Akash is a decentralized cloud computing market, a decentralized cloud (DeCloud) for DeFi, which can release 85% of the underutilized cloud computing capacity in 8.4 million data centers. Akash enables anyone to buy and sell unused computing power.
Akash Network is a fully autonomous proof-of-stake blockchain developed on the Cosmos Hub. It uses the native functional token Akash Token (AKT) as the main means of governance and protection of the blockchain, and provides a default mechanism to store and exchange value. AKT will serve as the reserve currency in Akash's multi-currency, multi-chain ecosystem, and at the same time ensure the economic security of the platform's public blockchain through pledge.
We are enabling the economics of the Akash token in phases. In order to properly compensate suppliers on the network, we will first stabilize the stake set in order to build the economic value of AKT by the time of mainnet 1 launch.
After the initial phase of network bootstrapping is complete, we will begin working on an Akash economic model that incentivizes suppliers to offer lower prices and incentivizes stakers to participate in the network for the long term.