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Akkad Network

Akkad Network is the first BTC Liquidity-as-a-Service, EVM-compatible blockchain, secured by Cosmos and Babylon infrastructure. The platform offers cross-chain BTC liquidity access, with decentralized security, high throughput, and incentives for governance participation.

What is Akkad Network?

Akkad Network is the first BTC Liquidity-as-a-Service platform and a consumer-driven EVM-compatible blockchain, secured by Babylon's native Cosmos infrastructure. It aims to address liquidity fragmentation issues for Bitcoin Liquid Staking Derivative (LSD) tokens by providing flexible and scalable liquidity as a service, accessible across multiple blockchains.

How Does Akkad Network Work?

Akkad Network operates as a consumer-driven EVM blockchain secured by Babylon's Cosmos infrastructure. It utilizes synthetic BTC assets (ABTC) as gas tokens, enabling seamless transactions and enhanced liquidity across the ecosystem. The platform integrates staking, voting, and rewards mechanisms to drive continuous liquidity growth and user participation.

What Makes Akkad Network Unique?

Key features of Akkad Network include: BTC Liquidity Abstraction: Unlocks BTC liquidity, providing scalable and accessible liquidity as a service across various blockchains. Babylon Security: Ensures robust, decentralized security through Babylon's infrastructure, safeguarding transactions and network integrity. Interoperability with IBC: Enables seamless cross-chain communication and asset transfers through the Inter-Blockchain Communication (IBC) protocol. Tendermint BFT and PoS: Combines Byzantine Fault Tolerance with Proof of Stake for secure, energy-efficient consensus. EVM Compatibility: Seamlessly integrates with all existing EVM tools and infrastructure, offering full support for Ethereum-based applications. High Throughput: Designed to handle a high volume of transactions efficiently, ensuring fast and scalable performance. Voting and Incentive Flywheel Mechanism: Incentivizes active participation and governance through a dynamic voting and rewards system for BTC LSD Liquidity Providers. Synthetic BTC as a Gas Token: Uses ABTC, a synthetic asset, as the gas token for transactions, simplifying the process and enhancing liquidity.

Who Are the Founders of Akkad Network?

The Akkad Network team includes: Ryan (Project Lead): Master of Engineering from UNSW, former SRE lead at Nethermind, former Cloud Architect at Taiko, and former Senior DevOps at Myria. Extensive experience delivering web3 products. Jungle (Ops Lead): Former Head of Digital Research at a top-tier consulting firm with rich experience in crypto exchange growth and operations, and a profound understanding of trading. Yuyin (Frontend Engineer, UI/UX Designer): Bachelor from UTS, former Front-end Engineer at Solv Finance.

Latest News

What Key Events Have There Been for Akkad Network?

As of now, specific significant milestones, partnerships, or announcements for Akkad Network are not publicly available.

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Where to Buy Akkad Network?

Information on exchanges where Akkad Network tokens can be traded is currently unavailable.

Akkad Network Price

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Akkad Network Price Prediction

Currently, there are no available forecasts from reliable experts or publications regarding Akkad Network's price.

FAQ

What is the Purpose of Akkad Network?

How Can I Participate in Akkad Network's Ecosystem?

What Sets Akkad Network Apart from Competitors?

Is Akkad Network Secure?

What are the Risks Associated with Akkad Network?

Community Sentiment

28.27K Votes

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Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.