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TürkçeAkash Network Information
Akash Network is a decentralized cloud computing marketplace that offers a more cost-efficient and flexible alternative to traditional cloud providers. By utilizing blockchain technology, it empowers users to lease computing resources in a permissionless and secure environment. The platform aims to significantly reduce infrastructure costs for developers while enhancing scalability and privacy.
Introduction to Akash Network
Akash Network, identified by its symbol 'AKT', is a decentralized cloud computing marketplace. Unlike traditional providers, Akash Network offers an open and permissionless cloud where developers can buy and sell computing resources securely. Its vision is to transform the cloud computing industry by leveraging blockchain technology to provide a more efficient and cost-effective solution.
The Evolution of Akash Network
Launched with the aim of decentralizing cloud computing services, Akash Network has seen significant fluctuations in its market performance. At its peak, the coin reached an all-time high (ATH) of $8.07 on April 6, 2021, indicating strong market potential at the outset.
However, as with many cryptocurrencies, AKT's journey has been marked by volatility. It hit an all-time low (ATL) of $0.164994 on November 21, 2022, showcasing extreme price variations influenced by broader market trends and the inherent volatility of the crypto space.
Advantages of Akash Network
One major advantage of Akash Network is its ability to offer decentralized cloud computing at competitive prices. By utilizing spare capacity, Akash provides an economic alternative to traditional cloud services, potentially reducing costs significantly for developers and businesses.
Additionally, Akash is built on the Cosmos ecosystem, which allows it to leverage scalability, speed, and interoperability with other blockchain networks, enhancing its functionality and potential user base. The decentralized nature of Akash Network ensures greater privacy and security, appealing to those concerned about data control and protection.
Challenges and Drawbacks
Despite its promising model, Akash Network faces several hurdles. As a relatively new player in cloud computing, it competes with established giants like AWS, Google Cloud, and Microsoft Azure. Convincing businesses to shift their cloud operations to a decentralized platform demands substantial trust and a compelling value proposition.
The volatility of AKT's valuation can be problematic for potential users and investors, who may be wary of engaging with a currency that exhibits significant price fluctuations. Furthermore, the complexity of blockchain technology could deter adoption among non-technical users and smaller enterprises.
Future Prospects
Looking ahead, Akash Network holds promise in the realm of decentralized computing. As the demand for cloud services continues to grow, the need for cost-efficient, secure, and scalable solutions becomes increasingly crucial. Akash’s unique position as a pioneer of decentralized cloud services puts it in a favorable spot to capture market share.
To sustain and enhance its market position, continued innovation, strategic partnerships, and community engagement will be vital. If Akash can overcome its challenges and capitalize on its strengths, it has the potential to disrupt the cloud service market significantly.
Conclusion
Akash Network presents both opportunities and challenges as it seeks to redefine the cloud computing landscape. With its decentralized model, it offers a compelling alternative to traditional cloud services but must navigate market volatility and competition from established players. Its future will likely depend on its ability to foster trust, demonstrate reliability, and clearly communicate its benefits to potential users and investors. As such, Akash Network remains a cryptocurrency to watch in the evolving blockchain ecosystem.
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from price
$3
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General Information |
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Title
Akash Network
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Symbol
akt
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Whitepaper
-
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Website
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Community
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Last Updated
2025-01-21 23:51
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Price Data |
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Current Price $
2.95
$
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High 24h
3
$
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Low 24h
2.7
$
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Price Change 24h
0.115509
$
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Price Change % 24h
4.06875
%
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Market Data |
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Market Cap
730951130
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Total Volume
12263614
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Market Cap Change 24h
22820805
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Market Cap Change % 24h
3.22268
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
247443076.71074
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Total Supply
248288195.80779
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Max Supply
388539008
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Historical Data |
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All Time High (ATH)
8.07
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ATH Change %
-63.36064
%
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ATH Date
2021-04-06 18:59
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All Time Low (ATL)
0.164994
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ATL Change %
1693.16747
%
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ATL Date
2022-11-21 20:30
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