Akash Network
is adding support for the Helium Network, the largest peer-to-peer wireless
internet-of-things (IoT) network, to provide a decentralized, open-source, and
low-cost cloud alternative for Helium's new blockchain validators, estimated to
launch June 2021.
With containerization technology and a unique staking model to accelerate
adoption, Akash leverages 85% of underutilized global cloud capacity in 8.4
million data centers and servers, enabling developers to set their price for
cloud computing. Akash provides a fast, more efficient, and low-cost deployment
and hosting solution for the Helium validator software.
"Helium validators running on Akash will have unique advantages such as
setting their cost for deployment, scaling up quickly to multiple nodes without
building their own Kubernetes cluster, settling payments using cryptocurrency,
and switching cloud providers and regions instantly," said Greg Osuri, CEO
of Akash Network. "The blockchain validator community values
decentralization and Akash's permissionless decentralized cloud meet that key
requirement."
Validators will play an integral role in the expansion, stability, and
success of the Helium network, acting as the consensus group, and performing
functions that include verifying transactions and adding new blocks to the
blockchain.
Operating a validator will require hosting the software on a secure and
reliable infrastructure. The return on investment for operating a validator is
linked to the cost of server hosting and the amount of Helium tokens (HNT)
staked. As a secure, decentralized cloud marketplace offering 2-3 times lower
cost compute than centralized cloud providers, Akash is positioned to
onboard and support thousands of potential new validators on the Helium
blockchain.
"Migrating the Helium blockchain's consensus group from hosted hotspots
to validators is a major upgrade for scalability and performance," said
Scott Sigel, Director of Operations at the Decentralized Wireless Alliance, the
nonprofit foundation arm of the Helium Network. "From the Foundation's
perspective, we want to see Helium validators optimize for diversity of
infrastructure and decentralization, which is why we're thrilled to have Akash
in the Helium ecosystem. Not only is their performance and cost structure
attractive to node operators, but their decentralized cloud aligns with our own
ethos of creating permissionless and open systems."