The Akashian Challenge is one of the most exciting testnets that Needlecast Labs participated recently, and we're excited to announce that we have joined the Akash network as a validator.
Akash DeCloud is one of the most promising projects that is creating an important piece of the Web 3.0: a decentralized cloud computing marketplace.
As the first decentralized cloud for DeFi, Akash DeCloud greatly accelerates scale and price performance for DeFi, decentralized organizations, and high-growth industries like machine learning/AI.
The information on how to delegate to us is available on the Protocols page.
The cloud infrastructure market is projected to be $223-billion by 2023. Cloud infrastructure (the backbone of the Internet) is increasingly becoming centralized, with 70% of the market controlled by an oligopoly of four companies (Amazon’s AWS, Google Cloud, Microsoft’s Azure, and Alibaba).
Akash's mission is to break this oligopoly using a decentralized network of computing clusters, and offering resources in a peer-to-peer marketplace to build resilient and unstoppable applications at 10x less than what a developer would pay in the market today.
Akash's decentralized marketplace offers greater efficiency, compatibility, and price advantages by integrating advanced containerization technology with a unique staking model to accelerate adoption, built on Tendermint and Cosmos. The Akash Token (AKT) is a utility token used in the platform to achieve economic security, incentivize early adoption, and normalize exchange rates.