In an effort to make the world’s technological resources cheaper and more accessible, the decentralized cloud computing network has launched its own testnet.
Infrastructure means laptops, smartphones and corporate servers that might otherwise be inactive can contribute to exciting projects, including DeFi, scientific research, data analytics, artificial intelligence and video playback, advancing human knowledge, Cados said. …
The project is a single tier blockchain account, second tier and oracle network. She says that centralized cloud providers are attracting high costs and waste, and there is a growing need for decentralized alternatives.
For this reason, it aims to provide unauthorized access to large-scale, high-performance data processing. This will not only eliminate the need to rely on dedicated computing, but it can also reduce resource usage costs as needed. This is especially useful for blockchain and ecosystem developers who need to quickly expand capacity at peak usage.
Cudos says a large number of gaming companies, NFT developers, and DeFi data providers are aligned and ready to be distributed online at rollout – with an expected launch date of several months.
Matt Hawkins, CEO and Co-Founder of the platform, said: “Our team has been continually planned and built to achieve this milestone for the Cudos Network.
The private testnet will provide our team with some serious testing so that we can fine-tune the network before launching the public testnet in the coming weeks. This is a very exciting moment for us and our community to realize our vision of building a decentralized data network for everyone. ”
Fast and cheap network
The Cudos team started building their infrastructure in 2017 – and since then the project has gathered 300,000 users and 35 auditors, and now there are 50,000 units in the network. They can then become nodes of the blockchain account after the mainnet launch.
The platform, built on Tendermint, aims to create a tangible connection between cloud computing and blockchain. This means that any blockchain that connects to Cudos will be able to take advantage of the scalability it provides. Ethereum, Algorand and Cosmos will be supported primarily, with more networks coming in the not too distant future.
Given the heavy network load that Ethereum has faced in recent months, this could be a welcome solution that will keep Defi and NFT markets in the beef market – especially given that efforts to address scalability issues with retail have been moderate, and the end this is not visible. …
Not only blockchain projects and companies can benefit from the development of low-latency cloud computing around the world. Every day, users have the opportunity to make money from device inactivity, while data centers and mining can make the most of resources that might otherwise not be used.
More information from CUDOS here
Kudos to Kudos
One of the most important milestones this year, Kudos said, was the successful token sale, which surpassed the number of orders, resulting in the CUDOS token being listed on multiple exchanges. The platform has also received an investment from Borderless Capital, which focuses on the growth and development of Algorand. The founder, David Garcia, recently joined forces as a consultant to accelerate the partnership between the two ecosystems. Other backers include Moonrock Capital, Outlier Ventures, and GBV.
Garcia has joined a number of other high-profile advisors, including former Sony Entertainment Europe boss Chris Doering, AMD blockchain manager Jörg Roskovets, and Maggie Fung, one of the earliest major investors in Uber and Alibaba.
Cudos says it has the potential to change the rules of the game in an increasingly digital world, making smart contracts and DApps more efficient, and making it easier to create NFTs and assets. Consumers, device owners, and businesses have access to something from the ecosystem and help the environment in this process.