The recent market situation is indeed very good. Bitcoin has reached 6.4w, and then many friends have been waiting for the correction, and then missed it. Of course, I have been reminding friends in our community to add positions. Now that the market has reached this position, we need to look for some high-quality targets and projects with huge potential for those who have not yet joined the market to make up for the loss, so everyone needs to focus on the recent make-up session.
The project we are talking about today is Cudos, which is also engaged in cloud computing, similar to AKT and RNDR. We know that these two projects are like rockets and cannot stop, and the current market value is already very high. The project we are talking about today Although it has increased 10 times in the past month, the current market value is still very low, only 170 million US dollars. Specifically, there is still huge room for the two kings above. Let's take a look today.
Introduction to CUDOS Network
CUDOS is a Layer-1 blockchain with Delegated Proof-of-Stake, built based on CosmosSDK and using CosmWasm smart contracts written in Rust. CUDOS Network is CUDOS Blockchain Computing (CBC), a permissionless infrastructure for serving cloud resources from the blockchain.
Its vision is to achieve decentralized computing accessible on the chain.
The design of the CUDOS network separates consensus from execution to ensure secure, decentralized, and permissionless access to large-scale high-performance computing.
Blockchain developers will be able to securely connect to CVNs that match their requirements (geography, trust). When additional computing power is needed, the CVN can allocate work tasks to non-CVNs. All CVNs are owned by third parties, making CUDOS fully decentralized.
CUDOS target
The goal of CUDOS is to establish a global computing network that supports blockchain and traditional computing, using idle computing resources available around the world to create environmentally friendly and energy-saving cloud computing. The current results of CUDOS are as follows:
20,000+ computer nodes
150,000+ users in over 145 countries and rapidly expanding
CUDO selected as AMD technology and global partner
Ultra has integrated CUDOS computing engine
More than 1 million nodes will be available for AMD and Ultra in 2021
CUDOS Validation Nodes (CVNs) decentralize the network. There will be a total of 100 CVNs running AMD (SEV/SME) or Intel (SGX) cryptography globally. These nodes will run multiple blockchain applications, including multiple chains including Ethereum, Algorand, and will be expanded to other chains including Polkadot and Cosmos in the near future.
Advantages of Cudos
Cudos itself can integrate multiple public chains and provide Layer 2 services for them. This means that Cudos can provide corresponding services for the expansion of many public chains including Ethereum. Cudos plans to first provide Layer 2 solutions for Ethereum and Algorand, and will also integrate many blockchain systems including Polkadot and Cosmos in the future. After Cudos integrates and bridges many blockchain systems, it can also serve as a hub for different blockchain systems, helping different ecosystems realize cross-chains based on CUDOS tokens, while expanding capacity while positively promoting DeFi and other sectors within each ecosystem. positive development.
Traditional Layer 2 focuses more on smart contracts and more on the inside of the blockchain system, while Cudos not only provides a Turing-complete Layer 2 computing oracle solution, allowing Cudos to run any language (such as Python, GO or C++, etc.), a variety of calculation templates will also be preset in the network, and a DAPP market for third-party computing services will be established, allowing blockchain developers to quickly call it simply and conveniently. More importantly, Cudos also has the off-chain Cudo platform, which already has a huge number of nodes and computing resources. As Layer-3 support, the Cudo platform also provides cloud computing services for real-world users, solving the current problems of blockchain. While solving scalability issues, it truly realizes the interconnection between the real world and the blockchain. In summary, through Cudos/Cudo, anyone can sell and consume decentralized computing resources through smart contracts on the blockchain or more traditional cloud computing APIs.
Cudos has built a node network, the Cudos Validator Node Network (CVN), to coordinate and verify computing tasks and provide Layer 2 solutions for various blockchains. Similar to the traditional node network, the Cudos Validator Node Network will provide a platform for participating The verified nodes issue incentives and are reflected in the form of CUDOS tokens. The Cudos test network plans to introduce 100 verification nodes. Recently, Cudos has officially announced a number of institutions that will join as network verification nodes, including NexGen Cloud, Moonrock Captial, Blocksync Ventures, etc. Most of these verification nodes are also strategic partners or investment institutions of Cudos. They can deeply interact and develop together with the Cudos ecosystem, and are expected to have long-term positive significance for the construction of the network. What is even more worth mentioning is that its off-chain distributed cloud computing platform Cudo currently has more than 35,000 parallel active nodes at any time. In the future, the Cudos validator node network will also be able to call and coordinate these computing power resource.
In summary, the design of the CUDOS network brings the following advantages:
1. Immediate finality
2. Low latency
3. Extremely low transaction costs
4. Scalability
5. The ability to deploy cross-chain smart contracts and build cross-chain applications.
CUDOS team
Cudos’ team includes core members of C4L, which has built one of the UK’s largest cloud computing and data center providers. C4L has won multiple awards such as "The Times Technology 100", "Deloitte UK 50", "Deloitte Europe, Middle East and Africa (EMEA) Technology Fast 500".
Cudos CEO Matt Hawkins is the founder of many technology companies in the UK. Matt Hawkins has more than 16 years of experience in the cloud computing field. He has mentored young entrepreneurs in the UK and has won the Dorset Business Award and the HSBC South West Business Thinking Award. was awarded the Entrepreneur of the Year Award.
CTO Andrew Sturmey has 19 years of industry experience in the field of software development and solutions. He is good at designing simple, highly supportable and replicable systems in hosting and server provider environments. He has the ability to develop systems used by thousands of people. Deep experience in high stability and high toughness platforms.
As the co-founder and development manager of Sycora, Peter Willis has more than 20 years of experience in web and mobile software development. He is an expert in architecting, designing and developing platforms and services that require millions of data points. He focuses on software process optimization and Software engineering innovation, serving many companies.
Token economy
The Cudos network uses CUDOS tokens as the native token in the ecosystem, which can incentivize ecological contributors in the ecosystem. For example, users who become nodes will be rewarded with CUDOS tokens after helping the network work, and for payments in the network For example, when using services in the Cudos network, CUDOS tokens will also be used as payment chips. At the same time, holding Cudos can also enjoy ecological rights such as POS-based staking.
Specifically, CUDOS functions will include: providing support for the network, pledging tokens to participate in the POS network and consensus; providing computing resources to the network, including verification nodes and computing nodes. This makes the network more capable of providing scalable computing resources for network use; the use of network resources, including DAPP, smart contracts, data and cloud computing; converting other work tasks running on the network into CUDOS tokens to reward computing power provider; purchase of third-party data, API and computing services on the CUDOS network; governance mechanism that allows participants to vote on key areas of the business.
Cudo was founded in 2017. The token launch time is 2021-01-12. The total number of tokens is 10,000,000,000. Currently, 5,843,157,717 are in circulation, so the circulation rate is almost 58%, but there are still some that have not been unlocked. The current currency price is around 0.03, with the highest peak being $0.1372 (2021-01-17). Released in 10 years, most of the tokens are used for ecosystem and community development and reserves.
Token distribution
The team’s share is 2 billion, accounting for 20%. The tokens are locked for 6 months and then released quarterly for three years. The release of these tokens is conditional on the team reaching important development milestones, ensuring that the vision for CUDOS is realized.
The consultant allocated 500 million coins, accounting for 5%, and implemented a 6-month lock-up, and then released them linearly on a monthly basis in a two-year cycle.
The private placement allocation is approximately 160 million, accounting for 2.22%, and the daily release lasts for 12 months or the daily release lasts for 6 months, depending on the discount level purchased.
About 550 million coins, accounting for 5%, will be used for the public fundraising + seed round, which will be locked for six months and released daily for 18 months thereafter.
About 3.37 billion coins are used for reserves, accounting for 33.7%. There is no lock-up, and the 10-year cycle is linearly released quarterly. It is used for other things except administrative management, operations, marketing and research and development.
There are 3.4 billion pieces used for ecological and community rewards, accounting for 34%. There is no lock-up and they are released linearly on a monthly basis in a 10-year cycle. Used for incentives and community growth, this section includes bonuses, airdrops, staking returns and additional rewards, developer events, partnerships, and grants.
Finally, let’s summarize this project. We should pay attention to this project, because both Depin and AI belong to the Depin track. It is very likely that Depin and AI will run out of the bull market. Compared with RNDR’s 3 billion, there is still 15 times the space, because RNDR It is the 100-fold series we mentioned before, so it is very possible for RNDR to reach 10-20 billion, so this project still has room for 100-fold?
#depin #内容挖矿 #RNDR