Akash is a decentralized cloud computing marketplace, designed as a Decentralized Cloud (DeCloud) for DeFi, tapping into 85% of underutilized cloud computing capacity across 8.4 million data centers. Akash enables anyone to buy and sell unused computing power.
The Akash Network is a fully autonomous Proof-of-Stake blockchain built on the Cosmos Hub, leveraging its native utility token, Akash Token (AKT). AKT serves as the primary means for governance and securing the blockchain, providing a default mechanism for storing and exchanging value. It will act as a reserve currency within Akashs multi-token, multi-chain ecosystem while ensuring the economic security of the public blockchain through staking.
We are progressively enabling the Akash Tokens economic model. To appropriately compensate suppliers on the network, we will first stabilize the staking set to establish the economic value of AKT at the launch of Mainnet 1.
Following the initial phase of network usage bootstrapping, we will begin exploring the Akash economic model, incentivizing suppliers to offer lower prices and encouraging stakers to engage in long-term participation in the network.