Things can extrade speedy in crypto, however presently, DeFi is acting nicely as a own circle of relatives of property and frankly, it is a greater interesting area to be in. So, in case you are new to crypto or you have handiest been inquisitive about Bitcoin as much as this point, why now no longer dig a touch deeper into a brand new DeFi venture known as CUDOS and find out about the diverse possibilities it affords? First and foremost, customers are flocking to DeFi So, why is this - and what's DeFi?
What is DeFi?
Decentralized Finance (DeFi) is the merger of conventional financial institution offerings with decentralized technology which include blockchain. DeFi also can move below the call Open Finance because of its inclusive format. Importantly, the DeFi network seeks to create options to each economic carrier presently available. These offerings consist of gadgets which include financial savings and checking accounts, loans, asset trading, insurance, and plenty greater.
WHAT IS CUDOS?
CUDOS offers scalable compute solutions, and has recognized very clean possibilities: to offer steady layer 2 computing abilities to blockchains, and to enhance the services on cloud offerings. However, becoming a member of the dots Cudos has anticipated a step in addition: connecting the , supplying for the primary time a singular layer three to blockchain networks, to be able to permit them to run any form of compute jobs, through seamlessly integrating its cloud option to the blockchain one.
THE CUDOS Network
The CUDOS community offers a layer 2 to diverse blockchains, to be able to clear up the present day scalability issues. The CUDOS community incorporates a hard and fast of clever contracts that act as compute oracles, connecting blockchains to steady outside reassets in a decentralised way. By permitting clever contracts to request offchain computation, CUDOS gives a Turing-whole answer that may run code in any language, which include Python, Go or C++.
HOW IT WORKS
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The connection to the outdoor global is executed through the CUDOS Validator Nodes (CVNs), which might be one of the important pillars of the CUDOS community. Blockchain builders are capable of pick out through the CUDOS clever contracts the extent of decentralisation that they want, through choosing what number of CVNs have to get hold of and run the preferred code. This offers the strength and freedom to builders to pick out and pick the maximum suitable settings and configuration for every job.
Once every CVN has run the job, all of them proportion the end result and run the validation and consensus piece. Consensus withinside the CUDOS community can run both on-chain or off-chain, to in addition lessen the community’s transaction costs, at the desire of the developer inquiring for the work. This gadget offers the manage returned to builders, now no longer handiest permitting them to pick out the extent of decentralisation they want, however additionally controlling the value for the general request.
The CUDOS TOKEN
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The CUDOS token is an ERC-20 token, which allows the blockchain factors of Cudos network. The CUDOS token along side Cudos network lets in all members to stake and earn rewards and discounts.
CUDOS TOKEN USE CASES
The CUDOS token has many uses, its software stretches a ways past storing and moving value. They have constructed the CUDOS token to for you to guide the evolution of the net into net 3.0. So, below are the main uses of CUDOS Token;
GAMING
In a global wherein tens of thousands and thousands of computers, sport consoles and cell telephones stay dormant for as much as 60% of the time, there's surely an possibility to be greater green in terms of the usage of all of this underutilised computing power. This is wherein the CUDOS token and the tokenisation of compute workloads come into play.
The Cudo Platform will permit game enthusiasts to safely hire out their spare computing potential to method blockchain computing and a extensive variety of workloads like video rendering, AI computing and clinical research. In exchange, game enthusiasts might be rewarded with CUDOS tokens. Gamers will then be capable of use the ones tokens to get admission to the extra computing assets through the Cudo platform, for video games that push their hardware beyond its limits.
STAKING
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The staking marketplace cap presently stands around $26.4billion, and the overall quantity presently locked into staking contracts stands around $11billion, a clean demonstration that Proof of Stake (PoS) isn't handiest developing in reputation however additionally in effect at the crypto economy. Proof of stake offers a manner for token holders to utilize their tokens and earn a few income, all at the same time as contributing to the network. For more details on the staking process, visit www.cudos.org.
CHARITY
The Cudo platform additionally permits customers to donate their computer’s idle assets to diverse charities. At the moment, Cudo permits cryptocurrency miners to make a contribution the tokens that they've mined, mechanically changing them to the favored payout foreign money of the chosen charity and handing over the ones proceeds. The choice to donate earnings might be made to be had to all of Cudo’s supported workloads whilst they arrive online. All that is supported may be facilitated via way of means of the CUDOS token.
TOKEN INFO
Ticker: CUDOS
Platform: Ethereum
Token Type: ERC-20
Available for sale: 722,222,222 CUDOS (7.22%)
Total supply: 10,000,000,000 CUDOS
FINANCIAL
ICO Price: $0.006
Accepting: ETH
Soft cap: 1,000,000 USD
Hard cap: 3,000,000 USD
Meet The CUDOS Team and Advisors
Cudos project headed by a means of serial Technical entrepreneur Matt Hawkins, Cudo’s relatively skilled group of Entrepreneurs, Engineers, Facts scientists and strategists, are joined via way of means of global elegance advisors and lots intelligent people. Below are there image frames and Names.
CUDOS-Team
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CUDO ROADMAP
Cudos gives a roadmap where a strategic plan that defines the project goal or desired outcome and includes the major steps or milestones needed to reach it. The illustration below shows the Cudos Milestones.
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Thank you for reading,
For more information about CUDOS, visit
Website: www.cudos.org
Litepaper: https://www.cudos.org/wp-content/uploads/sites/17/2020/10/CUDOS-LITEPAPER.pdf
Whitepaper: https://www.cudos.org/wp-content/uploads/sites/17/2020/10/CUDOS-WHITE-PAPER-V.3.pdf
Twitter: https://twitter.com/CUDOS_
LinkedIn: https://www.linkedin.com/company/cudos1/
Medium: https://medium.com/cudos
Telegram: https://t.me/cudostelegram
YouTube: https://www.youtube.com/channel/UCbS48Q09D5xMDCVX0T_OeCw