A decentralized cloud computing network that aims to make the worlds technological resources cheaper and more accessible has launched its private testnet.
Cudos says its infrastructure means laptops, smartphones and company servers that may otherwise lie idle can contribute to exciting projects including DeFi, scientific research, data analytics, artificial intelligence and video rendering — advancing human knowledge.
The project is a layer-one blockchain and layer-two computation and oracle network. It says centralized cloud computing providers attract high costs and waste, and a growing need has formed for decentralized alternatives.
Because of this, it aims to deliver permissionless access to high-performance computing at scale. Not only would this eliminate the need to rely on a dedicated computing supply, but it could also reduce the expense associated with tapping into resources on demand. This is set to be especially advantageous for blockchain developers and ecosystems that need to ramp up their capacity quickly whenever usage peaks.
Cudos says a large number of gaming companies, NFT developers and DeFi data providers are lined up and ready to deploy on the network when it goes live — with its mainnet expected to launch within months.
The platforms CEO and co-founder Matt Hawkins said: Our team has been relentlessly planning and building toward this major milestone for the Cudos network.
The private testnet will provide our team with critical learnings, enabling us to fine tune the network before we launch the public testnet in the coming weeks. This is a hugely exciting moment for us and our community to enable our vision of building the decentralized cloud computing network for everyone.
A fast, low-cost network
The Cudos team began building their infrastructure in 2017 — and since then, the project has amassed 300,000 users and 35 validators, with 50,000 devices now on the network. They can then become blockchain compute nodes after the mainnet launches.
Built on Tendermint, the platform aims to forge a tangible connection between cloud computing and blockchain. This means that any blockchain that has bridged to Cudos will be able to benefit from the scalability it offers. Ethereum, Algorand and Cosmos are going to be supported initially, and other networks are set to follow in the not-too-distant future.
Given the extreme netw ...
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