Cudos

What is CUDOS?

CUDOS is a Delegated Proof-of-Stake, layer-1 blockchain with a vision for decentralized computation accessible on-chain. The project's network design separates consensus from execution, ensuring secure, decentralized, and permissionless access to high-performance computing at scale. Builders on the CUDOS network gain access to high application performance, a developer-friendly toolkit, and composable asset management. Users benefit from high cryptographic security, public blockchain transparency, cross-chain interoperability, and carbon-neutral transactions.

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Recent Video Interview

Main points of the interview:

• Pete, co-founder of Cudos Network, discussed his journey from working in data centers to building a cloud computing marketplace.
• Cudos' vision to decentralize cloud computing and integrate sustainable energy.
• The importance of preparing for the Web3 transition, highlighting the dominance of major cloud providers.

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Proof-of-Stake Consensus

CUDOS employs a Tendermint Core engine for consensus, powered by a Byzantine Fault Tolerant (BFT) model. This model, considered a gold standard in Proof-of-Stake consensus, significantly reduces the carbon footprint compared to Proof-of-Work blockchains like Bitcoin. The PoS algorithm ensures secure and efficient network operation.

Why use the CUDOS Network?

CUDOS addresses scalability both vertically and horizontally, offering a lightning-fast consensus mechanism and Inter-Blockchain Communication (IBC) protocol for cross-chain interoperability. The CUDOS Bridge enhances interoperability between the CUDOS and Ethereum networks, facilitating the transfer of tokens, assets, NFTs, and data. The network boasts advantages such as instant finality, low latency, extremely low transaction costs, and the ability to deploy inter-chain smart contracts.

Additionally, CUDOS will deploy smart contracts acting as compute oracles, connecting blockchains to the outside world as a layer 2. CUDOS Validator Nodes (CVNs) play a crucial role in accepting job requests, running them securely off-chain, and reaching consensus before submitting the final work. Stakeholders, both CVNs and hardware providers, contribute to the platform's success by securing the network and qualifying for various jobs, supporting a wide range of industries.

Developer-Friendly

CUDOS Network supports smart contract development that compiles to Web Assembly, making it accessible for Rust developers. The CosmWasm library provides modular code for building contracts, simplifying the development process.

Current Cudo Features

The Cudo platform currently supports:

• Cryptocurrency mining.
• Benchmarking process determines hardware specifications, including GPU, CPU, memory, storage, and network capabilities.
• Profitability and scheduling checks market prices and calculates the value of a supplier's work every six hours.
• Payouts distributed based on the percentage of work contributed by each supplier.
• Supports ASIC mining with auto-tuning and tailored approaches.
• Cudo's goal is to provide a secure, Turing-complete layer 2 to blockchains through the CUDOS network.
• Aims to offer a cost-effective, low-latency alternative to major cloud providers.
• Leverages computing power from data centers, mining farms, and underutilized devices.
• Cloud computing effectively serves as blockchain's layer 3, allowing decentralized execution of various workloads using SEV-secured hardware.

CUDO Ecosystem

Cudo Compute, a scalable compute network, rewards participants and benefits platform supporters, blockchain developers, and cloud service consumers. The introduction of the CUDOS token powers the blockchain part of the network, allowing participants to stake, earn rewards, and receive discounts.

The CUDOS token, an ERC-20 token, facilitates staking, delegated staking, powers the CUDOS network, qualifies for general compute jobs, and provides fee discounts. The tokenomics and model have been meticulously designed, with guidance from industry-leading token economists.

Team Background and Partners

Cudos' leadership team brings decades of diverse experience:

• Matt Hawkins (CEO): Tech entrepreneur and founder of C4L, a leading UK ISP. Awarded for fast growth, C4L comprised 1% of the UK's internet infrastructure. After its 2016 acquisition, Matt initiated Cudo to optimize global computing capacity.
• Andrew Sturmey (CTO): With 20+ years in software, network, and storage engineering, Andrew excels in designing robust systems. Former lead architect at C4L, his experience in leading teams and building resilient platforms supports millions of users.
• Lee Woodham (COO): A strategic leader driving business growth internationally. Lee specializes in transformative change management, innovation introduction, and corporate governance, contributing to increased profit margins and revenue in global organizations.

CUDO's partners: Cosmos, ChainLayer, Doublepeak Capital, Moonrock Capital, Zero Services, Audit One, Tendermint, KuCoin, Indacoin, Poloniex, Algorand, Elrond,...

Project Development

CUDOS has announced a strategic partnership with Archway, a leading decentralized applications (dApps) platform, showcasing their joint commitment to innovation in blockchain and cloud computing. This collaboration aims to revolutionize dApp development and deployment, emphasizing sustainability and community engagement.

The integration of ARCH as a payment method within CUDOS' Intercloud services will enhance the ecosystem's flexibility and efficiency for users. Archway, in turn, plans to provide a comprehensive tutorial for developers on utilizing CUDOS Intercloud services for dApp deployment. Future initiatives include incorporating CUDOS as a cloud provider for Archway's educational course, Area-52.io, enriching the learning experience. Together, CUDOS and Archway are poised to shape the future of blockchain technology, setting new standards for accessibility, efficiency, and security in the blockchain ecosystem.

Cudos Price Analysis

As of November 24 2024 Cudos has a marketcap of $68M. This is {{percentagefromath}} from its all time high of $0.129565. In terms of its tokenomics, there's a total supply of 9.3B with 79% currently outstanding. Keep in mind Cudos has a fully diluted value of $86M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.