Buy AKASH Network (AKT)
What is Akash Network?
Akash Network is a decentralised cloud computing platform that allows users to rent out their unused computing power and developers to access this power at a reduced cost compared to traditional cloud providers. Built on the Cosmos blockchain using the Tendermint consensus engine, Akash leverages a native utility token, AKT, for network security, staking, and serving as a reserve currency within the ecosystem.
How does Akash Network work?
Akash Network operates through several layers, including an application layer for resource allocation and a provider layer for managing resources and deployments. It uses a Proof-of-Stake (PoS) consensus mechanism with validators staking AKT to validate transactions and maintain network integrity. The network also incorporates the Inter-Blockchain Communication (IBC) protocol for interoperability with other blockchains.
What are the potential use cases for Akash Network?
Potential use cases of Akash Network include hosting websites, deploying machine learning models, running blockchain nodes, and supporting decentralised applications (dApps). It offers a decentralised and censorship-resistant alternative to traditional cloud services, particularly benefiting fields such as AI, machine learning, healthcare data management, and blockchain infrastructure.
What is the history of Akash Network?
Founded in March 2018 by Overclock Labs and co-founders Greg Osuri and Adam Bozanich, Akash Network has gone through significant developments, including multiple mainnet launches and upgrades. It launched its mainnet in March 2021 after successful funding rounds and partnerships. Recent upgrades have expanded its GPU capacity and enhanced its offerings for AI and high-performance computing, leading to substantial market growth and adoption in the cloud computing sector.
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Frequently Asked Questions (FAQs)
What is the current price of AKASH Network (AKT)?
The AKASH Network price is $5.2053 AUD, representing a +0.07% from the day prior.
Where is the best place to buy AKASH Network (AKT) in Australia?
The best place to buy AKASH Network (AKT) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell AKASH Network (AKT) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of AKASH Network (AKT)?
The trading volume of AKASH Network (AKT) is $21.5M AUD in the last 24hrs, representing a +0.07% from the day prior.
How can I buy AKASH Network (AKT)?
AKASH Network (AKT) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of AKASH Network (AKT)?
The current market cap of AKASH Network (AKT) is $1.3B AUD.
Can I convert AKASH Network (AKT) to cash?
Yes - With Coinstash you can convert your AKASH Network (AKT) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many AKASH Network (AKT) are there?
The current circulating supply of AKASH Network (AKT) is 247.4M.
Is Coinstash a safe place to buy AKASH Network (AKT) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling AKASH Network (AKT) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.