Akash Network

Cosmos

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 <p>A decentralized cloud computing altcoin is soaring after Korea’s biggest crypto exchange announced support for the digital asset.</p>
 <p>Akash Network (AKT) shot up Tuesday from a low of $4 to a high of $6.74, a more than 68% increase after crypto exchange Upbit announced&nbsp;support.</p>
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 <p>At time of writing, AKT has retraced slightly to $5.30 and is sitting at a market cap of $1.2 billion.</p>
 <p>Akash Network is a decentralized open-source cloud network that supports decentralized finance (DeFi) applications and organizations, as well as machine learning, blockchains and AI.</p>
 <p>Last month, AKT was listed for trading on top US crypto exchange Coinbase after being placed on the platform’s listing roadmap in February.</p>
 <p>The project’s developer team announced Monday a summit in Austin, Texas on May 28th.</p>
 <p><em>“Get ready for Akash Accelerate ’24. This will be the first full-day Akash summit, bringing the entire community together for a packed agenda of presentations and panels from the brightest minds in the decentralized AI space.” </em></p>
 <p>Akash was built using the Cosmos (ATOM) software development kit (SDK) and implemented on the Cosmos blockchain. Akash aims to serve as a decentralized cloud computing marketplace by pooling and reallocating unused computing processing power to customers who need it.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/decentralized-cloud-computing-altcoin-explodes-after-korea-s-biggest-crypto-exchange-announces-support-tbt86279.html">https://thebittimes.com/decentralized-cloud-computing-altcoin-explodes-after-korea-s-biggest-crypto-exchange-announces-support-tbt86279.html</a></p>

Decentralized Cloud Computing Altcoin Explodes After Korea’s Biggest Crypto Exchange Announces Support

TheBitTimes

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