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Akash claims to be the world’s first decentralized cloud computing marketplace, and the DeCloud for DeFi.
Akash Network is a sovereign proof-of-stake chain built on Cosmos Hub, that leverages Akash Token (AKT), a native utility token, as the primary means to govern, secure the blockchain, and provide a default mechanism to store and exchange value. AKT will act as the reserve currency in Akash’s multi-currency and multi-chain ecosystem, while ensuring economic security of the platform’s public blockchain by means of Staking.
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