Some features of Ankr network

Proof of Useful Work

The Proof of Useful Work (PoUW) consensus enables a self-sustainable blockchain framework. Instead of wasting electricity and computing power on hashes like Bitcoin does, PoUW uses these resources towards useful work tasks provided by enterprises and consumers.

The protocol runs on SGX-enabled CPUs with remote attestation to ensure security and confidentiality.

The novel PoUW approach unlocks the massive potential of idle computing power around the world by providing enough incentives: in this scheme, every computation contributor gets compensated, and some will get the extra reward for generating the blocks.

In the future, this mining scheme can promote Universal Basic Income (UBI).

Oracle Service

The integrated Oracle Service provides authenticated data feed by leveraging both cryptographic primitives and the trusted execution environment (TEE). Through a standardized API to port data from existing websites, Oracle Service enables simple real-world business adoption.

Multi-chain Structure

The Multi-chain Plasma implementation allows different applications to handle application-specific smart contracts on individual side chains, preventing transactions from overloading the PoUW-based main chain.

The main chain will provide a native authenticated data feed service for off-chain data to relay to each child chain. Existing business can build decentralized autonomous applications on the child chain with powerful computing power and native data feed service provided by the main chain.

disclosure : all text here are copied from the https://www.ankr.network
See video for more detailed explanation