Akash Network (AKT) is a decentralized cloud computing marketplace developed by Overclock Labs. It offers a unique approach to cloud infrastructure, challenging the current dominance of major cloud providers.
It enables companies with unused server capacity to make it available for cloud deployments. Developers post their deployment criteria on Akash's native blockchain, where providers can bid to fulfill these requirements. The winning bidder, typically the lowest bid, then collaborates off-chain to distribute the workload using Docker containers. The payment for services is conducted in Akash tokens (AKT), transferred periodically from the client’s wallet to the provider’s wallet as long as the workload remains active.
Unlike traditional cloud services that rely on a limited number of large data centers, Akash Network utilizes a distributed model. It leverages the existing capacity in numerous companies’ data centers, avoiding the massive capital and operational expenditures associated with building and managing a centralized infrastructure. Blockchain technology underpins this model, facilitating peer-to-peer transactions and ensuring transparency in marketplace activities.
In essence, Akash Network (AKT) represents a novel approach to cloud computing, utilizing blockchain technology to decentralize the market and offer a more competitive and transparent alternative to traditional cloud service models.
Akash Network (AKT) is a decentralized cloud computing marketplace developed by Overclock Labs. It offers a unique approach to cloud infrastructure, challenging the current dominance of major cloud providers.
It enables companies with unused server capacity to make it available for cloud deployments. Developers post their deployment criteria on Akash's native blockchain, where providers can bid to fulfill these requirements. The winning bidder, typically the lowest bid, then collaborates off-chain to distribute the workload using Docker containers. The payment for services is conducted in Akash tokens (AKT), transferred periodically from the client’s wallet to the provider’s wallet as long as the workload remains active.
Unlike traditional cloud services that rely on a limited number of large data centers, Akash Network utilizes a distributed model. It leverages the existing capacity in numerous companies’ data centers, avoiding the massive capital and operational expenditures associated with building and managing a centralized infrastructure. Blockchain technology underpins this model, facilitating peer-to-peer transactions and ensuring transparency in marketplace activities.
In essence, Akash Network (AKT) represents a novel approach to cloud computing, utilizing blockchain technology to decentralize the market and offer a more competitive and transparent alternative to traditional cloud service models.