Akash Network
AKT
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About Akash Network
Akash is a blockchain network that supports a decentralized compute marketplace. Akash allows users to lease computing resources from the network’s providers. AKT is the network’s utility token and can be used to secure the network through staking. AKT can also be used to participate in network governance. AKT tokens can be used to vote on proposals related to the network’s development and grant allocations.
Resources
Akash Network is an open-source, decentralized marketplace for cloud computing resources. It intends to offer an alternative to the traditional cloud services industry by leveraging blockchain technology to provide a more efficient, affordable, and effective solution. Akash Network enables users to exchange computing resources securely, effectively creating a Supercloud. This Supercloud is designed to be owned and managed by its community, with the source code available to everyone. It operates on a "reverse auction" system, where customers propose their desired price and providers compete for the business, often resulting in lower prices compared to other cloud systems.
Akash Network operates on a decentralized marketplace model, where users can exchange computing resources. It uses a unique system, where customers propose their desired price and providers compete for the business. This system is powered by a simple-to-use YAML-based language called SDL, which allows users to create complex deployments spanning multiple areas and providers. Akash Network runs on Kubernetes, a container orchestration system, ensuring a reliable platform for hosting applications. It also offers a large-scale storage system and the ability to rent a dedicated IP address for applications.
Akash Network strives to provide a more efficient, affordable, and effective solution for cloud computing resources. It can be used to deploy and manage cloud infrastructure, exchange unused cloud resources, or acquire cloud resources from others. This makes it a versatile tool for a wide range of applications, from hosting web services to running complex AI models. Furthermore, Akash Network's decentralized nature and commitment to privacy and security make it a suitable option for applications that require censorship resistance and pseudonymity.
Akash Network was developed with the intention of offering an alternative to the traditional cloud services industry by leveraging blockchain technology. It was built on dependable technologies like Kubernetes and Cosmos, and is owned and managed by its community. Akash Network is the first blockchain to have carried out an Inter-Blockchain Communication (IBC) transaction with Cosmos Hub, enabling it to communicate natively with other blockchains that are also IBC compatible. Over time, Akash Network has continued to evolve and improve, with the community overseeing all aspects of its development and operation.
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Market
Market stats
$1.0B
$10.0M
234.9M AKT
1 day
#79
$8.08
-0.82%
-7.09%
+11.94%
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Social
Some highlights about Akash Network on social media
825 unique individuals are talking about Akash Network and it is ranked #221 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Akash Network has an average sentiment score of 3.4 out of 5. Finally, Akash Network is becoming more newsworthy, with 0 news articles published about Akash Network. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly bullish about Akash Network. There were 49.67% of tweets with bullish sentiment compared to 7.28% of tweets with a bearish sentiment about Akash Network. 43.05% of tweets were neutral about Akash Network. These sentiments are based on 151 tweets.
On Reddit, Akash Network was mentioned in 104 Reddit posts and there were 214 comments about Akash Network. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Overview
825 people