5 Min. Read

Akash Partners with Cosmos’s Interchain Foundation

by Jack Zampolin

Insight

banner image for the post Akash Partners with Cosmos’s Interchain Foundation

For blockchain based systems to gain wider adoption and achieve consumer scale in high growth industries like decentralized finance (DeFi), we need to quickly solve the scalability problems that have plagued the space since its inception. The industry, and our team at Akash, has tried many different approaches to solving this problem. 

Three Approaches to the Blockchain Scalability Problem
_____

One approach that a number of blockchain projects are taking to expand blockchain scalability is to develop faster databases with hardware, and increase transactions per second (TPS). However, there are limits to the scalability of individual computers, which in turn limits the scalability of chains that rely on individual computers. Another approach is to shard the blockchain. This approach is technically complicated, and there are many well funded teams working on it with little to show in terms of production systems.

With both these approaches, there are still unsolved technical problems, no working implementations, and solutions are at least a year away from deployment.

There is a third approach, called Inter-Blockchain Communication (IBC), led by Cosmos Network’s non-profit Interchain Foundation, that solves the scalability problem by enabling different blockchain protocols to communicate and transact with each other independently. 

Inter-Blockchain Communication and Interoperability
_____

The proposed IBC standard provides a framework to connect the global economy to the blockchain, and parties on existing blockchains will be able to interact and exchange with each other across chains.

In development for over three years, IBC is the flagship feature of the Cosmos Network. For crypto and blockchain, where interoperability and composability are essential to continued growth for decentralized sectors like DeFi, IBC is the most promising and production ready solution. 

The ability to transact quickly across chains will be transformational for the industry.

So much so that Polkadot and Ethereum 2 are working to adopt IBC and join the broader interchain system. 

Akash Partnership with Interchain Foundation
_____

IBC will underlie the next generation of blockchain protocols. It’s no secret that Akash has been a committed proponent of Cosmos Network and Tendermint. We were early believers in Cosmos and Tendermint’s mission, technology, and community, and intentionally built our decentralized cloud marketplace with Cosmos SDK.

Today, we’re thrilled to announce that Akash Network is solidifying an essential position in the Cosmos ecosystem through partnership with the Interchain Foundation. We’re partnering with ICF to accelerate development of the IBC interoperability protocol.

With the ICF, we’ll be working on the leading edge of research, deploying live production systems to make IBC a reality. The ICF has awarded Akash with a grant to maintain and build the relayer for IBC. Critical to launching the protocol, the relayer is the user interface that will enable all transfers and transactions on IBC. It is the only way users will initially be able to use IBC.

IBC development has a legacy at Akash. As former Head of Product at Cosmos/Tendermint, I worked with Iqlusion founder Zaki Manian on Game of Zones, IBC’s successful testnet implementation. Leveraging my early work on IBC development, I will be leading Akash’s team in building the relayer, and Akash’s IBC implementation.

Through the work with IBC, Akash will be one of the first companies to implement and integrate IBC. With IBC, Akash DeCloud’s distinct and differentiating features like multi-currency settlement and the ability to pay for cloud compute using stablecoins (such as Kava’s USDX) will be coming much sooner, rather than later. 

In the future, decentralized organizations (DAOs) will be able to purchase cloud compute programmatically on Akash DeCloud, over IBC, instead of relying on centralized exchanges or centralized cloud providers.

The Possibilities of Akash DeCloud with Inter-Blockchain Communication
_____

Akash Network’s partnership with ICF, and our integral contribution to the development of IBC will enable us to adopt and benefit from interchain technologies faster than any other company.

Akash DeCloud, integrated with IBC, will enable more composability, innovation, and massive scaling for exciting decentralized sectors like DeFi. 

And this is just the beginning.

Share this Blog

Discover what's happening on Akash

banner image for the post Akash Network Partners with Kava Labs to Provide Decentralized Hosting for the Kava Ecosystem

By Kelsey Ruiz

Partners

Akash Network Partners with Kava Labs to Provide Decentralized Hosting for the Kava Ecosystem

Akash Network has been selected by Kava Labs as the preferred distributed cloud hosting solution for the Kava Ecosystem. Akash began integration with Kava in September 2020, and continues to work closely with the Kava Labs team to support cross-chain DeFi applications and services.

5 Min. Read

banner image for the post Akash and Polygon Offer Decentralized Infrastructure to dApp Developers

By Colin Pollen

Developers

Akash and Polygon Offer Decentralized Infrastructure to dApp Developers

Akash Network and Polygon join forces with a bounty matching program that offers the Polygon Ecosystem a path from traditional cloud to cloud providers on Akash Network. Akash’s peer-to-peer marketplace offers Polygon developers a cost-effective option to deploy and scale their applications and services while Polygon provides a starter kit to developers including instructions for hosting on Akash Network.

5 Min. Read

banner image for the post Announcing the Skynet Hackathon Winner

By Kelsey Ruiz

Developers

Announcing the Skynet Hackathon Winner

In June, we announced an integration with Skynet Labs to provide the first full-stack decentralized web (dWeb) solution to handle backup, restore, and migration.

5 Min. Read

Experience the Supercloud.