We are thrilled to announce our collaboration with Akash Network, a pioneering open-source cloud computing marketplace. Akash Network offers a decentralized platform that revolutionizes cloud services, providing developers and businesses an alternative to traditional providers such as AWS, Google Cloud, and Microsoft Azure. By harnessing blockchain technology, Akash Network aims to lower costs, enhance transparency, and bolster security in cloud computing.
Akash Network functions as a decentralized cloud computing marketplace where providers list their unused computing resources. Users, known as deployers, can lease these resources to deploy applications or services. The platform employs blockchain technology to facilitate secure and transparent transactions. Key components include:
Providers
Individuals or organizations with surplus computing capacity register as providers on Akash Network, listing resources such as CPU, GPU, memory, and storage.
Deployers
Users seeking to deploy applications select resources from the marketplace based on criteria like price, performance, and location.
Bidding System
Providers compete to offer their resources at competitive prices, while deployers choose the best offers. Smart contracts automate and secure these transactions, ensuring reliability and efficiency.
Using the Akash Network offers several benefits compared to conventional cloud providers:
Cost Efficiency
Akash’s decentralized model typically results in lower costs due to competitive bidding for resources. Providers compete to offer their unused computing resources at competitive prices, driving down costs for users. This competitive marketplace ensures that users can access computing power at rates that reflect actual market conditions rather than fixed pricing models.
Transparency and Trust
Blockchain technology underpins the Akash Network, ensuring transparent transactions and verifiable resource allocation. Every transaction and resource allocation on Akash is recorded on the blockchain, providing an immutable record that enhances accountability and trust among users.
Decentralization
Akash reduces reliance on centralized entities by leveraging a decentralized architecture. This decentralization enhances security and resilience against failures or attacks that may target centralized servers. By distributing computing resources across a network of providers, Akash minimizes the risk of single points of failure and censorship.
Flexibility
The open-source nature of Akash allows for greater customization and adaptability to specific user needs. Developers and businesses can tailor their computing environments precisely to their application requirements, adjusting configurations and scaling resources as needed. This flexibility empowers users to optimize their infrastructure for performance, cost, and operational efficiency.
AKT is the native utility token of the Akash Network, serving several key functions within the ecosystem:
The Kado and Akash Network collaboration marks an exciting development in the realm of cloud computing and DeFi. By leveraging blockchain technology and a peer-to-peer marketplace, Akash offers a compelling alternative to traditional cloud services. With the integration of our financial solutions, you can look forward to a more efficient, cost-effective, and secure cloud computing experience. Whether you're a developer seeking affordable cloud resources or a business looking for innovative solutions, Kado provides seamless access to the Akash Network.
What wallets are supported on the Akash network?
With Kado, you can automatically connect your Keplr, Leap or Compass wallet to on-ramp AKT. You can also manually enter your address of any Akash-supported wallet.
What types of applications can I deploy on Akash?
You can deploy a wide variety of applications on Akash, including web applications, data processing tasks, machine learning models, and more. The platform is designed to accommodate diverse computing needs.
What payment methods are supported on Kado for purchasing AKT?
For international payments, Kado accepts debit cards, credit cards, SEPA Instant transfers, and PIX. In the U.S., you can use debit cards, credit cards, ACH transfers, or wires. We recommend using a debit card, as credit card issuers decline crypto transactions more frequently than debit cards. Please see our supported countries for more details.
