Decentralized Cloud for All: How Akash Network is Reshaping the Tech Landscape
Let’s say you start an app on the App Store and it takes off! Congrats that’s awesome apple doesn’t like your app so they take it down. Damn you suck. Apple is able to do this because they have there own centralized cloud computing network that they have 100% control of…same thing with Google same thing with Amazon AWS. Twitter was going in that direction without the cloud just the wokeness but then Elon fired everyone and told them to go buy a pet rock(they should have listened!) ok you see the obvious problem right this gives apple google and amazon even more power and control then they already have yada yada tail as old as the 21 century. No longer because the long and short of it is decentralized cloud computing networks. This is the major theme you’ll see with blockchain to have a decentralized network to take the power away from one single institution and spread it out between those who choose to participate! I could go into fancy words and explain the tech behind it and how it functions but you don’t know how the Google cloud works either so yeah… you don’t care either way. Ok fine I bet you won’t read it but if you are interested here is what I originally thought the blog was going to be until I realized I’m blogging and I can make it however I want but if you want more information on Akash Network for a deep dive keep reading!
History of Akash Network and $AKT Token
Akash Network is a decentralized cloud computing platform that offers an open marketplace for cloud computing, allowing anyone with computational resources to become a cloud provider. It is built on a blockchain-based framework, which eliminates dependence on centralized cloud providers, offering superior security, transparency for users' data and transactions, and enhanced scalability. The network was launched in 2018 and is maintained by a global team. Akash Network has its own native token, AKT, which is used for various purposes within the network, including staking and as a medium of exchange in the marketplace. The platform also offers a staking and incentive mechanism, allowing AKT token holders to participate in the network and earn rewards. As of the current date, the price of the $AKT token is around $2.70 USD, with the yearly high of around $3.35 USD on January 9th.
How is it better then Cloud Computing Today?
Akash Network differs from traditional cloud computing platforms in several ways. It is a decentralized cloud computing marketplace that leverages underutilized computing resources worldwide, aiming to democratize cloud services by offering a transparent, cost-effective, and secure alternative to centralized cloud providers. Unlike traditional platforms, Akash Network allows for flexibility in moving between providers, offers performance benefits, and can provide cost advantages, with prices often up to 85% lower than other cloud systems due to its "reverse auction" system. Additionally, Akash Network's emphasis on privacy, sustainability, and community participation sets it apart from traditional cloud services, making it a compelling choice for those seeking efficient, secure, and cost-effective cloud computing options.
The Future of Cloud Computing
Cloud Computing is all around us everyday and is a major part of our everyday lives for a majority of the population. Manty people know this already and especially if you are reading this far into this blog you are already aware of this. Lets make you aware of the other use cases that Akash Network brings with it! Akash Network has various use cases, targeting decentralized finance (DeFi) and high-growth fields like machine learning. Some of the key use cases for Akash Network include:
Decentralized applications (dApps): Akash Network enables developers to build and deploy scalable, cost-effective, and secure dApps, providing a more decentralized and secure alternative to traditional cloud service providers.
Proof-of-stake blockchains: Users running nodes in public clouds for proof-of-stake blockchains can leverage Akash Network's computing resources to host their nodes, ensuring efficient and cost-effective operations.
Website hosting: Users hosting websites on public clouds or Platform as a Service (PaaS) solutions can utilize Akash Network's decentralized cloud computing resources for more secure and flexible hosting options.
Machine learning and artificial intelligence: Akash Network's planned support for GPU infrastructure makes it suitable for applications requiring high-performance computing, such as machine learning and artificial intelligence.
Decentralized cloud computing for DeFi: Akash Network's decentralized cloud services can be used to build and deploy DeFi applications, offering a more secure and decentralized alternative to traditional cloud providers.
These use cases demonstrate the versatility and potential of Akash Network in providing cost-effective, secure, and scalable cloud computing resources for various applications and industries.Akash Network and all of DePin (which I also have a blog on go check it out!) have a lot going for it in the year 2024 along with many aspects of cryptocurrency. But if you hate how speculative the markets are $AKT is not spectating. I will leave you with this…Akash Network is now estimated to have annual revenues of just under 14 Million USD!
Well I hope you guys are getting something out of these blogs and if not that’s okay I am learning a lot while writing them so at least I know one person is benefiting! But if you did like this blog definitely go check out my twitter/X for more be sure to follow and Stay Tuned for what is next! I am trying my best to help prepare YOU with the information that I find relevant to what is going on in the market today but also what is to come so STAY AHEAD! Stop Chasing and lets make it to the Ohzone Together! Especially now since you have all this great information at your fingertips! Thanks for reading See You next time!