INTRODUCING CUDOS: A VIABLE TOOL TO SOLVE BLOCKCHAIN’S ISSUE OF SCALABILITY AND INTEROPERABILITY

INTRODUCING CUDOS: A VIABLE TOOL TO SOLVE BLOCKCHAIN’S ISSUE OF SCALABILITY AND INTEROPERABILITY

The Cudos network's design keeps consensus and execution separate to provide safe, decentralized, and permission-free access to high-performance computing on a large scale. Read full article here https://docs.google.com/document/d/1bxzv4s6qle81irsBmE_r7kW9TCUwmFG6Tgd6hjG23ns/edit?usp=drivesdk

As the base network or primary blockchain network in charge of on-chain transactions, such as those involving Bitcoin, BNB Chain, or Ethereum, and their supporting infrastructure, Cudos is a Delegated Proof-of-Stake (DPoS), layer-1 blockchain with the goal of making decentralized computation accessible on-chain. Here, the blockchain's verification and consensus technique is called delegated proof of stake. It is a well-liked development of the PoS idea in which network users pick delegates to validate the following block by casting votes. To validate transactions and advance blockchain organization, DPoS competes with existing proof of work (PoW) and PoS schemes.


Byzantine Fault Tolerant (BFT) consensus model is used to power a Tendermint Core engine, which acts as the blockchain's consensus engine. It makes sure that the same sequence of transactions is captured on each system. It supports the peer-to-peer network and offers a consensus based on proof of stake (PoS). Using Proof-of-Stake consensus, validators are in charge of adding new blocks to the blockchain and protecting the network. Less than one-third of the Byzantine validators must agree for the BFT model to accept it. It is the most popular consensus engine in the sector and is regarded as the benchmark in Proof-of-Stake consensus.

The Cudos network's design keeps consensus and execution separate to provide safe, decentralized, and permission-free access to high-performance computing on a large scale.

Users building on the network get the leverage of accessing:

Superior performance for applications

Transparency of public blockchain

Management of composable assets

Benefits to chain users include:

High-level cryptography

Blockchain transparency for everyone

Interchain communication

Transactions that are carbon-neutral

Cudos Validators are nodes that confirm and verify transactions, add new blocks to the Cudos blockchain, and supply all data for dApps running on the Cudos network. Computers running the Cudos client software are referred to as "nodes." Validators take part in the consensus protocol by broadcasting votes that are encrypted and signed with a private key belonging to each validator. Users who vote for Validators receive rewards in exchange for helping to secure the network.

Need for establishing Cudos Node?

The possibility to participate in a project and larger ecosystem targeted at resolving today's blockchain scalability and interoperability problems is exceptional while running a Cudos Node.

Validator and Delegator as a tool for DAO

The Cudos system relies on validator nodes to relay transactions and to propose, verify, and finalize blocks, which is why running one is so important. The Cudos Network's security and upkeep are dependent on a community of validators to carry out specific tasks. By utilizing their "stake" to cast a vote on proposed changes to the network's governance, validators contribute to the growth and evolution of the network as well. You now have power over the Cudos Network's future course. There are unique validators for each network.

Testnet; and

Mainnet

You may successfully extract blockchain data for chain analytics or other data use cases by running either type of node. We advise running a node locally first before moving on to the Testnet if you want to join the network. The Testnet provides a learning environment where you may explore without worrying about losing actual tokens.

Validator respondents are eligible to bond their own CUDOS tokens and have additional CUDOS "delegated" or staked to them by other token holders. The whole quantity of CUDOS tokens that have been delegated determines who has the authority to validate. A candidate's voting power is determined by how many CUDOS tokens they hold. To participate in the validation process, only the top validators with the highest Voting Power are permitted. As an added incentive, validators may choose the commission percentage that will be added to the fees that go to their delegators.

Validators and their Delegators earn CUDOS as block provisions and tokens as transaction fees through execution of the consensus protocol.

However, a Validator's stake is slashed if they become unavailable or sign blocks at the same height. Their staked CUDOS (including CUDOS of users that delegated to them) can be slashed. The penalty depends on the severity of the violation. A good Cudos validator needs to aim for 99.99% uptime and <0.01% missed blocks.

N/B: To ensure maximum uptime and availability:

Validators should ensure they always run a correct version of the software.

Validators should implement a Sentry Node Architecture to protect their node from DDoS attacks

To be a validator, requires 2,000,000 CUDOS tokens. CUDOS are the Native, Utility token underpinning the Cudos Network with an ERC20 token contract address: 0x817bbdbc3e8a1204f3691d14bb44992841e3db35. The CUDOS token is a capped supply token. The circulating supply is approximately 2.8 billion and the total cap is fixed at 10 billion.

 

On the other hand, Delegators bond or stake CUDOS to validators of their choice in return for a share of Validator rewards. The bonded CUDOS form the validators’ Voting Power. The validators with the most Voting Power are then selected for rewarding verification process.

Tokens remain on the Delegator's wallets throughout and can be accessed again once un-delegated. The un-delegation process is quick and easy to perform.


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The role of Rust, WebAssembly (Wasm) and Cosmos WebAssembly (CosmWasm) in the Cudos chain.

The role of Rust, WebAssembly (Wasm) and Cosmos WebAssembly (CosmWasm) in the Cudos chain.

Cudos is a layer-1 Delegated Proof-of-Stake (DPoS) blockchain. Consensus and execution are kept apart by the Cudos network’s architecture to offer large-scale, safe, decentralized, and permission-free access to high-performance computing. The entire blockchain ecosystem may be reached through Cudos.

In our previous article, we introduced Cudos as a VIABLE TOOL TO SOLVING BLOCKCHAIN’S ISSUE OF SCALABILITY AND INTEROPERABILITY, where we talked about: the BFT consensus and its role in powering the Tendermint Core engine, which acts as the blockchain’s consensus engine; the need for establishing Cudos node; validator and delegator as a tool to aid the operability of DAO, as well as the basics of setting up a Cudos account either by setting up a private key or public key, and many other related issues. In this article, we’ll talk in detail about the role of Rust, WebAssembly (Wasm) and Cosmos WebAssembly (CosmWasm) in the Cudos chain.


With the intention of making decentralized computation accessible on-chain, Cudos is a layer-1 Delegated Proof-of-Stake (DPoS) blockchain. Consensus and execution are kept apart by the Cudos network’s architecture to offer large-scale, safe, decentralized, and permission-free access to high-performance computing. The entire blockchain ecosystem may be reached through Cudos. The Cosmos Ecosystem uses the Cosmos Inter-Blockchain Communication (IBC) protocol to enable seamless transfer of tokens, assets, NFTs, and data to and from other blockchains.

Introducing the Rust Toolchain

Cudos Network enables the creation of smart contracts that compile to Wasm through CosmWasm, a smart contract platform developed for the Cosmos ecosystem (of which Cudos is a component). There are several tools available to get Rust developers up and going, including developer SDKs like Cudos Blast and a fully complete testnet.


Rust is the ideal programming language for most of the blockchain industry. Programming in Rust is safe, concurrent and memory conserving, and it is statically typed for performance and safety.

Similar to C++, it has syntax. It was initially a Mozilla Research open-source project. It was created in 2010 by Graydon Hoare and has since become a well-known language for building safe and quick apps. Many reputable businesses have adopted it, including Toyota, Discord, 1Password, and Dropbox.

Rust offers (among others) low costs and nearly immediate transaction finality, allowing developers to build extremely scalable Dapps. Rust shines in all of the (most common) high-performance, multi-platform situations where security cannot be an afterthought.

The Cudos Network leverages CosmWasm as a platform for creating smart contracts and the supporting chain architecture. Rust is used to create these smart contracts.

Similarly, the Rust toolchain is needed for the creation of smart contracts. By utilizing already-existing technologies like WebAssembly, Rust design principles and reduce the risks associated with smart contracts (wasm).


The WebAssembly Technology
Being stack-based, CPU and OS independent, WebAssembly is a tiny, quick, effective, and very secure virtual computer. It is intended to run portable bytecode that has been generated from code at speeds that are close to native. It can operate in any setting because it is in a sandbox. There is considerable and developing support for the WASM programming language.


The overall role of the Cosmos WebAssembly tool
The CosmWasm is a secure multi-chain smart contract engine built for the Cosmos ecosystem by a team of developers at Confio. It is the Cosmos (Cosm) way of using WebAssembly (Wasm), hence the name.CosmWasm offers its users a wealth of benefits, and supports product scalability. These benefits include improved security, decreased carbon emissions, quicker transactions, and cross-chain interoperability for the creation of decentralized applications.

Additionally, it provides greater flexibility, because you can update your smart contracts without updating the entire blockchain, which reduces major overheads. CosmWasm offers API and library capabilities including address verification and more sophisticated storage objects. These lets you create robust smart contracts. 

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Introducing Cudo Compute

Introducing Cudo Compute

Cudo Compute encourages the creation of a circular economy in the IT sector and lowers energy waste in the cloud computing market by enabling the efficient and decentralized crowdsourcing of computing resources. It’s time to take big measures toward sustainability as worries about the climate issue continue to increase — and this is just what Cudo Compute is offering.

Cudos is a Layer 1 blockchain and Layer 2 community-governed compute network made to provide decentralized, permission-free access to high-performance computing at scale. To access a worldwide pool of processing power, Cudos links blockchain service providers and developers. With access to a global network and up to 10 times more cost-effective computing, you can power your next Metaverse, Dynamic NFT, AI, machine learning, DeFi, or other computationally intensive dApps and smart contracts. All users will be able to profit from the network’s expansion thanks to Cudos, which is powering the metaverse and bringing together DeFi, NFTs, and gaming experiences. Cudos is an open, interoperable platform launchpad that will provide developers the tools they need to build fully immersive, gamified digital environments with 1000x greater processing demands. The native utility token of Cudos, CUDOS, is the network’s lifeblood and provides holders and stakers with an alluring yearly dividend as well as liquidity.


Almost infinite computational capability is offered by the decentralized cloud computing platform Cudo Compute. By 2030, there will likely be a five-fold increase in the demand for cloud computing, and the metaverse will probably use 1000x more processing power than is now feasible. When you leave your hardware on, Cudo Compute gives you the possibility to make passive cash from it. As a result, you have the opportunity to join the network of 1,000 dispersed cloud nodes that will help to meet the demand for computing that is only going to grow. By 2025, there will be 75.44 billion connected devices, and the metaverse and NFT industries are poised for explosive growth. In order to meet these needs, real-time processing would be necessary, and customers now have the chance to participate in this supply chain.


Globally, there are alarming indications of the worsening climate disaster almost every day. It might be difficult to recognize what measures we can take to assist prevent this impending tragedy when faced with the pervasive signs of a broken world. This is a particular problem for individuals who believe in the promise of the IT sector, whose contribution to environmental destruction is, regrettably, becoming more and more well-known. With on-demand access to decentralized cloud computing resources, Cudo Compute is positioned to enable NFTs, AI, metaverse, big data rendering, Play to Earn (P2E) games, and more.


In this article, we will take a close look at how Cudo Compute stands to revolutionalise the cloud computing atmosphere as a sustainable tool, and how you can join this revolutionary decentralised ecosystem as an individual and earn revenues from your spare compute capacity?

Decentralised cloud computing as a solution to e-waste

The ability to facilitate peer-to-peer transactions at scale without the need for a centralized authority is at the heart of the blockchain technology’s promise. This invention has amazing potential effects. Indeed, they are already having an impact on a variety of businesses, impacting both the sports and finance industries as well as the arts and culture.


Cudo Compute seeks to expand the blockchain’s disruptive effects to the cloud computing business while also contributing to the battle against e-waste. We can enable even the tiniest devices, from phones to game consoles and PCs, to be fully utilized by connecting individuals in need of processing power with those who have extra capacity through the Cudos network.


More than ever before, the modern data-driven economy depends on data centers. Data is now centralized and handled by cloud giants like AWS, Microsoft Azure, and Google Cloud, creating an unhealthily monopolistic situation that raises security issues and the possibility of widespread outages. The data centers on which these services rely have a significant and rising environmental cost. It is vital to reevaluate data center infrastructure and its role in the climate catastrophe in light of the dire environmental situation facing our world. A 2016 study on research gate (https://www.researchgate.net/publication/320225452_Total_Consumer_Power_Consumption_Forecast) cites that; by 2025, it is anticipated that data center emissions would account for 3.2% of all CO2 emissions. By 2040, that number is anticipated to double in parallel with rising internet adoption rates throughout the world. Servers may use up to 26% of the energy in a data center, however specific amounts may vary based on a number of factors, as shown below. To support its market-leading AWS operations, Amazon also aims to construct a number of new hyper-scale data centers across the world. Cudo Compute will shift the balance away from just discarding and replacing gadgets that are nearing the end of their lives by enabling consumers to lease the computing capacity of their unused devices and earn passive revenue in the process. It also has other environmental advantages, though.


These data centers are very wasteful, yet they enable organizations like Amazon and Microsoft retain their monopoly on the cloud computing business by offering economies of scale. It is hard to precisely map available computing power to demand because of various constraints of employing a centralized system for requesting and assigning computer resources, such as quick scaling at times of surge demand. The end effect is wasteful energy use and needless carbon emissions.

Cudo Compute encourages the creation of a circular economy in the IT sector and lowers energy waste in the cloud computing market by enabling the efficient and decentralized crowdsourcing of computing resources. It’s time to take big measures toward sustainability as worries about the climate issue continue to increase — and this is just what Cudo Compute is offering.

Achieving sustainability via spare-capacity recycling (SCR)

Cudo compute’s original strategy, which incorporates blockchain technology to build a sizable distributed computing network, is cutting edge. Server recycling has generally been seen as the next significant step towards a more sustainable compute/storage environment. This model’s blockchain implementation ensures openness, transparency, and adherence to environmental goals. Additionally, as servers will be placed close to end users, the integration of edge computing architecture will make it possible to provide a low-latency and highly scalable compute solution for both corporate and individual use.


Optimizing utilization, recycling, and accountability are necessary for effective lifetime management. We anticipate the potential for a 20% increase in server utilisation, based on the statistics for present underutilization. One-sixth of the servers that were purchased would no longer be necessary if utilization rates were even close to that level, which would reduce energy use throughout the manufacturing and shipping procedures.

The future

For everyone, Cudo Compute is a more equitable cloud computing platform. By using underutilized processing power on vacant data center hardware internationally, it offers access to dispersed resources. The world’s first democratized cloud platform enables customers to deploy virtual machines by locating the finest resources in the best locations for the lowest cost. Cudos’ interoperability allows it to interface with all other significant Layer 1 chains, bringing cloud and blockchain technologies closer together. Imagine Filecoin for the full computing stack, allowing developers to access resources both on and off-chain regardless of the network where they were first launched.


Cudo Compute enables organizations and people to monetize underutilized resources with the goal of democratizing the public cloud by creating a more sustainable economic, environmental, and societal computing paradigm. Cudo Compute will ultimately integrate with its sibling firm Cudos to act as the infrastructure’s backbone for Web3. Transactions on the Layer 1 blockchain are inexpensive and quick.


Without being constrained by centralized cloud infrastructures, the Cudo Compute ecosystem will enable organizations and developers to install, run, and grow in response to demand. As a result, by making it easier for clients to access a larger pool of high-powered computing and distributed resources at the edge, we deliver significant availability, proximity, and cost benefits for them.

How can you help to support this sustainable compute network?

Cudo Compute has prioritized user experience enhancement, new capability addition, and improvement based on internal and external input since its official introduction in October 2022. There are thousands of nodes in the Cudo Compute network, located across 150 different nations. The shortest distance between the processing power and the data is provided by this architecture, which also has the lowest latency. Additionally, there are more than 50,000 active devices on the network at once. As a result, we are able to offer almost infinite compute capacity for a small fraction of what centralized hyper-scale suppliers charge.


The Cudos network, and Cudo Compute in particular, require teamwork to become a reality, just like any decentralized solution. Why not assist our testing process if you want to make a difference? You may assist us in testing your hardware compatibility and ensuring the Cudo Compute project launches as smoothly as possible while earning free computational resources in exchange for your assistance.


On the other hand, Cudo Compute allows users to view all of the data about your VM and dive down into virtual machine (VM) metrics for CPU, RAM, Storage, and Network. Additionally, you may do routine maintenance procedures like starting, stopping, rebooting, and accessing your virtual machine on a responsive web portal.Users can also deploy new VMs whenever they want. To locate just the correct workload for your use case, you may filter parameters like location, hardware specifications, and cost using our user-friendly marketplace. Once you’ve decided on a vendor, you’ll be given a simple deployment wizard to swiftly install as many virtual machines as you need using a variety of operating system images. 

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