- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Akash Network
About Akash Network
Akash Network, envisioned by its CEO Greg Osuri, is a novel decentralized cloud computing platform. Distancing itself from traditional cloud providers, it establishes a peer-to-peer marketplace, allowing users to either rent out or lease computing resources. Utilizing containerization technology, Akash facilitates the deployment of a diverse range of applications on its decentralized cloud. The network is primarily powered by its native token, $AKT. This token is multifunctional, enabling users to stake for network validation and subsequent rewards, participate in governance by voting on network changes, and make payments for computational resources. Furthermore, being part of a Proof-of-Stake (PoS) blockchain, staking AKT enhances network security and offers stakers a passive income. Serving as a cornerstone in the Cosmos ecosystem, AKT not only acts as a reserve currency but also incentivizes cost-competitive offerings from providers and long-term staking commitment from users.
Akash Network is a decentralised cloud computing platform that provides a marketplace for buying and selling computing resources. Built within the Cosmos ecosystem, it operates on a Proof-of-Stake (PoS) consensus mechanism to offer scalable, interoperable, and cost-efficient cloud infrastructure. By enabling users to access decentralised computing power, Akash Network presents an alternative to traditional cloud providers.
The network is designed to support various workloads, including artificial intelligence (AI), machine learning, and high-performance computing. It allows developers to deploy applications without relying on centralised infrastructure, improving accessibility and reducing costs.
AKT is the native utility token of Akash Network, facilitating several functions:
- Staking: Secures the network through a Proof-of-Stake model, allowing participants to earn rewards.
- Governance: AKT holders can vote on network upgrades and operational changes.
- Payments: Acts as a medium of exchange for users purchasing cloud computing resources.
- Incentives: Rewards node operators and participants who contribute computing power to the network.