Akash Network Price (AKT)

Akash Network logo
$3.66-5.11%1D
Kraken
AKT
USD
1 AKT =$3.66Last updated:
Disclaimer: This page may contain affiliate links. Bitcompare may be compensated if you visit any links. Please refer to our Advertising disclosure.

About Akash Network (AKT)

Akash Network is the world's first open-source cloud, offering a censorship-resistant, permissionless, and self-sovereign platform. It enables any data center and individual with a computer to become a cloud provider by utilizing unused compute cycles in a secure marketplace. This decentralized cloud solution, known as Akash DeCloud, enhances scale, efficiency, and price performance for industries like DeFi, decentralized organizations, machine learning, and AI. Developers can access cloud compute through Akash's platform at a cost that is 2x-3x lower than centralized cloud providers, thanks to containerization technology and a unique staking model that accelerates adoption.

The technology behind Akash Network is revolutionary, as it is the world's first decentralized open-source cloud. By integrating containerization technology with a unique staking model, Akash Network is able to provide a secure and cost-effective cloud computing solution for developers. This innovative approach not only benefits individual users and data centers but also contributes to the growth of high-demand industries such as DeFi, machine learning, and AI. Akash Network's platform offers a safe and frictionless marketplace for unused compute cycles, allowing for increased efficiency and scalability in cloud computing.

Overall, Akash Network's key features include its censorship-resistant, permissionless, and self-sovereign nature, making it a groundbreaking solution in the cloud computing industry. The platform's technology enables anyone with a computer to become a cloud provider, offering their unused compute cycles in a secure marketplace. With lower costs compared to centralized cloud providers and a focus on accelerating adoption through containerization technology and a unique staking model, Akash Network is poised to revolutionize the way cloud computing is accessed and utilized. For more information, visit Akash Network's website at https://akash.network/.

How does Akash Network work?

Akash Network (AKT) is a decentralized cloud computing platform that enables peer-to-peer transactions through its blockchain technology. It operates on a proof-of-stake consensus mechanism, allowing users to stake AKT tokens to secure the network and earn rewards. Akash Network offers a unique feature of allowing users to lease out their unused computing power to others in need of cloud services, creating a more efficient and cost-effective cloud computing ecosystem. This decentralized approach eliminates the need for intermediaries, reducing costs and increasing security and privacy for users. Akash Network can be utilized across various industries such as finance, healthcare, and gaming, providing a flexible and scalable solution for businesses looking to leverage cloud computing resources. Its decentralized nature and innovative features set it apart from traditional financial systems, offering a more efficient and secure way to access cloud computing services.

How to keep your Akash Network (AKT) safe?

To keep your Akash Network (AKT) safe, it is recommended to use hardware wallets such as Ledger for enhanced security. These wallets store your private keys offline, making it harder for hackers to access your funds. Additionally, trusted platforms like Coinbase and Kraken offer secure storage options and advanced security features to protect your AKT holdings. It is important to enable two-factor authentication, use strong passwords, and be cautious of phishing attempts to further safeguard your assets. By utilizing these security measures, you can help ensure the safety of your Akash Network tokens.

Resources

Sentiment about Akash Network (AKT)

Akash Network (AKT) is currently priced at $3.99 with a market cap of $933,646,310.50. Over the past 24 hours, the price has increased by 12.86%, while the 7-day change shows a slight decrease of -1.48%. The social sentiment surrounding AKT is notably positive, with a sentiment_absolute score of 43.00%, indicating a bullish outlook from social media posts and engagement.

The asset ranks 99th in market cap and 34th in alt_rank, showcasing its relative performance compared to other assets. The social impact score is high, indicating a strong correlation between social metrics and price trends. With a galaxy_score of 43, AKT demonstrates promising technical indicators and social activity. Despite recent fluctuations, the asset has the potential for upward momentum based on its social sentiment and market ranking.

Powered byLunaCrush

Akash Network Buying Guide