The internet continues to exist as the backbone of society at large. The only drawback is that the traditional internet model relies on all devices being connected to nodes that centralize information, redistributing it to form a flow. Consequently, centralization can lead to a lack of privacy and a single point of failure for all websites that rely on it. Blockchain changes this by creating a distributed network, where all devices store all the information on the web. Although the technology is still new, its aspirations are large and its computational needs are growing.
Ethereum (ETH) has attempted to overcome scalability with the sharding upgrade. However, deploying this has been slow. In response, other projects have tried to solve these concerns, only to miss the Turing-complete layer, one that ensures users can compute anything that any other computational method can. Going the opposite direction, other projects have created data feed oracles, seeking out external data to be made available on the blockchain. Unfortunately, even here, the capabilities of these platforms have revealed a gap in the market for cost-effective computational platforms.
Bridging this gap is Cudos, a project positioned to disrupt the market as a scalable computing network while simultaneously offering a professional mining platform. With its mainnet launch, the project is placing the industry one step closer to solving fundamental problems with cloud computing.
In recognition of the exciting occasion, Ethan Illingworth, the head of blockchain at Cudos, speaks out, sharing, “This is it! Months of effort during the testnet, and years of foundation work, culminating in our mainnet launch. We’re excited about the benefits of our native blockchain, including interoperability, lower gas fees, powerful utility token, and eventually the infrastructure to power Web 3.0. We’re delighted to see our validator pool growing and eager to see what innovative DApps will be built in our network.”
The mainnet launch is a vital milestone for the project as it matures.
From testnet to mainnet
The Cudos blockchain has undergone several testnet phases, each enabling developers to test out and fix network features before the launch. After it, the intention is that the blockchain has already undergone several rounds of testing and is fully ready.
Along with the release, the network will also migrate its CUDOS ERC-20 tokens to its native CUDOS blockchain. Additionally, developers would be able to build smart contracts through a significantly cheaper method compared to Ethereum.
With the mainnet, users can expect several benefits, and interoperability is placed high on the list. Cudos can exchange and use information from any blockchain system, a feature possible due to the project’s foundation on Cosmos. As an inter-blockchain communication protocol, Cosmos enables all cross-chain functionality, becoming a bridge to Ethereum and other major blockchains in the future.
More insights from Cudos here
Alongside interoperability come lower gas fees, which optimize native cryptocurrency and nonfungible token (NFT) transactions. Additionally, with CUDOS operating as the native token, users can benefit from its utility for staking, running validator nodes and participating in governance.
Perhaps most notably, following the migration to the Cudos mainnet, users will eventually see a convergence with the Cudo compute platform, which will enable scalable, reliable and affordable computing for gaming, NFTs and the metaverse.
Expansion into NFTs and the virtual realm
After the completion of multiple testnets, charity contributions, powerful alliances, and most recently, the mainnet launch, the Cudos team has shown no signs of slowing down. Over the next 12 months, the team plans to further expand into the virtual realm through NFTs and the metaverse. By maturing all its business lines and launching complementary solutions as part of its ecosystem, Cudos will become an end-to-end platform for blockchain and compute projects.
Learn more about Cudos’ mainnet
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Source: Cointelegraph
