CUDOS Price (CUDOS)

CUDOS is a decentralized, blockchain-based network that aims to provide access to sustainable and scalable distributed cloud computing resources. It caters to both Web3 natives and enterprises that require GPU-optimized and general computing virtual machines to power their decentralized applications (dApps) and AI workloads. Launched in 2022, CUDOS is a proof-of-stake layer 1 network built on the Cosmos ecosystem. It aims to serve as a computational layer for various chains, while also providing a low-cost, fast transaction network for dApps built directly on the CUDOS blockchain. The network is 100% carbon-neutral and uses the Tendermint and IBC protocols for governance and interoperability.

CUDOS operates using the Byzantine Fault Tolerant Bonded Proof of Stake mechanism, as featured in the Cosmos SDK, known as Tendermint Core, serving as its consensus engine. Validators within the CUDOS network stake a specified amount of CUDOS and may receive compensation for transaction validation. This security approach is fortified by the application of the Cosmos SDK's staking, slashing, and governance modules. These modules aim to incentivize a minimum of 95% uptime and swiftly detect and eliminate validators known to perform double-signs or other known forms of bad actor behavior.

CUDOS aims to address the challenge of scalability in the realm of blockchain. Developers often face high costs and lack native access to general and high-performance computing resources. CUDOS seeks to provide a scalable Layer 1 and compute oracle solution, connecting sustainable on-chain and off-chain infrastructure to the network through smart contracts and APIs. Its use cases encompass AI, digital twinning, the metaverse, the tokenization of real-world assets, and Web3 node infrastructure. Whether developers aim to tokenize a sustainable Real World Asset or drive the neural network supporting their DeFi application, CUDOS aims to provide a scalable, cost-effective, high-throughput network with cross-chain and multi-chain capabilities.

CUDOS was developed by the team that founded CUDO Ventures in 2017, including CEO Matt Hawkins, a recipient of multiple entrepreneur awards for his previous tech companies. The team has extensive experience in cloud and blockchain technologies, having previously established and successfully exited the UK's largest privately owned data centre and cloud aggregation business. Their vision is to create a more sustainable cloud and blockchain model accessible to the web3 developer community. The CUDOS blockchain was launched in 2022 after years of focused development aimed at bridging the gap between blockchain and cloud technologies. The total supply of CUDOS tokens is capped at 10 billion, with distribution occurring over a 10-year span, starting on January 11, 2021.

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The current market cap of CUDOS is $114.02M. A high market cap implies that the asset is highly valued by the market.

The all-time high of CUDOS is $0.13. This all-time high is highest price paid for CUDOS since it was launched.

Over the last 24 hours, the trading volume of CUDOS is $3.96K.

Assets that have a similar market cap to CUDOS include Aave GUSD V2, COTI, Radiant Capital, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of CUDOS is 9.9 billion.