Hope everyone is enjoying the slow crawl back to a 60K Bitcoin. This week saw Matic Network get some great 100% gains for its recent rebrand to Polygon Technologies. With Pirate Chain and Waves (can’t make this stuff up folks) giving holders a nice 70%+ bump as well. Surprisingly to me when looking back, we haven’t discussed much of any cloud computing service providers developing in the space at the moment. So with the intention of changing that, today we’ll be looking at a new protocol launched last year by utilizing the Cosmos blockchain called Akash Network.
Introduction
The Akash Network is a secure, transparent, and decentralized cloud computing marketplace that connects those who need computing resources (clients) with those that have the capacity to sell (providers). Known as “DeCloud”, Akash acts as a serverless super cloud by providing a unified layer on top of existing providers in the marketplace. Creating a singular cloud-based platform, regardless of the specific provider being used. Clients can be drawn into Akash because of its cost advantage, usability, and flexibility to move between providers. With extra performance benefits in relation to global deployments. Providers use Akash because it allows them to earn profits by selling dedicated or unused capacity. The primary driver for cloud adoption is the promise of flexibility and cost advantage, but the reality is that the products offered by current cloud providers are overpriced, complicated, and lock clients into ecosystems that limit their ability to innovate, compete, and have sovereignty over their infrastructure needs. The difference in capital expenditure of purchasing hardware and leasing data centers and running the cloud on-premise is marginal. But the current cloud providers have a significant advantage with operating expenditure because of their investments in automation and minimal human interactions. This model adopted by the providers stifles innovation as it reduces the chance of an open-source project succeeding. Cloud providers act as middlemen that set the rules of engagement for the industry while making no contribution to society as a whole.
The foundational design goal of the Akash Network is to maintain a low barrier for entry to providers while at the same time ensuring that clients can trust the resources that the platform offers them. Akash is primarily a platform that allows clients to get resources from providers. This is enabled by a Cosmos-powered distributed exchange where clients post their desired resources for providers to bid on. To support running workloads on procured resources, Akash includes a peer-to-peer protocol for distributing workloads and deployment configuration to and between a client’s providers. Workloads in Akash are defined as Docker containers. These containers allow for isolated and configurable execution environments, and already part of many cloud-based deployments today. Akash is also politically decentralized. So, no single entity controls the network and no intermediary facilitates transactions. Making it so that no entity is incentivized to control or extract unintended marginal revenue from the network. Akash is currently developing an all-in-one Node called Supermini that will allow anyone to operate a node right out of the box. With the first 300 units selling out, the current waiting…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
