What is Akash and how does it work?

Akash is a secure, transparent, and decentralized cloud computing marketplace that connects those who need computing resources with those that have the computing capacity to lease. Akash, also called Akash DeCloud, consists of two main components: the network and the platform.

What is Akash token (Akt)?

Core to the Akash network is a token economic model that uses a native asset called Akash token (AKT) to solve the volatility issues and ensures the financial security of the platform’s public blockchain. The AKT has three main functions: to resolve, reward, and reserve.

What is the Akash network blockchain?

So, the Akash Network blockchain provides a layer of trust in an otherwise decentralized and trustless environment. The blockchain earns its trust through an open and transparent platform. Data on the chain is an immutable and public record of all transactions, including each provider’s fulfillment history.

Why is staking a good idea?

Many long-term crypto holders look at staking as a way of making their assets work for them by generating rewards, rather than collecting dust in their crypto wallets. Staking is also a way to contribute to the security and efficiency of the blockchain projects you support.