Akash Network (AKT)
| Market Cap | $25,276,131 |
|---|---|
| Trading Volume | $869,720 |
| Volume / Market Cap | 0.0344 |
| Total Supply | 162,863,559 AKT |
| Max Supply | 388,539,008 AKT |
Akash Network is currently trading at $0.2241, after a price change of 2.84% in the last 24 hours.
Ranked as cryptocurrency #505 by capitalization today, AKT market cap is valued at $25,276,131. AKT trading volume reached $869,720 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on AKT coin price prediction page.
What is Akash Network?
Akash is a decentralized marketplace for cloud computing. The platform lets users deploy Docker containers in any cloud provider for cheaper AWS in the command line. The featured Akash Marketplace allows users to lease computing capacity from the cloud service providers before deploying a Docker container on the Akash Container platform.
Akash is a tendermint application built on Cosmos SDK. The Akash container is a deployment platform for hosting and running containers where users can manage any cloud-native application. Akash also uses the proof-of-stake consensus model with validators in its network security. The validators’ stake is slashed if they go offline or sign blocks at the same height. Akash is developed with a set of cloud management functions, including Kubernetes for managing containers.
AKT is the native token powering Akash, used in staking, governance, and utility. Holders of the tokens can vote on active proposals by delegating funds to a validator of choice. There are currently 113,861,304.12 circulating AKT tokens from a total supply of 162,863,559 and a maximum of 388,539,008. The tokens are also used in incentivizing validators to offer lower price and stakers to take part in network security. Greg Osuri is the founder of the Akash network.