A lot has been happening in the cryptocurrency industry recently, where businesses are trying to entice their users with new features and services. In the chain of events comes news where Ankr, a one-click node hosting platform, will host Ferrum Network’s Ethereum node infrastructure on its platform.
Why Did Ferrum Choose Ankr
There were primarily two reasons why Ferrum migrated to Ankr. First, it needed an affordable solution, and that is why it moved away from Infura, a hosted Ethereum node cluster. Second, Ferrum sees an increasing demand for its product line of cryptocurrency exchanges and wallets, which needs a node hosting platform. Ankr is a one-stop destination for Ferrum.
How Will Ankr Support Ferrum
Ankr’s distributed cloud infrastructure enables the deployment of Ethereum nodes for blockchain enterprises. Hosting of Ethereum node infrastructure on Ankr will surely help Ferrum to meet the increasing demand for its products. Deployment of Ethereum nodes will support:
- First Kudi Exchange: A fiat to crypto exchange that enables the unbanked in Africa.
- UniFyre Wallet: A crypto wallet, which is powered by the DeFi focused Ferrum Network and works on the Link Drop technology.
Ankr’s features like high uptime and fast linear scalability make it desirable for a crypto wallet. While speaking on its association with Ferrum, Ankr praised Ferrum Network’s decentralized application (dApps) platform. Ankr added that apart from this association, its partnership with crypto wallet UniFyre in June 2020 will enable users to take full advantage of blockchain technology.
Benefits of Ferrum-Ankr Association
As a first glimpse of what this association could look like, Ferrum has debuted its new Pool Drop feature. And to support that Ankr has decided to offer $50 worth of tokens to its 50 lucky winners.
Ferrum further has its vision of integrating Ankr tokens into UniFyre’s peer-to-peer (P2P) fiat/altcoin trading platform. A cryptocurrency trading platform such as the-crypto-investor.com automatically scans the markets, analyzes the data, and lists lucrative trading opportunities for users. This will enable users to both buy and sell Ankr P2P coins using local fiat currencies without relying on a centralized cryptocurrency exchange.
What Is Pool Drop Feature
Ferrum’s Pool Drop feature is nothing but an extension of Unifyr’s Link Drop technology. The uniqueness of Link Drop technology lies in the fact that it lets users use links instead of addresses for both sending and receiving cryptocurrency.