Akash$AKT

What is this network?

Akash Network is a decentralized cloud computing platform that enables users to buy and sell computing resources securely and efficiently. It is built using the Cosmos SDK and uses Proof-of-Stake consensus to secure its network of decentralized validators. The platform aims to provide a fast, efficient, and low-cost deployment solution for developers to launch decentralized applications, such as DeFi apps, blogs, games, data visualizations, block explorers, and other blockchain network components.

How can I mine tokens?

Akash Network does not involve traditional mining. Instead, users can earn tokens by participating in the network as validators, securing the network, and providing computing resources. Validators earn rewards for their contributions to the network.

Any geographical restrictions?

There are no specific geographical restrictions mentioned for participating in the Akash Network. The platform aims to provide a decentralized and globally accessible cloud computing solution.

How can I optimize my mining rewards?

To optimize your rewards on the Akash Network, actively participate in the network as a validator and provide computing resources. Engage in the Akash Network community, stay updated on the latest developments, and follow best practices for participating in the network. The network's reward mechanisms may change over time, so staying informed about updates and community decisions will help you optimize your rewards.

How can I use the network?

You can use the Akash Network by participating as a user and providing computing resources or deploying decentralized applications on the platform. By doing so, you can benefit from the decentralized cloud computing marketplace and access a wide range of resources at a lower cost compared to centralized cloud providers.

Who governs this network?

The Akash Network is governed by its decentralized community of users, developers, and validators. The platform utilizes blockchain governance to enable all participants to cast their votes, propose new ideas or plans, and manage critical parameters.

Funding

In March 2020, Akash Network completed a $2,000,000 seed round from George Burke and Infinite Capital. The platform has also attracted partnerships with leading projects such as Solana, Cosmos, and others. The exact amount of funding raised is not publicly disclosed.