Switcheo Research | Akash Network
Switcheo introduced Switcheo Reaserch about Akash Network, the world’s first decentralized cloud computing marketplace.
Founded in 2015, Akash Network is an open-source cloud computing server that enables faster, greater efficiency, and lower cost application deployments for high-growth industries which includes DeFi, decentralized organizations and applications, and machine learning/AI.
Akash is a secure, transparent, and decentralized cloud computing marketplace allowing those who require computing resources to connect with those who have the computing capacity to lease.
As compared to cloud storage, cloud computing is used to work on and complete specific projects and not simply to save and keep data. Cloud computing has links to cloud storage because data has to be transferred to the cloud storage before cloud computing systems can be used. Once data is directed to the cloud storage, anyone can process it into useful material to complete projects. The main difference between cloud computing and cloud storage is as follows:
- Cloud computing requires higher processing power than cloud storage.
- Cloud storage requires more storage space than cloud computing.
- Cloud computing is mainly targeted at businesses while cloud storage targets both professional and personal sources.
- Cloud storage is simply for the storage of data while cloud computing enables remote working and transformation of data (e.g. coding an application remotely).
About Switcheo
Switcheo is a protocol and software development entity focused on building groundbreaking platforms and blockchain solutions that pave the way for a decentralized future. Its flagship protocol, Switcheo TradeHub, is a layer 2 cross-chain protocol designed for high-performance trading of any asset, at scale. Traders can deposit tokens from various L1 chains to trade on Demex, a 2nd-generation DEX that runs on the Switcheo TradeHub protocol.
📰 INFO
https://blog.switcheo.network/switcheo-research-akash-network-decentralized-cloud-computing-2/
