Name: CUDOS
SKU: CUDOS
Price: 0.017472536043 USD

CUDOS addresses scalability vertically and horizontally. A lightning fast consensus mechanism (built on tendermint) enables thousands of transactions per second (tps) whilst an Inter-Blockchain Communication (IBC) protocol enables cross-chain interoperability with an increasing number of Cosmos ecosystem members such as Osmosis.The CUDOS Bridge brings further interoperability between the CUDOS and Ethereum networks allowing for the transfer of tokens, assets, NFTs and data.The design of the CUDOS network enables the following advantages:<ul><li>Instant finality</li><li>Low latency</li><li>Extremely low transaction costs</li><li>Scalability</li><li>Ability to deploy inter-chain smart contracts and build cross-chain applications.</li></ul>

CUDOS operates as a blockchain-based decentralized cloud computing network. The CUDOS Cloud platform was created by the Cudo company. Founded in 2017, it can be described as a computing network that is scalable and allows users to leverage unused hardware capacity. It aims to provide cloud solutions to make computing as low-cost as possible whilst also being sustainable.The Cudo computing platform leverages users’ spare hardware capacity by offering ways to monetize it. It provides Turing-complete compute capacity, as well as cloud products that are cheaper and more secure compared to traditional cloud computing alternatives. For sellers, the platform offers a convenient way to increase ROI and capitalize on the owner’s hardware’s idle time. For buyers, the platform offers a cost-effective cloud solution that is secure and can be personalized.The CUDOS token is ERC-20 standard and powers the blockchain. It functions as a utility token and can be used to earn rewards and discounts in return for platform staking. The token has a total supply of 10,000,000,000.<h3>What are CUDOS’ key features and how does it work?</h3>The CUDOS platform works by deploying smart contracts that function as compute oracles. These smart contracts act as Layer2 solutions to communicate with other blockchains. Since the Cudos Netowork uses a Proof-of-Stake consensus mechanism, CUDOS Validator Nodes (CVN) play a role. CVN mediate communication with other blockchains by organising jobs. This involves accepting computing jobs, running them off-chain, and reaching consensus, before finally producing the result to the original user.&nbsp;Validators must stake 2,000,000 CUDOS to become eligible for processing transactions and receiving rewards.In a similar fashion, hardware providers can also compute using Cudo for more traditional jobs. This includes video rendering, machine learning modelling, as well as simulations in industries like aerodynamics, and materials, among others. Users can stake CUDOS to receive fee discounts for the compute work.&nbsp;<h3>Where can you buy CUDOS?</h3>CUDOS is available for trading on the following CEXs and DEXs listed <a href="https://cryptorank.io/price/cudostoken/exchanges" rel="noopener noreferrer" target="_blank" style="color: rgb(63, 81, 181);">here</a>. The most popular platforms with the highest liquidity are Huobi Global, KuCoin, and Gate.io. The price of CUDOS will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for CUDOS market price, please view the price charts on this page.

CUDOS

CUDOS aims to be a decentralised computing network that provides a trusted layer 2 oracle network for blockchains and scalable cloud resources.

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