The CUDOS Huobi listing, which took place last week, underlined one important component that has contributed to the network’s recent successes: expansion. A combination of greater community participation, innovative alliances, a crystal-clear vision and plain hard work has resulted in the Cudos ecosystem seeing extraordinary growth in the last year. It is possible to credit Cudos’s rapid expansion to the network’s core architecture, which is a visionary model that incentivizes strategic development in a variety of ways.
The decentralised network, which is envisioned as a global ecosystem that facilitates the development and deployment of various Web3 solutions, makes use of blockchain technology and decentralised computing to address current and future challenges in both technology and the environment, according to the developers. The possibilities represented in that vision encompass a wide range of new areas, including metaverses, networked objects, Web3 infrastructure, and computing, to mention a few examples.
CUDOS CEO Matt Hawkins made the following comment in response to the company’s Huobi listing: “Over the past year, the Cudos network has expanded dramatically, indicating the great need for ecologically friendly cloud and compute solutions.” The successful testnet, which drew hundreds of developers, is a monument to the tremendous support and devotion shown by the community as a whole. The inclusion on the Huobi exchange is the latest confirmation of the progress toward the objectives, and it demonstrates the commitment to ensuring that CUDOS is accessible to people all across the world. The worldwide reach as a compute network that powers blockchain and the cloud by allowing anybody to donate spare computer resources has been increased as a result of this listing.”
Highlights of the Cudos partnership
The platform has formed some of the most significant partnerships in recent months, including a big partnership with Tingo Holdings to combat poverty in Africa by facilitating compute monetisation in the region. Cudos and LDN UTD formed a partnership earlier this month to provide individuals all around the globe with more access to gaming opportunities. As a result of a strategic agreement with ChainLayer, a leading supplier of Validator as a Service, Cudos was able to have access to technical assistance and experience that would otherwise have been unavailable. The network had obtained another critical cooperation with Glitter Finance by the middle of December, which would allow for a possible Cudos-Algorand connection.
More recently, a tripartite cooperation between GOATi and AMD enabled players to earn money by computing in a first-of-its-kind set-up designed specifically for blockchain gaming. The collaboration compensated gamers for making available spare computing resources when they were not in use. This highlighted the value of Cudos outside of the blockchain domain. In light of these accomplishments, it is worthwhile to speculate on how the network may develop in the future.
How will the Cudos network be structured?
The blockchain, which is built on the Cosmos platform and runs on a delegated proof-of-stake (dPOS) paradigm, is intended to serve as the infrastructural backbone for a wide range of Web3 applications. These might be anything from DeFi bridges to tooling support programs to infrastructure that enables the metaverse to function. Simply put, a swarm of decentralized applications (dApps) will be created on and maintained by Cudos, and the network will assist developers in the creation process by providing them with user-friendly tools and easily available documentation repositories.
Cudonians will ultimately benefit from a comprehensive ecosystem that includes a Layer 1 network that supports all of the dApps listed above, as well as a Layer 2 computing infrastructure. Cudos and other blockchains that may benefit from powerful computation to augment on-chain transactions will benefit from the latter’s cloud computing capabilities. The ecosystem, which is supported by the CUDOS token, will benefit from extensive acceptance and mainstream usage brought forth by the computing layer.
How Can Cudos Be Supported?
In addition, the project is presently in the latter stages of its incentivised testnet, which is still available to developers who are interested in completing some of the network’s unfinished tasks and earning incentives in return. In addition, the network is swiftly nearing the debut of its mainnet in the coming months, with a community that is increasing by the day.