Price of Akash Network (AKT) today
As of the latest data, Akash Network (AKT) is currently priced at $3.89 with a market capitalization of $931.61M. The 24-hour trading volume stands at $10.02M, The circulating supply of Akash Network is approximately 233.75M. The cryptocurrency has seen a -0.01% decrease in value over the past 24 hours.
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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.
Sentiment about Akash Network (AKT)
Akash Network is currently experiencing a positive sentiment across social media platforms, with Reddit posts reflecting a sentiment score of 92%, tweets showing 97% and YouTube videos exhibiting 71%. This positive sentiment aligns with its market performance, as it is currently priced at $3.77 with a market capitalization of $931.61M. Over the last 24 hours, the price has decreased by -5.53%. Based on the market data, the sentiment is bearish, indicating a negative outlook for the cryptocurrency.