Akash Network

Akash Network

AKT
$5.04%-1.98

Key Metrics

Price$5.04
Real Volume (24H)$35,544,149.16
Marketcap$1,203,459,634.35
Fully Diluted Valuation$79,664,030
ATH$8.07
ATH Date4/6/2021, 9:59:48 PM
ATL$0.164994
ATL Date11/21/2022, 11:30:53 PM
Circulating Supply197M
Total Supply206M
Popularity Rank69
Chart
What is Akash Network?

The Akash Network (AKT) is a revolutionary decentralized and open-source cloud platform that aims to be at the forefront of global innovation and technology advancements. The platform is powered by leading organizations in the technology and venture capital space, and its mission is to accelerate deployment, scale, productivity, and price execution for industries such as blockchain and machine learning.

At its core, Akash Network is a marketplace that allows users to have control over the price and amenities included in the market. App developers can also use a command-line tool to easily lease and deploy apps directly from a terminal, giving them more freedom to enhance human understanding. The protocol is designed to build a global community of validators, AKT token holders, developers, and advocates, keeping the next generation of the internet open and secure.

The Akash Network is addressing the challenges facing the future of the internet and other related issues. The platform is focused on the following values to uphold the network's value: Sovereignty, which means having control over the future and outcomes; Openness, being transparent and fair to users; Equality, providing equal opportunities for all; and Empathy, the desire to understand and relate to others.

The AKT is the native utility token of the Akash Network protocol. The token is used as the primary means of governance, ensuring that the blockchain incentivizes participants and provides a default mechanism for storing and trading value. Additionally, the AKT token aims to incentivize providers to offer lower prices and stakers to participate in the network by staking. Token holders also have the opportunity to vote on network advancements and the distribution of the reserves and resources of the decentralized cloud foundation.

The Akash Network is the brainchild of co-founders Greg Osuri and Matt Gold. Greg is an experienced software engineer and entrepreneur who has a deep understanding of distributed systems, blockchain technology and software development. Matt is an experienced software engineer and has a passion for decentralized systems and the potential of blockchain technology. Together, they bring a wealth of knowledge and experience to the Akash Network project.

The Akash Network is based on a decentralized cloud computing infrastructure that is designed to be open and accessible to anyone. The protocol uses a unique consensus mechanism called Proof of Stake and Delegation (PoS&D) that allows token holders to stake their tokens and become validators of the network. This allows the network to be more secure and resistant to malicious attacks.

The Akash Network is built on the Tendermint consensus engine which allows for fast and efficient transactions. The network also utilizes the Cosmos SDK which is a modular and flexible framework that allows for the easy deployment of new features and upgrades. This makes the Akash Network a highly scalable and adaptable platform that can be used for a wide range of applications.

The Akash Network also features a built-in marketplace where users can buy and sell resources such as storage and computing power. This allows for a more efficient and cost-effective way of using the network. The marketplace is also designed to be highly customizable, allowing users to select the resources that best suit their needs.

The Akash Network also provides a command-line tool that makes it easy for developers to deploy and manage their applications on the network. This tool is designed to be user-friendly and easy to use, making it accessible to developers of all skill levels.

In conclusion, the Akash Network is a revolutionary new platform that is designed to be open, transparent, and accessible to everyone. The platform is built on cutting-edge technology and is highly customizable, making it suitable for a wide range of applications. With its unique consensus mechanism, fast and efficient transactions, and built-in marketplace, the Akash Network is poised to become the go-to platform for decentralized cloud computing. The AKT token is the native utility token of the Akash Network protocol, serving as the primary means to govern, and aims to ensure the blockchain incentivizes participants and delivers a default mechanism to store and trade value. As the network grows, so too will the potential of the AKT token.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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