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Cudos

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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

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Overview

Project industryBlockchain Infrastructure
Product typeEcosystem
FoundedUnited Kingdom

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.

Details

Token supply: 10,000,000,000 CUDOS
Total tokens for sale: 722,222,222 CUDOS
Hard cap: 5,000,000 USD

Legal

Blockchain Platform: Ethereum
Registration country: United Kingdom
Registration year: 2017
Office address: London EC1V 2NX, GB

Token info

Ticker: CUDOS
Token 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%

Offices on the map

Cudos Roadmap

1
2017- Founded

Built team & development began

2
Q1 2019 - 100% Monetization

Launched Beta Platform, 100% monetisation platform to incentivise early validators and retain network capacity

3
Q4 2019 - AMD

Chosen as Technology Partner & global partner to build secure distributed computing with AMD

4
Q1 2020 - Management Platform

Mining Farm Management platform live, enables scalable compute for mining farms and secures supply.

5
Q1 2020 – 100,000 Users

Chosen as Technology Partner & global partner to build secure distributed computing with AMD

6
Q3 2020 – Compute Buyers

Signed up large compute suppliers and buyers, providing Tbps global backbone capacity and 1,000’s of servers.

7
Q4 2020 - Partner Launch

First major partner launch Globally using whitelabel version of software

8
Q1 2021 - Compute Validation + Testnet

Enable Compute on Validation nodes

9
Q1 2021 - Hardware Encryption

Enable Hardware Encryption on workloads with AMD

10
Q2 2021 - Ethereum/ Algorand

Provide Layer 2 Compute Oracle to Ethereum or Algorand

11
Q2 2021 - Marketplace

Enable Developers to select pre built workloads from marketplace

Project team

Matt Hawkins
Matt Hawkins
CEO / Founder
Matt Hawkins linkedin
Andrew Strumey
Andrew Strumey
Chief Technical Officer
Andrew Strumey linkedin
Peter Willis
Peter Willis
Development Manager
Peter Willis linkedin
Andrew Walker
Andrew Walker
Chief Revenue Officer
Andrew Walker linkedin
Richard Poole
Richard Poole
Lead Developer / Architect
Richard Poole linkedin
Dr Joan Garcia Tomo
Dr Joan Garcia Tomo
Data Scientist
Dr Joan Garcia Tomo linkedin
Dexter Edwards
Dexter Edwards
Lead Software Engineer
Dexter Edwards linkedin
Sean Berry
Sean Berry
Hardware Architect
Victor Leach
Victor Leach
Software Engineer
Joe White
Joe White
Senior Software Engineer
Chris Saganic
Chris Saganic
Lead Software Engineer
George Lezeu
George Lezeu
Junior Frontend Developer
Lee Woodham
Lee Woodham
Chief Operating Officer
Sonja Greenfield
Sonja Greenfield
Executive Assistant
Dominic Burns
Dominic Burns
Project Manager
Dominic Burns linkedin
Neethu Stephen
Neethu Stephen
Finance
Pete Hill
Pete Hill
Vice President of Sales
Pete Hill linkedin
Nuno Pereira
Nuno Pereira
Vice President of Partnerships
Nuno Pereira linkedin
Mia Whitewood
Mia Whitewood
Senior Business Development Enterprise
Ashley Smith
Ashley Smith
Client Journey Advocate
Flavius Berciu
Flavius Berciu
Client Journey Advocate

Advisors

Chris Deering
Chris Deering
Former president of Sony Computer Entertainment Europe
Chris Deering linkedin
Jorg Roskowetz
Jorg Roskowetz
Director of Blockchain for AMD
Jorg Roskowetz linkedin
Sean Li
Sean Li
Co-Founder & CEO, Fortmatic
Sean Li linkedin
Chris Gale
Chris Gale
Co-Founder, Verasity
Chris Gale linkedin
Malcom Tuck
Malcom Tuck
Managing Director, Eset UK
Malcom Tuck linkedin
Maggie Fang
Maggie Fang
Founder & CEO, Wynsun Capital Management
Maggie Fang linkedin
Jay Coshan
Jay Coshan
Founder & CEO, Unique Block Group
Jay Coshan linkedin
Duncan Cook
Duncan Cook
Founder, 3 Sided Cube
Duncan Cook linkedin
Philip Forte
Philip Forte
Blockventure Coalition
Philip Forte linkedin
Tyler Wellener
Tyler Wellener
Blockventure Coalition Partner
James Morgan
James Morgan
Blockrocket

Social media

Cudos web-siteCudos MediumCudosYouTubeCudos TelegramCudos LinkedInCudos TwitterCudos Facebook

MVP

MVP URL

User rating:

5/5 ( 1 )
2

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