CUDOS - Global Compute Network

 

CUDOS is a multi-chain layer 2 arrangement, giving Turing-complete process and outer information to blockchains. Since blockchains are changeless, this implies they are commonly extremely restricting in what they can do. This particularly limits their utilization, and without another arrangement use, cases like DeFi would not exist. CUDOS gives a scaffold between the blockchain world and the rest of the world to empower blockchains to burn-through external information, APIs, and figure.

CUDOS goes above and beyond too and coordinates flawlessly with Cudo, a disseminated figuring stage that can successfully be perceived as a layer 3 for blockchains. This permits the utilization of specific equipment on-request, mentioned straightforwardly on-chain from a savvy contract.

How CUDOS Works?
Smart agreements written in a layer 1 organization can summon the CUDOS brilliant agreement, conveyed in that equivalent layer 1 organization, to demand work to be processed off-anchor or to get to outer information. The off-chain calculation is done in the CUDOS validator hubs, which need to stake 2,000,000 CUDOS to be qualified. These hubs are continually tuning in to occasions in the CUDOS brilliant agreement, to see when another solicitation for a process work is made. This solicitation incorporates three primary parts:

An objectives identifier

An application hash identifier

Any information sources required for that outstanding task at hand.

The objective identifier alludes to some bit of information that is utilized by the CUDOS hubs to choose when they need to run a workshop. This can either be a bunch of hashes recognizing every individual hub independently or some extraordinary identifier which the hubs use to choose whether they need to run the work.

The application hash is utilized to choose which code the CUDOS hubs need to run. That hash can either allude to a current application from the CUDOS dapp commercial center, or it can highlight an outside stockpiling address where some code composed by the requester has been recently transferred. Last, the solicitation to the CUDOS agreement may likewise incorporate an elite of contributions to be utilized by the code or application that will run in the hubs. These information sources can be passed straightforwardly in the solicitation, in the event that they are simply short numbers or characters, however will commonly address highlighting an outside stockpiling arrangement where the information has been transferred previously.

When a hub has heard an occasion and has concluded that it should run the work, that triggers its WebAssembly agent part. Note that tuning in to the blockchain is as of now an off-chain measure, so this cycle isn't compelled by the blockchain's constraints any longer. When execution begins, the hub will bring the passed inputs and will send the important API solicitations to the commercial center and the application to run the figure outstanding task at hand.

After the outcome is gotten in each CUDOS validator hub, an agreement check may be required to restore a novel outcome to the first mentioning savvy contract on the layer 1 blockchain. When that interesting outcome (or address putting away the outcome) has been chosen and shipped off the CUDOS savvy contract, the first brilliant agreement can get it.

Why is CUDOS Needed
The CUDOS network is helping blockchain accomplish its next reception level. The fundamental Cudo network has been being worked on since 2017, is live with more than 150,000 clients joined in more than 145 nations, and around 20,000 hubs running different blockchain and process outstanding burdens on the Cudo network. The OS, front end programming, the executives programming, charging motor, and the wide range of various accessible highlights are altogether accessible at cudominer.com.

Thusly, CUDOS not just has an accomplished group behind with a demonstrated history in the digital money world, yet additionally has worldwide associations set up with information and process suppliers. The Cudo group has been buckling down throughout the most recent years to have the option to arrive at this point and is presently prepared to give process to both blockchains through the CUDOS network and customary cloud with Cudo, with the vision of combining both when all innovations are prepared all around the world.

How Does CUDOS Provides The Best Solution For Financial Transformations

1. CUDOS Is Global Compute Network
   CUDOS is distributed computing platform that can effectively be understood as a layer 3 for blockchains. This allows the use of specialised on-demand, requested directly on-chain using a smart contract and can be applied on Banking and all financial service.
   The CUDOS network is helping blockchain achieve its next adoption level. The underlying Cudo network has been under development since 2017, is live with over 150,000 users signed up in over 145 countries, and around 20,000 nodes running various blockchain and compute workloads on the Cudo network. The OS, front end software, management software, billing engine and all the other available features are all available at cudominer.com.
   Therefore, CUDOS not only has a very experienced team behind with a proven track record in the cryptocurrency world, but also has global partnerships in place with data and compute providers. The Cudo team has been working very hard over the last years to be able to reach this point, and is now ready to provide compute to both blockchains through the CUDOS network and traditional cloud with Cudo, with the vision of merging both together when all technologies are ready globally.
2. Cudos & Decentralized Finance
   DeFi ( Decentralized Finance ) tries to change various traditional financial services (CeFi), such as lending (lend, borrow, loan), trade, saving, transfer, insurance, remittances, etc. to run on a decentralized blockchain network system as one of the DLT or Distributed Ledger Technology solutions.
   Simply put, DeFi is an open financial system without intermediaries, which has been used successfully in crypto asset transactions. With DeFi, crypto assets can be transacted, transferred, traded, or used for other financial activities efficiently, safely and concisely.
   DeFi (Decentralized Finance) is an application that uses smart contracts, which run (usually) the Ethereum blockchain, to get loans in the form of crypto assets and as collateral for crypto assets. For example, you can pledge Ether (ETH) to get a loan in the form of DAI stablecoin worth US dollars.
   Smart contracts are the most powerful feature on the Ethereum blockchain. Anyone can use it to create cool applications. The use of smart contracts in the DeFi sector has increased in recent times, which is reflected in the value of the crypto assets stored in them.
   As we know the use of DeFi becomes more widespread, it is important to understand what characteristics Cudos has. The things are worth to be knowing about Cudos & Decentralized Finance are :
   Open Source
   Cudos is Open source. Open source coding allows anyone to audit and validate its functionality, security and capabilities. Open source coding is also more stable and secure. In addition, this system gives more confidence to the platform as users can rest assured that no malicious coding is hidden behind it. On the other hand anyone can develop their platform, including developing a financial system, then this provides a big opportunity for traditional financial institutions.
   Transparent
   Cudos provides financial services with a new level of transparency. Since almost all application functions are run on Cudos public Blockchain , all transactions can be seen by anyone. In addition, unlike conventional banks, each account is not directly tied to anyone. Instead, accounts are pseudo-anonymous and are only listed as a numeric addressss.
   Reach Audiences Globally
   Anyone in any part of the world can participate and use the DeFi platform that build on Cudos public blockchain. You only need a smart phone with internet access. Furthermore, you can enter the DeFi community in just a matter of minutes.

📜 Website: https://www.cudos.org/
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