ICO Today Magazine News
Cloud computing — the process of offloading work to remote servers — is inherently broken. While it mostly works as advertised, we’ve found that inefficiencies still plague the system. The products produced by the major cloud providers are usable but they are limited to shortcomings that can be solved today with advancements in container technology and a powerful token economy. The purpose of this white paper is to put forward our plan for a cloud services market called Akash Network, the worlds first global spot market for cloud computing. We see a future where the global cloud infrastructure of the world is decentralized and distributed between all cloud service providers; a market that deploys and liquidates (increasingly commoditized) data center compute in a secure, fast and transparently spot priced manner. Services are sold in a democratic but unified ecosystem that anyone can use. In this paper, we present Akash, cloud infrastructure network that is decentralized, competitive, and able to distribute applications between multiple cloud service providers around the globe. The paper will introduce the state of the existing market, outline how we are using latest developments in serverless container orchestration to combat these issues, the basics of and the necessity of the networks native token, AKASH, and finally our roadmap for launch.