Decentralized Cloud and Layer 1 Network.
The CUDOS Network is a Layer 1 network, providing scalable distributed computing direct to smart contracts or to any bridged blockchain. CUDOS connects blockchain developers and services to a global pool of computing power. This enables up to 10x more cost-effective computing, greener computing and access to a global network to power your next Metaverse, Dynamic NFT, AI, Machine Learning, DeFi or any computationally demanding dApps and smart contracts.
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 off chain computation, CUDOS offers a Turing-complete solution which can run code in any language, such as Python, Go or C++.
CUDOS Network to provide decentralized cloud computing services to its users. One of the main benefits of using the Cudos platform is its ability to scale-out, which allows users to quickly and easily scale their applications as demand grows.
The CUDOS token utilises a discount token model based on a staking mechanism, where a fixed percentage of the total fee revenue generated on the CUDOS network is distributed to users. This model is based on the fees paid by each user on the network and the amount of CUDOS each user has staked. In order to receive higher discounts, users must:
- Stake the relevant number of tokens required.
- Generate as much revenue as possible on the platform so as to increase the maximum discount available.
The amount of revenue distributed to an individual user is capped and will never exceed the fee paid for using the platform.
The value of CUDOS is correlated to the activity of the Cudo network, based on the discount pool allocated to users, effectively aligning incentives between the owners of the project and holders of CUDOS. The growth/decline in the volume of computing power on the platform translates into higher/lower levels of discount allocated to users, which in turn drives the value of CUDOS. Rewarding users who hold on to CUDOS will eliminate the bootstrap problem and attract the necessary demand to meet the supply side, where the opportunity to reduce the fees paid to the platform by holding the token will positively impact user adoption.
In addition to these benefits, Cudos also provides a number of other advantages for developers. For example, the platform is highly scalable, which means that developers can easily handle large volumes of traffic without worrying about performance issues. It also provides a high degree of security, thanks to its use of decentralized technology and smart contracts.
By leveraging Cudos' powerful computing resources and tools, developers can create and manage NFTs and other digital assets with ease. This not only makes the process more efficient but also opens up new possibilities for the types of assets that can be created and traded on blockchain.
However, Cudos is an exciting development in the world of decentralized cloud computing and NFTs. With its ability to scale out and its comprehensive suite of tools and services, it has the potential to become a key player in the creation and management of digital assets on blockchain.
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