Akash Network is a decentralized cloud computing market that aims to provide developers with efficient and low-cost computing resources. By utilizing idle computing resources, Akash Network provides users with an open and transparent market environment.
AKT Token
Function:
1. Payment of computing resources: AKT tokens are used to pay for renting computing resources on the Akash network.
2. Staking and Rewards: Holders can stake AKT tokens to help maintain the security of the network and receive rewards.
3. Governance: AKT token holders can participate in network governance and vote on the future development and upgrade direction of the network.
Total Supply:
- Total supply of AKT tokens is 388,539,008 Market Cap and Circulating Supply
- Market capitalization: As of now, the market capitalization of AKT token is approximately $150 million [Source: CoinMarketCap].
- Circulating supply: The current number of AKT tokens in circulation is approximately 125,568,906 [Source: CoinMarketCap]. Future development path
Akash Network’s future development roadmap focuses on the following aspects:
1. Expand market coverage: Akash plans to expand its market influence and attract more developers and corporate users. By increasing the popularity and usage of the platform, it will increase the efficiency of matching supply and demand of computing resources.
2. Technology upgrade: Continuously improve and optimize its technical architecture, including enhancing the security, scalability and user experience of the network.
3. Cross-chain interoperability: Achieve interoperability with other blockchain platforms, allowing users to seamlessly access and use Akash’s computing resources on multiple blockchain platforms.
4. New feature development: Add more features, such as supporting more types of workloads and applications, to further enhance the flexibility and adaptability of the platform.
5. Community building and governance: Enhance community participation, encourage more AKT holders to participate in network governance, and promote decentralized decision-making and development.
Technical features
- Decentralized Market: Using blockchain technology to achieve decentralized allocation and management of computing resources, avoiding the single point of failure problem of centralized platforms.
- Compatibility: Supports containerized applications and is compatible with Kubernetes, allowing existing cloud computing users to seamlessly migrate to the Akash network.
- Efficient and low-cost: By utilizing idle computing resources, it provides lower computing costs than traditional cloud service providers.
Application Scenario
- AI Training: Provides an ideal solution for AI model training that requires a lot of computing resources.
- High Performance Computing: Suitable for scientific computing, data analysis and other fields that require high performance computing resources.
- Distributed applications: Developers can deploy and run decentralized applications on the Akash network and enjoy efficient and secure computing resources.
References
- [Akash Network official website](https://akash.network/)
- [CoinMarketCap](https://www.coinmarketcap.com/currencies/akash-network/)
- [CoinGecko](https://www.coingecko.com/en/coins/akash-network)
This information provides a comprehensive perspective of the #AKT token’s core role in the Akash Network ecosystem and its technical and market performance.