/1 Thought of doing a thread on Akash $AKT, explaining why it could be a game-changer in the decentralised cloud computing space. @akashnet_ has leveraged blockchain to build a decentralised cloud hosting solution that seeks to disrupt the cloud computing industry. #AWS#Azure
/2 Akash is the first distributed peer-to-peer open cloud computing marketplace. Akash is a serverless computing platform. Think #Uber, think #AirBnb. Akash cuts out the middleman in a similar vein.
/3 Hence, Akash is positioned to disrupt giants in the industry such as #AWS, #Azure and #Google, much the same way Airbnb disrupted the lodging and vacation rental industry.
/4 Akash is essentially two-fold. On the one hand you have the Akash Network, which is an on-chain marketplace which is fully decentralised. This is where you can lease computing resources.
/5 On the other hand, you have the Akash Platform, which is off-chain and consists of cloud management services which are utilised to host and manage workloads.
/6 An order is created in the following manner; a developer request to deploy creates an order. This is communicated to providers and providers who meet the requirements of the order, place their bids.
/7 The provider with the lowest bid wins and has to lease a container to the developer to deploy as per the order. Part of the lease amount is credited as payment to the blockchain.
/8 Statistics show that approximately 85% of cloud capacity is underutilised in 8.4 million data centers around the world. That is an enormous amount of computing power which is untapped. Akash intends to tap into and use this compute power in a decentralised way.
/9 Akash will let anyone buy and sell cloud computing. It's completely decentralised. Whilst on-chain data is immutable and a public record of all transactions, including each provider’s fulfillment history.
/10 Data centers worldwide can benefit from such a decentralised marketplace. Since Akash is compatible with all cloud providers and cloud apps, a company can easily move their cloud based infrastructure over to Akash. It's a win-win for all concerned. Again think Uber, AirBnb.
/11 Cloud deployments using Akash is cost-efficient, permissionless, sovereign and censorship-resistant and decentralised. Think of this, Dapps on blockchains are mostly decentralised. However, web application in these Dapps run on centralised cloud providers such as @awscloud.
/12 With Akash Dapps on blockchains can be fully independent of centralised control. Akash is still very much in its infancy. Akash is poised to take the cloud by storm, and rise to prominence just the same way industry disruptors such as #Netflix,#AirBnB and #Uber did.
/13 If you're an investor in $AKT, the native utility token, used to govern, secure the blockchain, incentivize participants, and provide a default mechanism to store and exchange value, you might be investing in something that is set to explode in the near future.
/14 Holders of $AKT will not only benefit from (APY 40%+) inflationary rewards common to most #Cosmos chains, but will also earn a share of the total network spend in 2022. Investing in $AKT might be similar to being an early investor in Uber or Netflix. The future is #DeCloud
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/1 A completely decentralised, private, secure and censorship resistant web experience is not a pipe dream. Two $COSMOS projects in combination can make this possible for all. If you haven’t guessed already, I’m talking about @Sentinel_co $DVPN and @akashnet_ $AKT.
/2 Why do people use a VPN? Primarily to keep their data private by concealing their banking information, browsing history, account passwords etc.
/3 However, leading centralised VPN companies have been known to store and collect user data, whilst at the same time being exposed to data breach vulnerabilities. This means your data is not really private or secure despite using centralised VPNs.
/1 The recent announcement that @unizen_io is in collaboration with @sifchain is a very big deal. Here’s why; Unizen intends to build an ecosystem which will provide its users the opportunity to access liquidity on both centralised and decentralised exchanges.
/2 They will do this through modular implementation wherein liquidity on any connected chain (#DEX or #CEX such as #BSC, Sifchain or #Uniswap) can be accessed directly through Unizen.
/3 The reason why this is more than mere convenience based can be illustrated by the use of an example of the utility of the Unizen platform. Let’s assume a user wants to buy 1000 $ETH.
/1 A question people often ask is, why do we need so many DEXs? Take @THORChain and @sifchain for example; It's easy to think they are almost identical. In some respects, they do have similarities. There are some notable differences though. $ROWAN $RUNE #DEX
/2 I recently made another table highlighting some of the differences between 3 #Cosmos DEXs and @Uniswap. It is easier to distinguish between them when you look past their exterior. $OSMO $ATOM $UNI #UNISWAP
/3 I thought of doing this comparison however, mainly because many people find it much harder to differentiate between @THORChain and @sifchain. The table above shows how they differ in some aspects and more importantly, how they can compliment each other.