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1. Project introduction
Akash Network is a project in the field of blockchain and cloud computing.In essence, it is a decentralized cloud computing market, which aims to make cloud computing easier to access and cost lower.The network is running on a blockchain -based platform, allowing users to rent unused computing power or purchase computing resources for competitive prices.This model encourages more effective use of global computing resources, which may reduce the waste of cloud service providers and consumers and reduce costs.
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Akash Network was established in 2015, launched the main network in the COSMOS ecosystem in 2020, and supported the GPU cloud market on August 31, 2023, which further expanded its scope of service.
Akash networkSupply sideFrom data centers, miners and consumer -grade computing power.Especially after the mainstream public chain turns to the POS (Certificate of Equity), the idle computing power of a large number of mine has become a problem to be solved.Akash Network can effectively use these idle resources through cooperation with multiple large miners.At present, the Akash network has more than 17,700 CPUs and 258 GPUs, and the number is still growing.
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Demand sideIn terms of, Akash Network is committed to attracting more developers to join its open source community and actively seek cooperation with other decentralized AI protocols to expand its service scope and improve the competitiveness of the platform.For example, Akash has reached a cooperative relationship with the decentralization protocol with Gensyn and Bittersor, which has brought a lot of fixed demand to Akash.
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Akash useReverse auction mechanismMatching supply and demand, its computing power is mainly used for data pre -processing and model reasoning. Recently, model training is still trying.By developing tools such as CLOUDMOS DEPLOY and Akash Console, Akash Network has adopted a series of measures to reduce the difficulty of user use, including integrating COSMOS SWAP on Metamask to support stable coins payment.
In terms of token economics, AKT tokens play a key role in the AKASH ecosystem, including the benchmark for enhancement of network security, governance, leasing settlement units and market pricing as a pledge medium.The supply and demand is controlled by setting different handling rates and inflation rates. At the same time, some income is allocated to the community pool to use incentive measures and possible token destruction to ensure the sustainable development of the ecosystem.
2.Core mechanism
Simply put, the Akash cloud computing market focuses on the idle computing processing capabilities and re -assigned to the customers required.Akash’s “Super Cloud” connects customers to providers through transparent distributed leasing services, and retains decentralized calculation through Akash blockchain.By establishing an open and transparent market, users can freely publish resource demand and allow global resource suppliers to bid in real time, reducing the cost of cloud services.According to the MESSARI report, the cost of the same hardware of Akash is far lower than other cloud suppliers.
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The flexibility of the agreement allows the movement between providers, and also provides performance advantages from global deployment.Conversely, the provider can earn profits from the capacity that has never been used.
Through the virtualization process, computer resources are split into containerized applications.These “containers” were then rented to “tenants”, that is, buyers of cloud services on the Internet.The “provider” bids it after these requests are verified as orders, and those who have the lowest bid for the request resource will win the lease.
Through this process, each market participant will get economic incentives to use the network.The provider profits through the monetization of idle resources, while tenants benefit from lower costs.Market transactions occur on the Akash blockchain.
The Akash blockchain is guaranteed by the consensus mechanism of entrusted equity (DPOS).Therefore, the network depends on the authenticator and the client system.Akash network verifications use the client mortgaged to their tokens, and submit new blocks to the blockchain through the voting process.The client mortgage their tokens to their chosen verifications based on public information provided on the platform.
The protocol also implements the Tendermint algorithm to improve speed and scalability.With its transparent and no license process, Akash represents the first open source and decentralized cloud tank.
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Akash networkMain featureThe
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Decentralization cloud computing: Akash Network is built on a blockchain -based framework, eliminating dependence on centralized cloud providers, providing higher security and transparency for user data and transactions, and enhancing scalability.
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No license market: Akash Network provides an open market that allows anyone with computing resources to become cloud providers.Users can rent their unused computing capabilities, promote competition, and reduce prices.
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Flexibility and security: Developers can easily deploy applications and work loads. The platform provides high security by using local AKT token to ensure the integrity and authenticity of online transactions.
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Pledge and incentive mechanism: AKT token holders can participate in the network through pledge of their tokens, which not only helps protect the network, but also earns rewards for them.
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Interoperable ecosystem: Akash Network is designed as a blockchain unknown, and is based on the COSMOS SDK, allowing it to easily integrate with other blockchain networks to promote cross -chain cooperation.
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Environmental friendly: Compared with traditional cloud services, Akash Network is more energy -saving.The consensus mechanism of the network is based on equity proof and is more environmentally friendly than the work proof of many other blockchain networks.
Graphic processing unit (GPU)
An unique advantage of Akash Network is its GPU (graphic processing unit) market. For AI hosting, this is a changeable feature.Through its decentralization cloud, Akash Network provides a platform that individuals and enterprises can rent their idle GPU resources to those in need, especially AI developers and researchers.
The reason why this feature is breakthrough is mainly because:
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Cost: Traditional cloud services cost high when renting GPUs for AI processing.The open market of Akash Network has promoted competition, reduced the cost of GPU leasing, and enables AI researchers and developers to bear it.
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Scalability and performance: AI developers can easily expand their operations and computing capabilities without being limited by traditional cloud infrastructure, which means that the AI model can be trained and deployed faster.
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Security and privacy: AI applications need to process sensitive data.Akash Network’s blockchain framework ensures data security and transparent processing, and does not have the vulnerability of the centralized system.
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Democratic AI: By reducing costs and accessible thresholds, Akash Network enables wider individuals and organizations to participate in AI development and custody, promoting innovation and technological progress.
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Environmental Resources Utilization: Through its efficient use of idle GPU resources, Akash Network has greatly reduced environmental impacts, and compared with the construction and maintenance of special data centers, ecological footprints are significantly reduced.
3..AKT token
AKT is a native crypto currency of the AKASH network. Its contract is based on the blockchain of COSMOS, which is regarded as an automatic market business (AMM).It is essential for protecting the network, execution of transactions and contracts, and inspiring communities through pledge and rewards.With the development of ecosystems, AKT is expected to play an important role in supporting and protecting decentralized cloud services.
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The main features and uses of AKT:
1. Network security and governance
AKT tokens as a pledge medium have enhanced the security of the network.By pledged AKT, users can participate in the governance of Akash Network. The voting weight is determined by the number and length of their pledged token, which promotes the decentralized decision -making process of the network.
2. Leasing settlement unit
AKT is a payment unit for leased cloud resources.AKASH sets different handling rates to regulate supply and demand. For example, AKT pays the handling fee of 4%, while the USDC payment is 20%.Such strategies not only regulate market supply and demand, but also increase the practical value of AKT.
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3. Inflation and token distribution
Akash sets up to 13% of the annual inflation rate, and some inflation income and handling fee income are allocated to the community pool for public funds, incentive measures and possible tokens.This mechanism aims to ensure the sustainable development and value circulation of the ecosystem.
4. Market pricing benchmark
The AKT token is also the benchmark for market pricing, which determines the cost of resource leasing.This role emphasizes the core position of AKT in the Akash ecology, which is an important consideration for resource suppliers and consumers.
5. Circus and supply status
As of March 20, 2024, the circulation supply of AKT was about 231 million pieces. All tokens have been unlocked and no longer face higher unlocking and throwing.The current main circulation increases from inflation incentives, with a maximum supply of about 389 million.The pledge ratio is relatively high, with about 133 million AKTs used for pledge, accounting for about 57.8%.
6. Liquidity
AKT is mainly traded on central exchanges such as Kucoin, Kraken and Gate.It is worth noting that AKT has not yet been launched on the first -line exchanges such as Binance, which may affect its popularity and liquidity in specific regions.However, AKT has been launched on Coinbase, which may enhance its market attraction and investment potential.
As of now, the price of AKT tokens is $ 4.12 each, and has fallen 6.59%in the past 24 hours.The market value was 958 million US dollars, ranking 100th. The transaction volume of 24 hours was about 7.59 million US dollars, and the ratio to the market value was 0.79%.AKT’s circulation supply was 232 million, accounting for 59.83%of the total supply.The total supply and maximum supply are 232 million AKT.If the maximum supply is considered, the market value of AKT completely diluted is about 1.6 billion US dollars.
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From the chart, AKT has experienced price fluctuations in recent times, and is currently in a downward trend.Such market performance may be related to the fluctuations of the entire encrypted market, a news event or update in Akash Network.Investors and users should consider these market developments and perform appropriate risk management when considering purchasing or holding AKT tokens.
AKT price prediction:
Forecast in 2024: According to different sources, the price prediction of AKT is different at the end of 2024, ranging from $ 4.43 to $ 7.33.
Forecast in 2025: By 2025, the forecast shows that the price of AKT may reach $ 8.60, and some forecasts will be as high as 8.13 US dollars.
Long -term prediction in 2030: For longer -term expectations, by 2030, the price forecast range of AKT is from $ 2,033 to $ 4,860.
The key factor that affects prices:
Market sentiment: The positive emotions, continuous development and potential partnerships of Akash Network can be regarded as a bullish situation, and it is expected that AKT may reach about $ 5 in the next few months.
A wide range of market dynamics: If the market experiences a bull market, AKT may benefit; however, if the market collapses, AKT may also fall significantly.
Akash Network Internal Development: Successful products release, new partnerships and increases used by users may promote price increases.
Regulatory environment: Changes in the regulatory environment may affect the use and use of cryptocurrencies, which will affect the price of AKT.
Competition: Competition from other cloud computing platforms (centralized or decentralized) may limit the growth of AKT.
4. 4..Analysis and future prediction of status quo
Akash currently has rich computing power resources, including a large number of CPUs and GPUs, which provides a stable and efficient foundation for processing complex computing tasks.In addition, Akash’s GPU usage remains at a high level, indicating that its computing power resources have been fully used, reflecting strong market demand and platform attractiveness.By establishing an open source community and cooperation with other decentralized agreements, AKASH has also attracted developers and projects, further enhancing the vitality and innovation capabilities of its ecosystem.
But the decentralized computing power market is fiercely competitive, and Akash Network is facing competitors such as Render, IO.NET, Gensyn and other competitors.
Specifically, RENDER has more or higher -quality computing power resources compared to AKASH.Especially IO.NET, the number and quality of its computing resources far exceed Akash, partly because it is attractive to attract computing resources through attractive airdrops.Gensyn focused on AI model training, which is different from AKASH in business directions, but still constitutes a competitive relationship.
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Picture source @Metrics Ventures
Akash Network competitive advantage and challenge
Advantage: The advantage of AKASH is its stable computing power supply supply, higher usage rate, and active constructing developer communities and ecological cooperation.These factors jointly strengthened Akash’s market position and competitiveness.
Challenge: Competitors such as IO.NET quickly increase computing power resources through incentive mechanisms, and AKASH needs to compete with other projects in the field of GPU computing power.In addition, the continuous growth and demand verification of the decentralized computing power market is also an important challenge facing Akash.
Conclusion and outlook
Akash Network, as the core standard of decentralized computing track, has strong market competitiveness with its advantages in computing power resources, utilization and ecosystem construction.However, in the face of fierce market competition and rapidly changing technical environment, AKASH still needs to continue to optimize its platforms, enhance the quality and quantity of computing power resources, and expand its service scope to maintain and enhance its market leadership position.At the same time, AKASH responds to the continuous investment of developers’ friendship and platform’s ease of use to attract more users and developers and further consolidate its competitive advantage in the decentralized computing market.
