Akash Network Price (AKT)

Akash Network is an open-source, decentralized marketplace for cloud computing resources. It intends to offer an alternative to the traditional cloud services industry by leveraging blockchain technology to provide a more efficient, affordable, and effective solution. Akash Network enables users to exchange computing resources securely, effectively creating a Supercloud. This Supercloud is designed to be owned and managed by its community, with the source code available to everyone. It operates on a "reverse auction" system, where customers propose their desired price and providers compete for the business, often resulting in lower prices compared to other cloud systems.

Akash Network operates on a decentralized marketplace model, where users can exchange computing resources. It uses a unique system, where customers propose their desired price and providers compete for the business. This system is powered by a simple-to-use YAML-based language called SDL, which allows users to create complex deployments spanning multiple areas and providers. Akash Network runs on Kubernetes, a container orchestration system, ensuring a reliable platform for hosting applications. It also offers a large-scale storage system and the ability to rent a dedicated IP address for applications.

Akash Network strives to provide a more efficient, affordable, and effective solution for cloud computing resources. It can be used to deploy and manage cloud infrastructure, exchange unused cloud resources, or acquire cloud resources from others. This makes it a versatile tool for a wide range of applications, from hosting web services to running complex AI models. Furthermore, Akash Network's decentralized nature and commitment to privacy and security make it a suitable option for applications that require censorship resistance and pseudonymity.

Akash Network was developed with the intention of offering an alternative to the traditional cloud services industry by leveraging blockchain technology. It was built on dependable technologies like Kubernetes and Cosmos, and is owned and managed by its community. Akash Network is the first blockchain to have carried out an Inter-Blockchain Communication (IBC) transaction with Cosmos Hub, enabling it to communicate natively with other blockchains that are also IBC compatible. Over time, Akash Network has continued to evolve and improve, with the community overseeing all aspects of its development and operation.

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The current market cap of Akash Network is $343.69M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Akash Network is $8.08. This all-time high is highest price paid for Akash Network since it was launched.

Over the last 24 hours, the trading volume of Akash Network is $84.80M.

Assets that have a similar market cap to Akash Network include Pendle, Amp, Kaito, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Akash Network is 248 million.

Akash Network ranks 106 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Yes, Akash Network is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Akash Network guide.