The current price of Akash Network is $1.75 in USD. As of now, a total of 248.3M akt are in circulation across the market. Akash Network has experienced a price change of 5.11% in past 24 hours. To explore more cryptocurrencies, please visit here. messages.Over the past 24 hours, Akash Network trading volume on crypto exchanges has reached $19.5M.
Description
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.
akt Markets
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