Akash Network - The Decentralized Compute Marketplace

The Crypto Conversation

Greg Osuri is the co-founder and CEO of Akash Network, an open network that lets users buy and sell computing resources securely and efficiently. The network is purpose-built for public utility.

Why you should listen

Akash Network is a decentralized cloud computing platform that provides an open-source and decentralized marketplace for computing resources. It uses a blockchain-based system to facilitate secure and efficient buying and selling of computing power, which is offered by providers who manage infrastructure and Kubernetes clusters. Akash Network enables users to deploy applications using Docker containers, promoting a cost-effective and flexible alternative to traditional cloud services like Amazon AWS, Google Cloud Platform, and Microsoft Azure. Akash operates a marketplace where users can lease computing resources from various providers. The platform uses the Akash Token (AKT) for transactions, which also serves for governance, security through staking, and as a default exchange of value within the network.

Hosting on Akash is significantly cheaper—approximately one-third the cost—compared to conventional cloud services.

The platform is secured with a Proof-of-Stake (PoS) blockchain, and AKT holders can participate in governance decisions. Akash provides greater infrastructure flexibility and is built on open-source principles, promoting community involvement and avoiding vendor lock-in.

Supporting links

Stabull Finance

Akash Network

Andy on Twitter

Brave New Coin on Twitter

Brave New Coin

If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using.