By Maly Ly
The Akashian Challenge Token Rewards & Prizes Schedule
Last Thursday, we announced open registration for The Akashian Challenge, our incentivized testnet. With a sprawling challenge that encompasses three phases over eight weeks, and massive token rewards-- 3,000,000 Akash Tokens (AKT) or 3% of the 100,000,000 AKT that will ever be pre-mined at genesis--, the competition has attracted registrations from individuals and teams from around the world. Inspired by ecosystem projects from our partners and friends, such as Cosmos Game of Stakes, Solana Tour de Sol, and Kava Founder Rewards, The Akashian Challenge enables us to strengthen the scalability, security, and usability of our platform, and help us grow a vibrant and robust community.
5 Min. Read
By Greg Osuri
Announcing The Akashian Challenge: Incentivized Testnet
Akash means “open space, sky” in ancient Sanskrit. As a decentralized system, and the world’s first distributed peer-to-peer open cloud computing marketplace, our aim is to materialize the vision of an open cloud that’s as boundless and free as the sky.
5 Min. Read
By Greg Osuri
Akash Q1 Recap & Special Unveil
Greetings,
5 Min. Read
By Maly Ly
Battling COVID-19 with Blockchain, AI, and Cloud Computing
We’re just beginning to experience the “new normal” of lockdowns, quarantines, and social distancing, of a complete disruption to our way of living and our way of working. Each week, we have more colleagues, neighbors, friends, and loved ones getting infected, or felled, by a virus we still don’t fully understand.
5 Min. Read
By Boz Menzalji
Reducing Cloud Costs for Machine Learning
The full global economic impact of the coronavirus is hard to put into words or fancy graphs. At best, we can guess with some degree of confidence what a multi-trillion dollar stimulus package and unlimited money printing will do in the mid and long term to prop up the economy.
5 Min. Read
By Greg Osuri
Akash Partners with Solana to Bring Web-Scale Smart Contracts to Supercloud
Today, I’m excited to announce that we’ve partnered with Solana to bring web-scale smart contracts to Akash Supercloud. Akash provides a serverless platform where users can run any application currently running on the cloud while leveraging the benefits of decentralized computation enabled by the Akash blockchain.
5 Min. Read
By Maly Ly
The Rise of Tokens in Blockchain
What is a Token?
5 Min. Read
By Maly Ly
How Blockchain is Transforming Cloud Computing
Today’s market for cloud computing is heavily consolidated, with the top 4 cloud service providers, Amazon Web Services, Microsoft Azure, Google Cloud, and Alibaba Cloud dominating 70% of the entire market as of the end of 2019 .
5 Min. Read
By Greg Osuri
A Founder's Guide to The SEC's Safe Harbor Proposal for Utility Tokens
It’s no secret the regulatory regime in the US hasn’t been friendly to budding decentralized projects. This is because the SEC has tried to apply Howey analysis to crypto projects that effectively classify any token that requires management as a Security.
5 Min. Read
By Maly Ly
Brave New World of Staking: A Primer on Proof of Stake (PoS)
Proof of Stake (PoS) mechanisms are steadily expanding in their use across a variety of blockchain applications. Superiority in their energy efficiency, lower barriers to entry, and governance aspects like a lower tendency for centralization make PoS an increasingly popular alternative to Proof of Work (PoW), which is leveraged to reach consensus in current iterations of Bitcoin and Ethereum, for example.
5 Min. Read
By Greg Osuri
An Evolution of Akash Network Token Economics
Last fall, we released our Akash Network Token Economic Model, a system that leverages Akash Token (AKT), a native currency, to solve for volatility (one of the biggest challenges for adoption in crypto) while ensuring economic security of our public blockchain. In the paper, we presented various strategies to mitigate inherent adoption challenges that face an early market economy — lack of sufficient demand from the tenants (consumers of computing), which in turn hurts demand because of lack of supply.
5 Min. Read
By Greg Osuri
Closer to the Future of the Cloud in 2020
In an industry dominated by three cloud providers, the largest of which was featured in a galvanizing New York Times article this past December, we knew that we were taking on much larger incumbents, and a huge challenge, one that could shape the future of the cloud, and thus, the Internet. When we set out to build the Akash Supercloud, the world’s first decentralized peer-to-peer marketplace for cloud computing, we knew we’d be tackling technical problems that had never been confronted before to give developers, the builders of the future, more freedom, flexibility, and agency to create.
5 Min. Read