It's a bruising time to be a crypto investor right now — there's no two ways around it.
But as the bear market endures, many platforms in the industry are focusing on building — making enhancements to existing products, and creating new ones.
Cudos is one of them. And despite a great deal of uncertainty in the markets, the project says its long-term vision is unshaken — and determined to build infrastructure for the decentralized future that awaits us all.
The finishing touches are now being made ahead of a mainnet launch in June, and preliminary assessments following a thorough audit are all looking positive.
In recent weeks, a range of stress tests has also been performed on the cleverly named Dress Rehearsal network, which accurately replicates its mainnet. Cudos says this has ironed out a few teething issues before the big day itself.
Setting out what its mainnet aims to achieve, Cudos says it wants to blend DeFi, NFTs and gaming to deliver a decentralized Web3 experience — infrastructure that can comfortably handle the high computing needs that a modern internet demands. Minimal transaction costs and low latency are other crucial attributes.
Friendly for developers
Matt Hawkins, the CEO and founder of Cudos, told Cointelegraph: "Our mainnet launch will be a landmark in the blockchain space as we bring in scalability, lower transaction costs and convergence with a decentralized cloud computing layer.
"We are overwhelmed with the support of our passionate community during the incentivized testnet phase and excited for our mainnet launch. Our aim is to build a network that is developer-friendly, scalable and provides limitless opportunities for them to build Web3 dApps."
And on that all-important goal of being accessible to developers, Cudos says there are compelling reasons why programmers are flocking to this blockchain.
Interoperability and composability have been two big priorities for this blockchain project as it vies to "ride the mass adoption wave" — and the fact it's built using Tendermint Core and supported by the Cosmos SDK means it's cross-chain at its heart. A bridge has also been established to facilitate transfers to and from the Ethereum blockchain.
A diverse toolkit has also been established for developers who are determined to tackle the "massive issues" that our online world has inherited, following on from Web1 and Web2.
Describing Web3 as a glimmer of hope, and Cudos as a way of reuniting the forces of cloud computing and blockchain, a post on the project's website said: "The support and resources have been loaded onto the ship, it’s just a matter of getting on board and sailing off into the ocean of limitless possibilities."
A strong community, a bustling ecosystem
Cudos already holds a strong social presence — with a Twitter community of 40,000 followers and a Telegram base of 12,000 users.
These members come together across 145 countries, with 30,000 live-action nodes globally. Cudos also exists within the Cosmos ecosystem, where many successful blockchains are attracting many new users.
Cudos is nearing the end of the final phase of the incentivized testnet, with developers tackling outstanding tasks to ensure the mainnet is good to go.
And the second half of this year is set to be equally as significant as the project gears up for the beta launch of its distributed computing platform — taking Cudos one step closer to its aim of becoming a fully decentralized, scalable and sustainable source of cloud computing for Web3.
With plenty of milestones on its roadmap to look forward to, Cudos is set to be a bright spot in challenging market conditions — doggedly determined to become a crucial cog in the next iteration of the internet.
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