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Akash Network

AKT
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Akash Network (AKT)

What is Akash Network?

What is Akash Network? Akash Network is spearheading a paradigm shift in cloud computing, disrupting conventional cloud services, and pioneering a revolution in access to essential cloud resources. Leveraging the power of blockchain technology, Akash Network has developed an open-source, decentralized, marketplace for cloud computing, offering an unprecedented level of speed, efficiency, and affordability. This innovation is set to transform the way users perceive and utilize cloud services. What are the key features of Akash Network? Decentralized Cloud Computing: Akash Network, built on a blockchain-based framework, eliminates dependence on centralized cloud providers, offering superior security, transparency for users’ data and transactions, and enhanced scalability. Permissionless Marketplace: By offering an open marketplace, Akash Network allows anyone with computational resources to become a cloud provider. Users can lease out their unused computing capacities, fostering competition and driving down prices. Flexible and Secure: With Akash, developers can effortlessly deploy applications and workloads. Moreover, the platform offers high security by using the native AKT token to ensure the integrity and authenticity of transactions on the network. Staking and Incentive Mechanism: Holders of the AKT token can participate in the network by staking their tokens. This not only helps secure the network but also earns them rewards. Interoperable Ecosystem: Akash Network is designed to be blockchain agnostic and is built on the Cosmos SDK, allowing for easy integration with other blockchain networks and fostering cross-chain collaborations. Eco-friendly: Compared to traditional cloud services, Akash Network is more energy-efficient.

Key Facts & Snapshot

  • Symbol: AKT
  • CoinGecko id: akash-network
  • Market cap rank (CoinGecko): #234
  • Categories: Artificial Intelligence (AI), Smart Contract Platform, DePIN, Osmosis Ecosystem, Proof of Stake (PoS), Archway Ecosystem, Made in USA
  • Circulating supply (snapshot): 262,695,788
  • Total supply (snapshot): 291,599,485
  • Max supply (snapshot): 388,539,008
  • All-time high (USD, CoinGecko): $8.07 (Apr 6, 2021)
  • All-time low (USD, CoinGecko): $0.1650 (Nov 21, 2022)

Market (USD snapshot)

  • Market cap (USD, snapshot): $121.87M
  • 24h volume (USD, snapshot): $5.70M
  • Fully diluted valuation (USD, snapshot): $135.28M
  • 24h price change (snapshot): -0.16%

Network & protocol

  • Country of origin (CoinGecko): US

Community & code (CoinGecko)

  • Telegram members (CoinGecko): 9,244

Contract addresses (by platform)

  • akash: uakt
  • archway: ibc/C2CFB1C37C146CF95B0784FD518F8030FEFC76C5800105B1742FB65FFE65F873
  • osmosis: ibc/1480B8FD20AD5FCAE81EA87584D269547DD4D436843C1D20F15E00EB64743EF4

Official & Community Links

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Akash Network Sectors

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Akash Network is tracked in the following market sectors on Best Info Crypto. Each page shows live aggregate data for that category.

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