tier would be a major blow to the reputation of Fortune 500s. That's why we are thrilled to announce the launch of AppChains on Ethereum, our solution explicitly tailored to empower large enterprises to build with confidence on the Ethereum network.

## AppChains on Ethereum: App-Specific Networks Built On Top of Ethereum

AppChains redefine the boundaries of the Ethereum ecosystem by offering high performance at scale. Our team of experts has harnessed the cutting-edge capabilities of WebAssembly (WASM) and Zero-Knowledge (ZK) proofs to elevate our AppChain Product into an enterprise-level solution. By incorporating these innovations, we have overcome Ethereum's scalability challenges, paving the way for limitless possibilities in enterprise-grade applications.

**AppChains supersede preexisting Ethereum scaling solutions:**

- **Access tools for developers to build in any language:** A WebAssembly VM allows developers to write code in languages they already know and prefer while running it at near-native speeds.

- **Build Web3 applications with a new standard of performance:** Create a zero-knowledge Layer-2 rollup that combines Ethereum’s unmatched trust, security, and decentralization with highly scalable infrastructure.

- **Achieve interoperability with all ecosystems:** Use a new toolset to boost the capabilities of EVM and create enhanced interoperability to connect with Web3’s most important protocols and networks.

## Ethereum’s Ultimate Decentralization & Security. 1,000x the Throughput.

Ankr's objective with AppChains on Ethereum is to bridge the gap between the needs of large enterprises and the current limitations of blockchain technology. This will allow enterprises to leverage the transformative potential of blockchain technology without current setbacks. With AppChains, we will deliver scalable infrastructure within the Ethereum network, enabling enterprises to flourish in a decentralized world.

## Plugging Enterprise Requirements Into Blockchain Tech

We handle the intricate details of creating an AppChain on Ethereum, providing a turnkey solution that saves valuable time, resources, and effort:

- Enormous, enterprise-grade throughput
- Advanced customizability to satisfy intricate industry needs
- Continuous support to manage and maintain your blockchain and node infrastructure
- High-performance infrastructure to provide always-low gas fees, upgraded security, and ultra-fast transactions

From building and supporting to maintaining and securing the infrastructure, Ankr ensures a seamless experience for powering your enterprise-level individual blockchain. As a result, enterprises can now harness Ethereum's time-tested security and decentralized nature while enjoying the scalability required to meet their growing demands. Moreover, this allows enterprises to concentrate on what truly matters: driving innovation, delivering exceptional user experiences, and maximizing your enterprise's boundless potential.

## Final Thoughts

The arrival of AppChains on Ethereum signifies a pivotal moment for large enterprises to leverage blockchain technology. With our commitment to scalability, security, and simplicity, in addition to bringing the next billion users to web3, Ankr is pushing the boundaries of what enterprises can achieve in the Web3 era. Join us on this transformative journey. Together, we will unleash the power of blockchain and shape a future where innovation knows no bounds.

**Stay connected for more updates as we embark on this exciting new chapter with AppChains.**

## 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](http://discord.ankr.com/) | [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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Introducing AppChains on Ethereum: Unleashing the Potential of Ethereum for Large Enterprises

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Engineers in various industries are constantly seeking ways to maximize the potential of what they can create, but the success of their endeavors heavily relies on the infrastructure available to them. While the current Internet infrastructure is well-established and dependable, it is centralized, limiting the potential for decentralized applications. In contrast, blockchain technology and web3 enable developers to build decentralized financial products and applications on top of decentralized infrastructure. However, web3 developers face significant scaling of their applications due to the lackluster performance of purely decentralized infrastructure. Therefore, developers need high-quality ***distributed*** blockchain infrastructure to create robust and scalable decentralized applications.

## Node Distribution: Enhancing Web3 Development

Decentralization is a crucial component of web3's application layer. However, developers building these **applications benefit more from a distributed blockchain infrastructure** network with higher-quality node providers than a fully decentralized network with numerous, but only decent-performing, node providers. Such a network ensures reliable and high-performing infrastructure while still promoting decentralization.

Emphasizing the distribution of nodes strikes a balance between the benefits of a fully decentralized network and solves its practical limitations. By **focusing on distributed quality nodes over quantity, blockchain infrastructure networks empower developers to build robust and scalable dApps** that meet the market's demands more effectively than networks that prioritize a more significant decentralized amount of nodes.

Fully decentralized networks have numerous node providers, but a distributed network with fewer high-quality nodes provides more efficiency and reliability for actual Web3 applications. When developers opt for distributed infrastructure to build their applications, they have a blockchain network fortified with **top-tier nodes that can process large volumes of transactions faster and more accurately.** This approach allows developers to maintain a decent level of decentralization while maximizing the infrastructure's potential, resulting in applications with improved scalability, reliability, and performance.

Improving the network's performance leads to developer peace of mind, knowing that the system will remain secure even during heavy usage or unexpected spikes in traffic. With a focus on distributed quality nodes, developers can build decentralized applications that have the potential to match the UX of centralized applications.

Distributed infrastructure enhances the development experience and contributes to the consistent, widespread adoption of the crypto industry. Developers can reach a wider audience and enable the widespread adoption of web3 applications. **Crypto adoption will occur from developers using high-quality and scalable infrastructure** to build dApps that attract internet consumers who are hesitant to leave centralized applications. As a result, those consumers will eventually switch from web2 centralized applications to web3 dApps.

By focusing on distributed quality nodes, infrastructure networks provide developers with the necessary tools to create innovative dApps that maintain pretty UI's and easy UX's. These dApps will lead to a future where blockchain technology is widely adopted and the benefits of decentralization become more accessible to the masses.

**TL;DR, Node Distribution Provides Better Performance While Preserving Decentralization**

- Node distribution solves Web3’s practical limitations and boosts performance while promoting decentralization. Hi
- Distributed infrastructure provides top-tier nodes that can process large volumes of transactions faster and more accurately.
- Distributed infrastructure contributes to the consistent, widespread adoption of the crypto industry by offering developers the necessary tools to create innovative dApps with fast, easy-to-use interfaces and experiences.

## Distribution Offers A Rewarding Node Provider Experience

A distributed, high-quality infrastructure offers significant benefits to node providers, creating a more favorable environment for them to operate in. In a distributed network, **node providers experience a more predictable traffic flow due to improved performance and reliability.** This predictability makes them a more attractive option for developers who require reliable traffic delivery and token holders seeking safe and trustworthy node providers to stake with. As a result, node providers enjoy a more stable and consistent revenue stream, reducing operational costs and increasing their ROI.

Node providers benefit from increased network efficiency in a distributed network, reducing the risks of running a node. This efficiency results in a lower probability of hardware failure and less operational downtime, minimizing the potential for costly maintenance and infrastructure upgrades. Moreover, **distributed infrastructure that prioritizes quality nodes results in better network performance**, leading to increased token holder participation and a more active and engaged community. Ultimately, distributed infrastructure networks provide node providers with an ecosystem more conducive to their growth and success.

Furthermore, node providers collaborate more effectively in a distributed network. Clear communication between node providers enhances network cohesion and resilience, allowing the infrastructure to handle fluctuations in traffic flow, maintain uptime, and preserve network integrity. **Node providers in a distributed network can share resources and work together to address network issues, ensuring the network remains reliable and stable.**

Clear communication in the network helps reduce the competitive pressures that node providers may face, where each node competes for traffic and transaction fees. By working together and collaborating in a distributed infrastructure, node providers can focus on delivering high-quality services to developers and token holders while maintaining fair market competition.

Moreover, using fewer trusted node providers allows for easier management and maintenance than dealing with a larger pool spread across multiple locations. Improved management increases operational efficiency and lower maintenance costs while providing a higher network security level. As a result, distributed networks offer streamlined efficiency as nodes spend less time on administrative tasks, and the network can spend more time focusing on core development efforts to build innovative new features within the platform.

**Distribution Incentivizes the Most Performant Node Providers to Join:**

**Predictable Revenue Streams:** Distributed infrastructure provides node providers with a more stable and consistent revenue stream due to improved performance and reliability.

**Increased Efficiency and Network Performance:** Node providers in a distributed network benefit from increased network efficiency, resulting in lower hardware failure risks, reduced operational downtime, and better overall network performance.

**Effective Collaboration and Resource Sharing:** Clear communication and collaboration between node providers in a distributed network enhance network cohesion, resilience, and fair market competition.

## 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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The Power of Distributed Infrastructure: Promoting Performance for Decentralized Systems

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As blockchain technology revolutionizes various industries, launching tokens has become increasingly popular. However, launching a new digital asset on your own blockchain can be daunting, especially for those new to the space with a sizeable list of requirements to consider. **This article chronicles the best practices for releasing a new token with tips to simplify the process from Ankr, with lessons from our successful token launch and our crucial role in launching many others.**

## Defining Strong Utility, Tokenomics & Attributes

Since its 2017 launch, the ANKR token has been listed on over 30 exchanges, and the team has helped launch and list several tokens for partner projects. Our team at Ankr has a wealth of experience in Web3 and the traditional financial sector from some of the world's largest banking and financial firms. With this expertise, we guide clients with the knowledge of what will work best based on their unique use cases.

### Token Purpose (Utility)

Defining the purpose of your token is critical, as its value proposition and use cases will drive demand and adoption. Whether you're building on an L1, L2, or application-specific blockchain (AppChain), be mindful of how you create your token's functionality within your blockchain ecosystem. Consider what problems your token solves within a specific industry and what benefits it will offer its users.

Design your token to provide access to core features or services within your dApp. For instance, the token can enable access to vote in governance, pay for transactions, and unlock premium content or additional functionalities. It is possible to extend the utility of your token to multiple blockchains and platforms. We recommend this strategy as it ensures your token meets common standards such as ERC-20, BEP-2, and others where applicable. Also, consider rewarding users for participating in your ecosystem. Staking rewards, referral bonuses, or airdrops contribute to a quality token purpose. With a clear understanding of your token's purpose and how it benefits users, you will be in the best position for a successful token launch.

**Breakdown of token utility best practices:**

- Make your token necessary to access core features or services within your dApp
- Incentivize and reward users for participating in your ecosystem where possible
- Extend your token's utility beyond one chain to numerous blockchain ecosystems

### Tokenomics

Think of your token as the currency of your small new island nation. The economic model of your token must match your country's overall goals and business objectives and provide a functioning system of commerce and exchange for your citizens. By thinking as if you're running the country's central bank, with your new token as its currency, you can work backward to determine your desired outcomes.

**Supply**

As a "central bank," you must supply your citizens with a currency. You must consider the token's total supply, distribution, inflation, and deflation mechanisms. Suppose the price of your token needs to be stable or even on a "gold standard." In that case, we recommend pegging it to an asset like BTC or USD through collateralization or other methods. Or does your token need to rise in value to attract more holders? If so, it's best for you to decrease the supply with mechanisms such as locking or burning.

Your tokenomics needs a quality strategy that matches your business goals. This strategy includes a token supply based on your token's utility and early adopters vesting tokens for a certain period to align their interests. In addition to an excellent system, the token needs to enhance the product experience in a role that is critical to all operations to ensure long-term value.

**Demand**

As mentioned, while building your token you want to act as the central bank with a thriving economy. With a strong economy, there will be increased demand for your token (think of shifting exchange rates for currencies between countries)with many consumers and high adoption. There are several ways you can boost demand for your token, such as offering rewards schemes like:

- Cashback in your token for every trade completed, similar to a possible exchange use case. However, the tx fee for this swap will still generate revenue for your project. Rewards schemes will incentivize early adopters to use the core features of your product while increasing revenue sources for the protocol. It also improves what traditional economies call the "money velocity," or the frequency at which one currency unit is exchanged for goods and services within a given time. A high money velocity often tells the story of a healthy, active, and expanding economy (translating to on-chain activity in the digital economy). A higher number of transactions nearly always paints the picture of a thriving crypto ecosystem.
- Mechanisms to lock and stake your token are complemented with high initial incentives to attract new users. As the protocol gains traction, you can lessen the "cashback" to reduce token inflation/dilution, but in the process, you will attract many users that will like the product and convert to long-term clients.
- Consider mechanisms for deflation with a fixed total supply and a burn schedule that destroys a certain percentage of tokens with each transaction. Deflation can help maintain scarcity and increase demand for your token. Alternatively, you can create a token with a dynamic supply that adjusts based on market demand. A token whose supply can change over time helps stabilize the token's value and prevent excessive inflation or deflation.

**Tokenomics best practices breakdown:**

- Token's economic model must match the long-term goals and objectives of your dApp
- Consider pegging the token to another asset if you require price stability
- Implement mechanisms like cashback, locking, staking, and other incentives to improve demand
- Create a dynamic supply to maintain scarcity or prevent or enhance inflation/deflation
- Staking and rewards programs can incentivize adoption and community engagement

### Consensus Mechanism

Choose the consensus mechanism that will be used to validate transactions on your network. If you build with Ankr AppChains, you can select from mother chains, such as Polygon Supernets and Binance Sidechains, that allow for multiple consensus mechanisms, such as Proof-of-Stake (PoS) and Delegated Proof-of-Stake (DPoS).

You won't have this range of options when building on existing public L-1s or L-2s, as you will be limited to their existing consensus framework. The consensus mechanism will play a crucial role in determining the tokenomics of your blockchain, as it will affect transaction fees, and staking or mining rewards, and governance models at the base level.

### Interoperability

Interoperability is a crucial factor to consider when launching your token on an Ankr AppChain. By making your token interoperable with other networks, you can increase the usability and reach of your token, as well as open up new opportunities for collaboration and innovation. It is to your benefit if consumers on the various applications of Ethereum, Polygon, Avalanche, and other ecosystems can use your digital assets and put them to use. This interoperability will expand your TVL in the same way that projects like Maker DAO have done with DAI – rocketing their cross-chain TVL upwards of $7 billion.

If you're building on Ankr AppChains, the Chainscanner bridge powered by BridgeHub provides interoperability solutions. When designing your token and AppChain, it's essential to consider how it will fit into the existing blockchain ecosystem you choose to build your AppChain on (Binance, Avalanche, Polygon). One way to achieve interoperability is by implementing token standards such as ERC-20 or ERC-721, which provide easy integration with other blockchains. Ankr can customize your token to match either standard. Whichever solution you choose, it's vital to prioritize compatibility and ease of integration to maximize the potential of your token.

### Governance

Effective governance ensures your community is engaged and empowered to make important decisions about your dApp’s future. You must consider several key factors:

- **Governance structure:** This can include traditional democratic voting, delegated voting, quadratic voting, and futarchy. Each system has its strengths and weaknesses, and you must choose the one that aligns with your token and business goals. You will also need to determine your tokens distribution model, and how you will allocate the voting power.
- **Proposal structure:** This system includes who can submit proposals, how they are reviewed/approved, and how the voting process works.
- **Voting Mechanism:** This will determine whether your governance uses on-chain or off-chain voting. On-chain voting can provide transparency to the voting process, but can be slower and more expensive. Off-chain voting systems can be faster and cheaper but may be less secure and transparent. New dApps with a smaller user base should use a simple voting system with lower participation requirements to quickly grow their community. A project with complex governance requirements, such DAO, should use an on-chain voting system that provides increased security and transparency.

Effective governance is essential to a successful token launch and can help ensure your project's long-term success. Regardless of what type of project you are building, engaging and fostering a positive community culture is vital to ensure transparency and accountability in the decision-making process.

## Listing Tokens Successfully On Major Exchanges

Getting a token listed on credible exchanges is what many projects put as a top priority because they are aware of how much it affects their success and adoption. Token listings increase visibility, liquidity, and credibility. Although Ankr cannot guarantee token listings, we can help you prepare for meetings with credible exchanges to list your token while ensuring you’ve checked off and accounted for every essential item they look for in their due diligence. Many exchanges require their projects to meet minimum requirements, including the following:

1. **Use Case / Innovation:** Exchanges will look at your underlying blockchain technology to ensure it's secure, scalable, and efficient. They will also consider your transaction speeds, block sizes, and consensus mechanisms.
2. **Team Efficiency:** Exchanges will consider your leadership development team, management team, and advisors to assess your experience, credibility, and track record.
3. **Community:** A strong community is critical to launching your token and putting yourself in the best position to get your token listed. Exchanges will consider your community's size, engagement, and activity, including your UWA, daily transactions, social media presence, customer base, and online forums.
4. **Market demand:** A strong token need is crucial to business success and being listed. Credible exchanges want to see high market demand for your token. Increased demand includes large trading volumes, high liquidity, and expanding price history on other exchanges. Initially, demand will likely stem from decentralized exchanges before moving to other exchange listings.
5. **High Liquidity:** Liquidity is an essential part of getting your token listed. Exchanges require a minimum level of liquidity for tokens (that is not public), but they do this to reduce the number of tokens they have that contribute to volatility and market manipulation.
6. **Go-to-Market Strategy:** Overall plan and strategy to launch the token/protocol/product, marketing approach/campaigns, how you will bring adoption, current partnerships, etc.

It's important to note that the token listing process can be competitive, and there's no guarantee that your token will be listed on an exchange. However, by following these steps and working to build a strong, reputable project, you can increase your chances of success and attract interest from reputable exchanges.

## Final Thoughts

Launching digital assets is crucial for new projects as blockchain technology gains popularity. However, launching a token on one's own blockchain can be challenging, requiring informed decisions. Luckily, **Ankr's AppChain team offers expert guidance for launching tokens and best practices, drawing from years of experience in TradFi, DeFi, exchange negotiations, and more.** With AppChain's support, launching tokens can be simplified and expedited while following all best practices for success.

## 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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Best Practices in Launching Your Own Token

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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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Ankr is thrilled to announce an essential addition to our RPC service with Base blockchain endpoints. Ankr’s RPC connections to Base will allow developers to build dApps on top of the network that have the ability to quickly and reliably communicate with the network and execute onchain transactions.

Ankr’s RPC API solutions for Base are now listed on the website’s [documentation](https://docs.base.org/tools/node-providers), providing a readily accessible tool for web3 developers to begin building their applications. Ankr’s node infrastructure aims to help scale Base as the network opens its public mainnet on August 9 for global use.

## What is Base?

Base is an Ethereum Layer-2 blockchain that was built to become the onchain home for Coinbase products, users, and assets. It also serves as an open ecosystem allowing Web3 developers to create new dApps on top of the network. Powered by Optimism's OP Stack, Base aims to be one of the most secure, scalable, and interoperable EVM L2s in existence.

**[Learn more about Base.](https://base.org/)**

## A Word From Base & Ankr’s CEO

*“Node providers are essential to support builders deploying their dapps on Base, and we’re excited to work with teams like Ankr that are helping provide a strong foundation and help us deliver on the vision to bring the next billion users onchain.”*

-- Jesse Pollak, Creator of Base and Head of Protocols at Coinbase

*“Ankr is incredibly excited about the potential for a more unified and standardized blockchain ecosystem with Base and Optimism’s OP stack. Interoperable scaling solutions working together with Ethereum as a settlement layer create a user-friendly means of onboarding the next billion citizens of web3. We’re going above and beyond to support the network with high-performance Base node infrastructure and connections.”*

-- Chandler Song, Co-Founder & CEO, Ankr

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

- Ankr’s Base RPCs (Remote Procedure Calls) connect wallets, command-line interfaces, or dApps with the Base blockchain. They act as a messenger or blockchain router that relays on-chain information between Base nodes, dApps, and ultimately end-users so they can execute necessary tasks like making transactions, populating wallet balances, fetching ownership information, and much more.

- Base RPC endpoints are a gateway for developers to interface directly with the Base network — a portal to communicate easily, remotely, and with no need to go through the DevOps of establishing their own Base nodes.

- Ankr is providing a geo-distributed Base RPC comprised of blockchain nodes running worldwide for incredibly low-latency and reliable connections.

**[Get started now with our Base RPC endpoints!](https://www.ankr.com/rpc/base)**

## How Do the Base RPCs Help Developers?

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

**Eliminates complex node ops** - Ankr’s Base RPCs will completely remove the need for many developers to set up their own Base 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 90,000 Base requests/min
- High request priority
- Global node locations
- Telemetry
- Debug mode
- Support Portal
- WebSockets (WS) capabilities

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

**Supports the Base network**Ankr will strengthen the Base network globally by offering easier development and a broader, distributed node infrastructure.

## Get Started Building On Base For Free

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/base** to call the Base chain using the standard EVM JSON RPC methods.

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](http://discord.ankr.com/) | [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/)

Build On Base With Ankr’s Newest RPC Connection!

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Ethan Nelson, a DeFi enthusiast and member of the Ankr Staking team, delves into DeFi topics with expertise. His insightful articles simplify complex concepts, empowering readers to navigate the dynamic world of decentralized finance confidently. Stay informed with Ethan's illuminating content on all things liquid staking and DeFi related.

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Introducing Ultra Sound Infrastructure: Revolutionizing Web3 Connectivity & Performance

Introducing AppChains on Ethereum: Unleashing the Potential of Ethereum for Large Enterprises

The Power of Distributed Infrastructure: Promoting Performance for Decentralized Systems

Best Practices in Launching Your Own Token

How Blockchains Increase Trust In Voting & Elections

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