Akash Network is a decentralized cloud computing platform that utilizes blockchain technology and a native cryptocurrency called AKT. This network aims to enable individuals and organizations to rent their unused computing resources to others in a peer-to-peer model.
Akash Network provides a marketplace where users can connect and trade computational resources like storage and processing power. By utilizing smart contracts and blockchain technology, the platform enables secure and transparent transactions between resource providers and buyers.
Through this decentralized network, Akash aims to offer a more cost-effective and efficient solution for cloud computing needs. By leveraging idle computing resources, the network aims to reduce costs for users and promote a more sustainable and environmentally-friendly approach to cloud computing.
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