Akash Network

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Updated: 12 Jan, 2:38 pm UTC
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The Akash Network is a blockchain-based distributed cloud computing platform that is optimised for applications and services. It was founded in 2018 by Greg Osuri and Jay Sharma and is based in San Francisco, California. The Akash Network provides a marketplace for cloud computing resources, allowing users to access unused computing resources from anywhere in the world.

The Akash Network uses its native cryptocurrency, called AKT, to facilitate payments for cloud computing resources. The Akash Network's technology is designed to be more secure and efficient than traditional cloud computing services. It uses distributed ledger technology to store data across a network of nodes and can process transactions faster than other blockchain networks. The Akash Network also includes a decentralised application platform that allows developers to create and deploy dApps on the Akash Network. Akash Network is a platform that provides users with access to cloud computing resources at lower costs and improved security.