Akash network is a secure, transparent, and decentralized cloud computing platform that connects people who need computing resources. This is also a platform that helps Web3 developers deploy dApps with a simple setup, configuration, and server management process.
To understand more about the Akash network platform, please refer to the upcoming content from AZcoin now.
What is the Akash network?
Akash Network is a secure, transparent, and decentralized cloud computing marketplace that connects those in need of computing resources with those who provide computational power for rent. To put it simply, this is the connection platform between customers and service providers about computer resources.
Akash Network also assists Web3 developers in deploying dApps with minimal setup, configuration, and server management. The project is the first decentralized open-source cloud organization, offering permissionless cloud computing resources for developers to build dApps.
Moreover, Akash Network offers some of the most competitive pricing for dApp deployment solutions. Compared to centralized alternatives like Microsoft Azure or Amazon Web Services (AWS), Akash’s prices are approximately one-third of these services.
How does Akash network work?
Akash network is designed to maintain a low barrier to entry for providers while ensuring that customers can trust the resources the platform provides. This problem is solved by using a system that requires a verifiable public record of transactions within the network.
Blockchain technologies here serve as a means to achieve consensus on the authenticity of distributed databases. From here, the Akash network becomes a cloud platform for real-world applications.
In other words, the Akash network is a platform that allows customers to buy resources from suppliers through a blockchain-powered exchange. This is where customers can post resource requests for suppliers to bid on via AKT tokens.
What makes Akash network special?
Akash Network is a cloud platform for real-world applications with the ability to meet the requirements of these applications, such as:
- Deploying large workloads across different data centers.
- Restricting connections to prevent unauthorized access to workloads.
- Self-managing – Operators do not need to continuously deploy.
To meet these requirements, Akash Network’s technology uses a P2P protocol to distribute workloads and execution configurations to customer providers.
What is an AKT token?
AKT token is the native utility coin of Akash Network, used for many governance activities, security,… and more on the project.
Specifications
- Token Name: Akash Network
- Ticker: AKT
- Token type: Utility
- Total Supply: 388.539.008 AKT
- Circulating Supply: 44.914.382 AKT
Distribution rate
At present, AKT tokens are being divided according to the following ratio:
- ATK Network Reward: 74.9%
- Investors: 8.5%
- Project development team and advisors: 6.8%
- Project operating fund: 5.1%
- Ecosystem development: 2%
- Testnet Reward: 1.3%
- Vendor and Marketing for the project: 1%
- Public sale round: 0.4%
AKT token Use Cases
AKT tokens can be used for the following tasks:
- Secure the network and receive rewards.
- Participate in governance voting for the project.
- Store and exchange value.
- Attract new users and suppliers.
How to own an AKT token?
Currently, the AKT token is listed on many different exchanges, the best crypto exchanges we recommend are Bitmax, BitMart, Gate.io, DigiFinex,…
In which wallet to store AKT tokens?
If you own a certain amount of AKT tokens and want to store them, there are 2 options for you: store them at Lunie Wallet or store them in an exchange account.
Summary
So together we have come to the end of all the interesting content surrounding the Akash network project. Hope you enjoy this content. Thank you for watching and seeing you again in other content at AZcoin.
I am Tony Vu, living in California, USA. I am currently the co-founder of AZCoin company, with many years of experience in the cryptocurrency market, I hope to bring you useful information and knowledge about virtual currency investment.
Email: [email protected]
