AMA Recap Crypto Library with CUDOS

                                         

On 26th July 2021, CUDOS conducted an AMA in the Crypto Library Community. Our guest is Matt Hawkins. Lots of questions as usual from the Community about CUDOS progress. The CUDOS team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Crypto Library community. If you missed the AMA in person, read this recap for a deeper insight into CUDOS.

Let’s take a look at the most interesting points of our conversation.

INTRODUCTION
Crypto Library Team : So, before we start the AMA could you please introduce yourself to our community?

Matt Hawkins (CUDOS) : Hi everyone, I’m Matt Hawkins CEO and Founder of Cudos, my background is I previously built C4L which was one of the UK’s largest cloud and data centre providers. We ended up providing 1% of the UK’s infrastructure and had a global business. I built Cudos to make the same in software using blockchain to use the world’s spare computing capacity. 
FIRST SEGMENT (HOST)
Crypto Library Team : What is CUDOS? and how does it work?

Matt Hawkins (CUDOS) : Cudos is a cross-chain decentralized compute network being designed to power Web 3.0. It will enable anyone to sell their computing or consume decentralised computing resources either via blockchain/smart contract or via more traditional cloud computing API’s. In essence, what this means is Cudos will be one of the few networks which can power other blockchains and scale to the demands of cloud computing required today.
The Airbnb of computing power for a new internet!

Crypto Library Team : Could you give us some reason why we have to choose CUDOS than other projects out there?

Matt Hawkins (CUDOS) : The part that those here in the token community may not know, is that we have already scaled a significant distribution of hardware contributing to the ecosystem through our first application Cudo miner. Now with the decentralised Cudos Network in the 1st testnet phase, our goal is to make this distributed hardware available to blockchain developers and consumers. This is significant, as blockchain computing today is very expensive due to scalability issues and so limited to a small number of use cases only such as Defi. If we truly want mainstream adoption from many industries, then we need a solution to bring blockchain and cloud computing together, so those large cloud consumers running machine learning or video rendering workloads for example, can realise the benefits of blockchain, without having to compromise on the cost and scale benefits of cloud computing. Cudos will become that solution. There are a number of great market leaders in the space. These include the likes of Near Protocol, Oasis Protocol, Polygon. The vast majority have focused purely on smart contracts. You of course have Ethereum and the upcoming Ethereum 2 as well and Akash is on the rise. The difference is we took a market approach first and applied the technology to that which is what is giving us the quick scale of network and users, plus we will be able to provide computing power through the Cudos network to both on and off chain consumers.

Crypto Library Team : Please tell us about $CUDOS token! What are the token use-case, distribution, and where we can buy it?

Matt Hawkins (CUDOS) : CUDOS is a utility token with functionality including staking, payment and medium of exchange, and is a key mechanism in supporting the infrastructure of our network. It is currently available on Uniswap, AscendEX (formerly known as Bitmax), Kucoin and Gate.io.

Crypto Library Team : Could you give us some information about your roadmap, your milestones, and also your future plans?

Matt Hawkins (CUDOS) : Our main goal is to launch the mainet this year. There are a number of earlier launches that will progress us towards this goal. These are:
  • Onchain staking
  • Public testnet
Both of those stages are currently on track for this quarter with the staking going live next week on August 2nd. The first stage of the testnet, what we are calling ‘Cognitum’, is already live and we have invited the first 17k developers into our testing group to build and feedback. We’re starting to receive feedback from the first few developers within this group already and our team are working closely with them to ensure that as many creases are ironed out prior to the ‘Somniorum’ public testnet. I’m very happy with the progress being made! In terms of what we have achieved so far, we have built a supply network of hardware, these will form the compute nodes for the overall ecosystem. The Cudos network will link to this hardware. We have also built the Cudos block explorer and agreed the first 30 validators for the network.
SECOND SEGMENT (TWITTER)
Crypto Library Team : Currently CUDOS consists of 50000 nodes, spread over 145 countries. So Congitum Testnet seems to be a success. How will you engage & contribute to the success, which you give to Launching the CUDOS mainnet as a global network, operating actively in every country/region?

Matt Hawkins (CUDOS) : Great question. We are currently working with validators who are based in all reigions around the world and this will expand! We are also working with development agencies in all regions on the planet to engage in hackathons, and devolopment grants to encourage developers from all over the world to come and build on our network. In addition to that we are already working with marketing agencies based in crypto positive regions to spread the word on our project!

Crypto Library Team : What is the security condition of CUDOS mainnet after NFT create & Mint? Can hackers attack to steal Data sources in NFT? How about ownership history & Copy rights issue NFT? Can users experiment with their NFT with the Congitum Test net?

Matt Hawkins (CUDOS) : We absolutely encourage developers to come and build NFT platforms and marketplaces on our network, which will inherently come with proof of ownership mechanisms. In terms of security, our smart contracts and network is regularly audited by Certik and Limechain to ensure high levels of security for all of our users.
THIRD SEGMENT (LIVE QUESTIONS) 
Crypto Library Team : Where can I find the latest news from your project, about the latest updates or feature/system update info? And learn more about your project?

Matt Hawkins (CUDOS) : Please check out the links below for the lates updates regarding our project.
Crypto Library Team : All project coins have their main utilities & real-life usecase! So, can you tell us What are the main role of your coin in your ecosystem?

Matt Hawkins (CUDOS) : The core use case four the Cudos network is providing a source of decentralised computing for users such as developers, Scientific research, Image rendering and any other comuputationaly intensive workloads. The Cudos token will act as a medium of exchange allowing providers of compute to be rewarded for lending compute to the network, and in turn allowing those who need compute to purchase it.

Crypto Library Team : Do you have AUDIT certificates, or are you working to AUDIT your project, to make it more secure and reliable?

Matt Hawkins (CUDOS) : Yes our smart contract are audited by Certik and Limechain, we are also working on setting up bug bounties to secure other areas of the project.

Crypto Library Team : Partnership is always an important factor for every project. So who is your partner? What are the benefits you get from those relationships?

Matt Hawkins (CUDOS) : We have several great partnerships:
  • Algorand as the first Blockchain and working directly with the team there.
  • Crypto Compare and Coinmarketcap as 2 of the first planned DeFi Dapps to be going live on the network.
  • NKN and Noia Network are a couple of the first network connectivity providers that will be using the network for global nodes.
  • Many Validators onboarded which we'll be announcing over the next few weeks. These are a mixture of Staking Validator providers and also global data centre and hosting providers.
  • Software platforms that are integrating our platform to monetise their users hardware include the likes of Ultra gaming network, which is like a blockchain version of steam and lets gamers sell their games afterwards.
  • Gather is using the CUDOS network to scale its underlying blockchain network.
  • Blendergrid is using the network to scale video rendering films and movies, which is one of the largest Blender rendering platforms.
  • Kings Partnership (Distributed compute labs ) - For providing global research and distributed compute / HPC.
  • We are also working very closely with AMD and will be intergrating the use of the AMD SEV.
There are many more we have been working with we will be announcing in due course.

Crypto Library Team : As a community driven project, we are always taking feedback and suggestions from the community, and we have several great community ambassadors that we work very closely with to ensure we are doing what is best for the community and the project.

Matt Hawkins (CUDOS) : As a community driven project, we are always taking feedback and suggestions from the community, and we have several great community ambassadors that we work very closely with to ensure we are doing what is best for the community and the project.
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