Akash Network
AKT Price
Akash Network revolutionizes cloud computing with ownership, decentralized marketplace, and blockchain-backed security. More
| Fully Diluted Valuation | $374.39M |
|---|---|
| 24H Trading Volume | $13.65M |
| 24H Low / High | $1.33 / $ 1.39 |
| Circulating Supply | 274.28 M |
| Total Supply | 274.73 M |
| Max Supply | 388.54 M |
| Categories | Artificial Intelligence (AI) 6 more |
|---|---|
| Founder | Greg Osuri 2 more |
| Website | akash.network |
| Socials | 5 more |
| Chains | Osmosis Ecosystem 2 more |
| Explorer | Ping 4 more |
| Contracts |
ibc/1....43EF4
2 more
|
| Name | Pair | OG Score |
|---|
Akash Network, established in 2020, emerges as a groundbreaking force reshaping the landscape of cloud computing. Functioning as an open-source, decentralized "Supercloud," Akash fundamentally alters the traditional cloud services model. At its core, this network empowers users to not just access but truly own their cloud infrastructure, offering a level of control and flexibility unparalleled in conventional cloud systems.
Fueling this paradigm shift is Akash's utilization of cutting-edge technologies like Kubernetes and Cosmos, establishing a robust and dependable foundation for its operations. The platform's hallmark feature is its "reverse auction" system, enabling users to buy and sell computing resources lower than other cloud systems. This decentralized marketplace, facilitated by blockchain technology, democratizes access to essential cloud resources, driving unparalleled speed, efficiency, and affordability.
One of Akash's defining strengths lies in its programming language SDL, an intuitive YAML-based orchestration layer allowing seamless creation of intricate deployments across multiple areas and providers. Moreover, its integration with Kubernetes ensures a secure and reliable hosting environment, while innovative features like limitless storage, dedicated IP leasing, and censorship-resistant deployment solidify Akash's position as a game-changer in cloud computing. Notably, Akash's pseudonymous and non-attributable protocol ensures a high level of privacy and security, enabling anonymous application deployment without compromising identity.
Furthermore, as a layer one protocol built on Cosmos SDK, Akash operates on a Proof-of-Stake consensus model, securing its network through AKT, its native token. Its interoperability via Inter-Blockchain Communication (IBC) transactions with Cosmos Hub marks a significant stride, facilitating seamless communication with other IBC-compatible blockchains.
Akash Network stands out for its decentralized "Supercloud" concept, empowering users to own their cloud infrastructure via a groundbreaking "reverse auction" system, offering computing resources at significantly lower prices compared to conventional cloud systems. It integrates blockchain technology for a secure, censorship-resistant, and private cloud deployment, solidifying its innovation in the cloud computing landscape.
Akash Network was founded by Greg Osuri, known for his vision in revolutionizing cloud infrastructure, along with Adam Bozanich and David Thatcher.
Akash Network has received backing from notable investors like Arrington Capital, 1confirmation, and Binance, among others, supporting its mission to redefine cloud computing.
Akash Network operates on a Proof-of-Stake (PoS) consensus mechanism secured by its native token, AKT, enabling efficient validation of its decentralized network of validators.
You can buy Akash Network (AKT) on Coinbase, Kraken, Gate.io, Crypto.comHTX cryptocurrency exchanges.
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AKT is not mineable. Akash Network relies on a Proof-of-Stake consensus mechanism for securing its network rather than a mineable protocol.
There may be different staking options available such as to participate in DAOs, decentralized governance and for revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Akash Network (AKT) is ($274,277,238), max supply of Akash Network AKT is ($388,539,008) and the market cap of Akash Network AKT is ($373,776,621).
What is the Akash Network (AKT) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Akash Network (AKT) is $1. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Akash Network (AKT) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
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Does Coin (Akash Network AKT) solve a good problem or offer the best solution?
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Does the team have a realistic roadmap and can catch up with it?
Does Akash Network (AKT) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
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As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Akash Network (AKT) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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