Akash Network[AKT]
Akash Network is a decentralized cloud computing platform that enables scalable, cost-effective hosting for applications.
Akash Network (AKT) is a decentralized, open-source cloud computing platform built on the Cosmos SDK and secured by a Delegated Proof-of-Stake (DPoS) consensus mechanism. It creates a global marketplace where users can buy and sell computing resources efficiently and securely, offering an alternative to traditional centralized cloud providers like AWS and Google Cloud. Akash leverages blockchain technology to enable censorship-resistant, permissionless deployment of decentralized applications (dApps) and other workloads, while providing lower costs—up to 85% cheaper than hyperscale cloud services—through its reverse auction system.
The AKT token is the native utility token of the Akash Network, playing a central role in network security, governance, and economic incentives. Holders can stake AKT to secure the network, participate in governance voting, and earn rewards. AKT is also used for lease settlements between cloud providers and users, facilitating transactions within the marketplace. Akash’s architecture features multiple layers—including blockchain, application, provider, and user layers—enabling flexible, scalable deployments with persistent storage, dedicated IP leasing, and Kubernetes-based container orchestration. The network emphasizes privacy, security, and interoperability, being the first blockchain to achieve IBC communication with Cosmos Hub.
The AKT token is the native utility token of the Akash Network, playing a central role in network security, governance, and economic incentives. Holders can stake AKT to secure the network, participate in governance voting, and earn rewards. AKT is also used for lease settlements between cloud providers and users, facilitating transactions within the marketplace. Akash’s architecture features multiple layers—including blockchain, application, provider, and user layers—enabling flexible, scalable deployments with persistent storage, dedicated IP leasing, and Kubernetes-based container orchestration. The network emphasizes privacy, security, and interoperability, being the first blockchain to achieve IBC communication with Cosmos Hub.
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Current price
24h:0.372%Market cap
Trading volume 24h
Fully diluted market cap
All time high price
86.69%All time low price
551.31%Token supply
0 AKT (0%)
273.55M AKT (100%)
$0.0591
$1.07
$0
$293.79M
271.34M AKT (99.19%)