Akash Network chain
Overview
Akash Network is a decentralized cloud computing marketplace built on Cosmos SDK, enabling users to deploy containerized applications. It competes with centralized cloud providers by allowing providers to bid for compute resources. The native token AKT is used for governance, settlement, and network security.
Within the DeFi Intel graph, Akash Network connects to 2 tracked entities, most strongly to Cosmos SDK, Akash Network.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
built_with | Cosmos SDK | 95% |
deployed_on | Akash Network | 90% |
Frequently asked questions
What is Akash Network?
Akash Network is an open-source, decentralized cloud platform that provides a marketplace for computing resources, where users can deploy applications in containers and providers compete for workloads.
How does Akash Network work?
Akash uses a reverse auction mechanism where providers bid for deployment slots, allowing users to name their price. It leverages Cosmos SDK for interoperability and Tendermint consensus for security.
What is the AKT token used for?
AKT is the native utility token of Akash Network, used for governance voting, staking to secure the network, and as a medium of exchange for settling compute resource usage.
What is Akash Network connected to?
In the DeFi Intel knowledge graph, Akash Network is linked to 2 other tracked entities, most strongly to Cosmos SDK, Akash Network.
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