CudosICO Cudo is a distributed computing platform where suppliers of hardware monetise the idle time of their hardware, providing: blockchains a layer 2, Turing complete compute capacity; Cloud services at a fraction of the cost and with extended personalisation and functionality. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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What is Cudos
Cudo’s Solution
Cudo provides scalable compute solutions, and has identified two very clear opportunities: to provide secure layer 2 computing capabilities to blockchains, and to improve the offerings on cloud services. However, joining the dots Cudo has envisioned a step further: connecting the two, providing for the first time a novel layer 3 to blockchain networks, in order to allow them to run any kind of compute jobs, by seamlessly integrating its cloud solution to the blockchain one.
CUDOS Network
The CUDOS network provides a layer 2 to various blockchains, in order to solve the current scalability issues. The CUDOS network comprises a set of smart contracts that act as compute oracles, connecting blockchains to secure external sources in a decentralised way. By allowing smart contracts to request offchain computation, CUDOS offers a Turing-complete solution which can run code in any language, such as Python, Go or C++.
How It Works
The connection to the outside world is done via the CUDOS Validator Nodes (CVNs), which are one of the main pillars of the CUDOS network. Blockchain developers are able to choose through the CUDOS smart contracts the level of decentralisation that they want, by selecting how many CVNs should receive and run the desired code. This gives the power and freedom to developers to choose and select the most appropriate settings and configuration for each job.
Once each CVN has run the job, they all share the result and run the validation and consensus piece. Consensus in the CUDOS network can run either on-chain or off-chain, to further reduce the network’s transaction costs, at the will of the developer requesting the work. This system gives the control back to developers, not only allowing them to choose the level of decentralisation they want, but also controlling the cost for the overall request.
DetailsToken supply: 10,000,000,000 CUDOSTotal tokens for sale: 722,222,222 CUDOS Hard cap: 5,000,000 USD LegalBlockchain Platform: EthereumRegistration country: United Kingdom Registration year: 2017 Office address: London EC1V 2NX, GB | Token infoTicker: CUDOSToken standard: ERC-20 Token price in USD: 1 CUDOS = 0.003 USD Token price in ETH: ETH Token distribution: Ecosystem & Community Development - 34% Team - 20% Private Sale - 2.22% Advisors - 5% Public Sale (Listing) - 1.67% Strategic Investors - 3.33% Reserve - 33.78% Funds allocation: ADMINISTRATION AND OPERATIONS - 10% RESEARCH AND PRODUCT DEVELOPMENT - 30% MARKETING - 20% NODE VALIDATORS - 10% USER ACQUISITION - 13% COMMUNITY ENGAGEMENT - 10% CONTINGENCY - 7% |
Cudos Roadmap
Built team & development began
Launched Beta Platform, 100% monetisation platform to incentivise early validators and retain network capacity
Chosen as Technology Partner & global partner to build secure distributed computing with AMD
Mining Farm Management platform live, enables scalable compute for mining farms and secures supply.
Chosen as Technology Partner & global partner to build secure distributed computing with AMD
Signed up large compute suppliers and buyers, providing Tbps global backbone capacity and 1,000’s of servers.
First major partner launch Globally using whitelabel version of software
Enable Compute on Validation nodes
Enable Hardware Encryption on workloads with AMD
Provide Layer 2 Compute Oracle to Ethereum or Algorand
Enable Developers to select pre built workloads from marketplace