CUDOS is bridging the gap between Blockchain and Cloud by using the world's available computing to power a more sustainable, decentralized, and connected world. In order to solve the current scalability issues, this network provides layer 2 to various blockchains. The CUDOS network includes a set of smart contracts that act as compute oracles and decentralized. CUDOS offers a Turing-complete solution by allowing smart contracts which can run code in any language, such as C++, Python, or Go.
The main vision of the Cudos network is enabling more efficient use of the world’s computing resources and its primary mission is to empower people and organizations to earn by contributing to the world’s computing and making it cheaper, more accessible, and more sustainable. This network was founded in 2017 by Matt Hawkins.
This green, cost-efficient Scalable Compute Network is governed by smart contracts. This distributed computing platform already provides customers more equity for hardware owners and 10x more cost-effective computing capacity.
Cudo is already generating revenue with users in over 145 countries. This network which os includes tens of thousands of gamers, blockchainers, and service providers, will become early providers to cloud consumers globally.
The (CUDOS) token is a qualification, discount, and staking token that is engineered to power the CUDOS network as well as transfer part of the value generated on the Cudo network to users who stake CUDOS.
The CUDOS token serves the following clear purposes includes:
One of the main pillars of the CUDOS network is the connection to the outside world, which is done through the CUDOS Validator Nodes or CVNs.
Blockchain developers can identify the level of decentralization via CUDOS smart contracts. This is applicable through selecting the amount of CVNs should receive and run. This allows the developers to select and choose the most suitable settings and configurations.
CVN has run the job when running the validation, share the result and consensus piece. Consensus in the CUDOS network can run either off-chain and on-chain in order to further reduce the network’s transaction costs.
This system gives the control back to developers and allows them to control the cost for the overall request and to choose the level of decentralization they want.
CUDOS token started to trade on the market on 01/14/2021. So, it's too soon to talk about CUDOS' annual Return On Investment (ROI). However, it should be mentioned that if you had invested in CUDOS a month ago, you could enjoy 26% profit on your investment. Also, the growth of CUDOS' ROI in comparison with similar projects is 36,816% higher. Based on CUDOS' market cap chart, it is obvious that an overall increasing trend has happened since October 2021. CUDOS' market capitalization rank saw a sharp jump from the last week of August 12 to the time of writing this post (11/1/2021), rising from the rank of 617 to the approximate rank of ~530!
The price also saw a similar jump over the same period, going up from $0.32 to $0.34. However, CUDOS' liquidity score is 20% below the market's average score, which means that you might face some difficulties selling CUDOS in bear markets. It is worth mentioning that All-Time High was ~$0.12 and All-Time Low was reported $0.019. Also, the CUDOS's price growth over the last year was 7.0%. Also, the overall market cap is reported $74,092,280.
Gaining public attention is a critical factor in determining the success of any project. Our data shows that CUDOS' popularity on Twitter was green over last month. The Twitter followers increased 94%! However, Reddit subscribers growth was zero, and Telegram channel users saw a decline of -2%.
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