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Cudos is a decentralized blockchain-based network designed to provide access to distributed cloud computing resources. It merges blockchain technology with cloud computing to cater to Web3 applications, AI, the Metaverse, and High-Performance Computing (HPC). Cudos aims to bridge blockchain developers and cloud service consumers with providers of computing resources.
Cudos operates as a layer-1 blockchain utilizing a delegated proof-of-stake consensus mechanism, allowing for decentralized, secure, and permissionless access to high-performance computing. It supports smart contract deployment using Rust compiled to CosmWasm. The network also facilitates cross-chain interoperability through its support for Inter-Blockchain Communication (IBC) protocols. Users can monetize via staking, governance, and compute capacity trading using the CUDOS token.
Cudos can be used in various fields such as:
Cudos was founded in 2017 with CEO Matt Hawkins at the helm. It launched its beta platform in 2019 and partnered with AMD to develop distributed computing solutions. In 2020, it released a Mining Farm Management platform, and in 2021, it introduced compute validation and a testnet. Following the launch of its layer-1 mainnet in 2022, Cudos evolved into a decentralized cloud computing platform capable of connecting blockchain developers with computing resource providers.