Securing Akash Network efficiently and affordably with Bitcoin security and Babylon’s innovative security architecture
The world is increasingly recognizing the importance of open cloud networks, particularly as a significant portion of computing resources in datacenters worldwide remain underutilized. Akash addresses this issue with an open network that enables the utilization of idle computing power — which is secured and governed by Akash’s utility token, AKT.
As a sovereign Proof-of-Stake blockchain, Akash offers many advantages, including low transaction fees, minimal environmental impact, and fast transactions. However, there is an opportunity to further enhance the network’s security by leveraging the Bitcoin blockchain, which is widely regarded as the most secure chain in existence today.
By leveraging Bitcoin security, Akash can effectively lower the economic costs associated with securing transactions and offer unique timestamping options exclusive to Bitcoin. This powerful combination will allow Akash to offer the highest standards of security provided by Proof-of-Work, while maintaining the benefits of Proof-of-Stake.
To successfully bring Bitcoin security to AKT, Akash is integrating with the Babylon testnet. Babylon is a blockchain platform that leverages the security of Bitcoin as a source of trust and a reliable timestamping service to enhance the security of Cosmos zones and other Proof-of-Stake chains. This integration allows for composable security, enabling Akash to form various security levels and asset-specific security. This flexibility allows Akash to cater to different security needs while sharing a common codebase.
Simplifying Security Provisioning
Babylon enhances the security of PoS chains by using Bitcoin’s technology as a timestamping server — a process called checkpointing. These checkpointing capabilities will enable Akash to provide a more secure way for users to record the transactions when deploying workloads or offering cloud resources to others. Ultimately, providing more options for recording transactions will reduce the economic cost of security for AKT.
By integrating Babylon’s advanced security measures, Akash will gain Bitcoin security and fast stake unbonding (Learn more about Fast stake unbonding). The network will be better protected from double-spend attacks and other major threats, and Akash would have the ability to reallocate the portion AKT from focusing on security towards other priorities.
Greater Security for a Lower Cost
In the early days of blockchain technology, Proof-of-Work miners secured the crypto ecosystem with high-performance mining rigs that consumed a significant amount of energy, which made the cost of running a mining operation astronomically high. While Proof-of-Stake (PoS) requires significantly less energy, users still need to stake tokens to be able to participate and secure the network.
Akash is decentralizing cloud infrastructure by giving users control over the price they pay as well as included amenities. Akash is also funding the development of Mesh security, which will allow blockchains that share the same set of validators to validate and verify transactions at lower costs.
But not all chains share a similar level of security. This is where Babylon’s innovative security architecture comes into play. Babylon enhances the security of the Cosmos ecosystem and other PoS chains by leveraging the Bitcoin blockchain as a timestamping server. By tapping into Bitcoin’s vast hash power and timestamping capabilities, Babylon offers an extra level of security to chains that need it, which will ultimately reduce the economic cost of securing Akash Network.
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