How does decentralized cloud Akash break the bottleneck of cloud computing?

How does decentralized cloud Akash break the bottleneck of cloud computing?

Amazon, Microsoft, Alibaba, Tencent, Huawei and other domestic and foreign companies have all used cloud computing to upgrade their businesses and reshape their companies, and are committed to occupying the world's commanding heights in all aspects. Many global industrial groups have also made large investments in cloud computing. For them, the cloud computing era is an important window for reshaping their competitiveness. Cloud computing is also becoming a strategic focus for the development of the information technology industry. Global information technology companies are transforming to cloud computing. They are eager for a ticket to the future of the industry, and the new ticket is also an admission ticket to the new world.

Cloud computing is no longer unfamiliar to the public at the micro level. It has been 15 years since cloud computing was first proposed in 2006. Although cloud computing has developed rapidly in the past 10 years, it seems to have encountered a development bottleneck at present. On the one hand, inefficient pricing, high usage costs, lack of flexibility, and difficult privacy guarantees, on the other hand, problems such as oligopoly have become key bottlenecks restricting the further development of cloud computing. The market oligopoly of cloud computing is becoming more and more obvious. For example, AWS, Google Cloud, Microsoft Azure and Alibaba Cloud have dominated the market with a 71% market share.

The market bottleneck currently faced by centralized cloud computing is already very obvious. Akash, which aims to be the world's first decentralized cloud computing market, is working on building a decentralized cloud by combining blockchain technology. Compared with the already saturated traditional cloud computing market, Akash has taken a different approach, positioning itself as decentralized, and is committed to providing decentralized cloud (DeCloud) for DeFi, so that high-growth industries such as DeFi, decentralized organizations and applications, and machine learning/AI can expand their scale and improve their cost-effectiveness.

Decentralized computing cluster, Akash challenges the oligopoly market

Although centralized cloud computing is currently very saturated and severely monopolized, there is still a lot of potential in the market that has not been tapped. It is expected that the entire cloud market will reach 370 billion US dollars by 2023, with unlimited prospects. Akash entered the market and wanted to provide users with a new alternative solution, mainly focusing on solving the problem of lack of cloud services that can be used for DeFi, and trying to break the current monopoly in the cloud computing market.

How to make DeFi usable? How to achieve true decentralization?

Although DeFi is decentralized finance, its dependence on centralized organizations is still very strong. Infrastructure such as nodes or validators are hosted on centralized cloud providers such as AWS. This risk of centralized control increases the systemic risk of DeFi and violates the original design intention of DeFi.

In order to ensure that DeFi remains independent and more accessible, Akash, a permissionless and decentralized cloud service provider that replaces centralized cloud providers, has emerged in the market and become the best platform for hosting DeFi nodes and DeFi front-ends, providing a viable alternative for DeFi decentralized hosting and achieving complete decentralization. Akash reduces Gas and development costs while ensuring that DeFi is truly decentralized and censorship-resistant.

Akash is known as the unstoppable cloud because only the owner of the key that deploys it has the ability to take down the application, which helps solve the problem of DeFi's resistance to censorship. The Akash platform also reduces computing costs by 10 times, making it more cost-effective to run DeFi infrastructure.

Oligopoly, how to expand the market?

The oligopoly effect in the cloud computing market is particularly evident. The four major vendors, AWS, Google Cloud, Microsoft and Alibaba Cloud, together account for 71% of the market share. Compared with these old cloud computing platforms and many new platforms, Akash's core advantages lie in its high efficiency, low cost and strong flexibility.

Although the cloud computing market is highly monopolistic, it is also true that there is a large amount of idle computing power available in the cloud computing market. There are 8.4 million data centers in the world with more than 85% idle computing power, which is obviously a "high price and low efficiency" problem. Akash has made full use of idle computing power by gathering these idle computing power to form a cloud computing provider. Under this form of integration, Akash's price advantage is prominent, which is at least 2-3 times cheaper than the market cost of existing products. Akash expects that it will reach 10 times in the future.

At the same time, centralized providers such as AWS generally charge by time, while Akash can choose to charge by workload. Pay-as-you-go has been implemented in the Akash network. If there is excess computing power, it can be sold on the market to avoid waste. The highly flexible choice also provides Akash with a certain market competitiveness.

Mainnet 2 is online, Akash has a greater advantage

Akash launched the mainnet on September 25 last year. After more than five months of development, Akash announced that Mainnet 2 was officially launched on March 8, truly realizing the DeCloud concept. In order to ensure the smooth launch of Mainnet 2, Akash conducted sufficient technical and application verification before the launch, such as the Akash Challenge held by Akash in 2020, which fully verified the scenarios of Mainnet 2 and was also a necessary stage for Akash Mainnet 2.

As a mainnet token, AKT carries great value in Akash Mainnet 2. AKT will be used as the settlement currency of the decentralized computing market, allowing users to buy and sell cloud computing using AKT. Once the network begins to generate meaningful fees and income from the market, users holding AKT will also receive a certain percentage of the fees on top of the existing staking returns.

Akash MainNet 2 can be called the world's first decentralized non-custodial cloud with a peer-to-peer market and strong interoperability. MainNet 2 allows users to set up their own suppliers, deploy their applications on the Akash decentralized cloud, and participate in the cloud computing market, either as a supplier or as a user. In terms of functional design, the Akash team has made many adjustments:

Decentralized cloud computing market: As a core feature of Akash DeCloud, developers and Akash suppliers will participate in an on-chain auction system to trade the supply and demand of cloud computing;

Flexible bidding price system: Providers can configure pricing based on parameters such as number of CPUs, storage capacity, and endpoints;

IBC Compatible: Mainnet 2 will be fully compatible with Cosmos SDK v0.41.0 (Stargate), which enables Cosmos SDK-based blockchains to connect to each other using the first standardized Inter-Blockchain Communication (IBC);

Deployment Tools: Deployment tools simplify the developer experience and help in launching their applications seamlessly on Akash.

Audit properties: Audit properties allow users who deploy applications to choose which vendors can run their applications. Anyone on the Akash blockchain can assign these properties to vendors through on-chain transactions.

Tendermint State Sync: State Sync allows developers to quickly spin up routines, which is perfect for use cases like querying the blockchain or using a web wallet.

Before the launch of Mainnet 2, Akash has reached cooperation with Chainlink, Kava, and Equinix to expand Akash's cooperation territory in an all-round and multi-level manner.

Partnering with Chainlink to enhance pricing data on Akash. By integrating with Chainlink, the market-leading decentralized oracle network, Akash will be able to ensure that Akash users have access to the most secure and accurate price data.

Partner with Kava to avoid price volatility. By integrating Kava’s stablecoin USDX, Akash becomes the first decentralized cloud platform with a stablecoin that developers can use to pay for cloud computing, allowing cloud providers to avoid market price fluctuations in cryptocurrencies while enabling USDX to gain greater usage and increase the debt ceiling for AKT collateral.

By cooperating with Equinix, Akash can obtain lower-cost supply resources. As the world's largest data center and infrastructure provider, Equinix has 220 data centers in 25 countries around the world. By utilizing the idle resources of traditional servers, Akash's resource acquisition costs have been greatly reduced.

Summarize

Akash is not just a cloud computing platform, but a more complete decentralized cloud service built on blockchain, focusing on making DeFi more decentralized. Whether in the blockchain or cloud computing fields, Akash's innovation has determined its unlimited influence.

Akash attempts to integrate the remaining resources in the computing power industry to achieve accurate matching of computing power and avoid resource waste. The ecological model is also relatively clear. Each role obtains self-value in the ecology and improves economic benefits in the process of serving others and obtaining services. In the future, as a project with broad market prospects, what kind of chemical reaction will Akash bring to the existing cloud computing market and DeFi industry? Looking forward to the subsequent development of decentralized cloud Akash.