Akash Network, the World's First Decentralized Cloud Computing Marketplace and the First DeCloud for DeFi, Develops Critical IBC Relayer for Inter-Blockchain Communication Protocol
SAN FRANCISCO, Feb. 18, 2021 /PRNewswire/ -- Akash Network, the world's first decentralized cloud computing marketplace and the first DeCloud for DeFi, has developed and is set to launch the Inter-Blockchain Communication (IBC) Relayer timed to Interchain Foundation's launch of IBC, today. IBC enables various blockchain protocols to communicate and transact with each other independently, providing a framework to connect the global economy to the blockchain.
"This ability for chains to transact and interoperate will be revolutionary for the industry"
"Participants on existing blockchains will be able to interact and exchange with each other across chains. This ability for chains to transact and interoperate will be revolutionary for the industry," said Adam Bozanich, Chief Technology Officer of Akash Network. He added, "We look forward to seeing how the community uses the Relayer and incorporating their feedback to make improvements."
Key features for the IBC Relayer include:
Akash will be one of the first networks in the world to integrate with IBC and IBC Relayer, through the early March 2021 launch of Akash MAINNET 2, the first viable decentralized cloud alternative to centralized cloud providers such as Amazon Web Services, Microsoft Azure, and Google Cloud.
About Akash Network:
Akash Network is developing the world's first and only decentralized cloud computing marketplace, enabling any data center and anyone with a computer to become a cloud provider by offering their unused compute cycles in a safe and frictionless marketplace. Akash DeCloud greatly accelerates scale, efficiency, and price performance for DeFi, decentralized organizations, and high-growth industries like machine learning/AI.
Through Akash's platform, developers can easily and securely access cloud compute at a cost currently 2x-3x lower than centralized cloud providers (AWS, Google Cloud, and Microsoft Azure). The platform achieves these benefits by integrating advanced containerization technology with a unique staking model to accelerate adoption. For more information, visit: https://akash.network/
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SOURCE Akash Network