The Cudos mainnet goes live today, paving the way for global recycling of dormant computing hardware. The ultimate aim is to provide environmentally-friendly cloud resources over a blockchain sustainable and equitable manner.
The UK-based decentralised computing network fundamentally unites cloud computing and blockchain in an open, multi-layered ecosystem that promises to power the deployment of dApps on a fully decentralised computing architecture.
A striking criticism of the broader Web3 industry has been its reliance on centralised entities for compute capability and storage, with critics highlighting potential risks such as insecurity and unreliability of centralised hubs. Cudos aims to solve this problem by distributing computing resources that blockchains can reliably leverage to supplement on-chain transactions.
Commenting on the launch, Cudos CEO Matt Hawkins stated, “The release of the mainnet ushers in a new era for our network and the blockchain and cloud sectors. It sets the underlying architecture for deploying decentralised applications and financial instruments, non-fungible tokens (NFTs), and the metaverse on an expansive cloud infrastructure.”
“The support of our community has been immense from the get-go, and we are delighted to collectively achieve this critical milestone in the Cudos journey. Developers and users may now employ Cudos for scalable and affordable decentralised solutions and contribute to the network’s growth and success.”
A Network of Alliances
A robust ecosystem has supported Cudos’ journey to date. Some of the company’s most important partnerships over the past few months include a massive link-up with Tingo Holdings to tackle poverty by enabling compute monetisation in Africa. Earlier in November, Cudos teamed up with LDN UTD to deliver expanded gaming access for people worldwide. These and other successes were further bolstered by a strategic partnership with ChainLayer, a major Validator-as-a-service provider whose equity stake at Cudos enabled access to technical support and expertise. By mid-December, the network had secured another crucial partnership with Glitter Finance, allowing a potential Cudos-Algorand integration.
A tripartite alliance with GOATi and AMD brought compute monetisation to gamers in a first-of-its-kind set-up for blockchain gaming. The partnership rewarded players for providing spare compute capacities when idle. This demonstrated Cudos’ utility beyond the blockchain space.
“I’m thrilled to see the Cudos Network go live, and I’m already looking forward to watching the ecosystem build-out with our partners over the next few months and beyond as we open up on-chain compute functionality. CUDOS holders can now migrate over to the native chain and contribute to the network’s security by delegating their staked tokens to one of our numerous Validators and exploring the entire Cosmos ecosystem via IBC. Congratulations to the Cudo/Limechain team for pulling this off and our wider community for encouraging our development and supporting with the testnet the past few months as we finalised the code for mainnet launch”, says Ethan Illingworth, Cudos’ Blockchain Product Manager.
A Cosmos-based chain governed by a delegated proof-of-stake (dPOS) model, Cudos aims to launch its computing platform later in 2022. Integrated with its blockchain, this would serve as the infrastructure backbone for a broad spectrum of Web3 solutions ranging from DeFi bridges to tooling support applications and metaverse-enabling architecture. Cudos will be used to build and support a plethora of decentralised applications. The network will facilitate the development process by providing developers with user-friendly tools and accessible documentation repositories.
Related: Exploring the 2022 Cudos roadmap
Cudonians will ultimately benefit from a robust ecosystem that combines a Layer 1 network capable of supporting all of the dApps listed above with a Layer 2 compute infrastructure. The latter will provide cloud computing resources to Cudos and other blockchains that can benefit from high-performance computing to supplement on-chain transactions. The ecosystem, fuelled by the CUDOS token, will profit from the compute layer’s widespread adoption and utility.