This decentralised blockchain plans to challenge AWS, Microsoft and Google with carbon-neutral cloud computing

Published at: Oct. 27, 2021

Cudos is a layer-one blockchain and layer-two computation and oracle network that enables the scaling of computing resources to 100,000 nodes. It aims to bridge the gap between cloud and blockchain by making the world's available computing power more decentralized.

With the launch of phase one its incentivized testnet – Project Artemis – the blockchain plans to lay the foundations of a decentralized, competitive, fair, and sustainable computing market. Even in its early stages, Cudos has ignited a considerable amount of developer interest, with over 20,000 developers joining its waitlist.

“This stage is the culmination of many years of work. With over 20,000 developers signed up already, we're excited to see what ideas and projects are created along with the NFT marketplaces, DeFi (decentralized finance) and games platforms already being built on the Cudos network," said Matt Hawkins, the founder and CEO of Cudos, to Cointelegraph.

Project Artemis takes flight

Named after NASA’s ongoing human spaceflight mission, Project Artemis will be the first stage in building Cudos’s carbon-neutral decentralized blockchain. Its main goals will be to secure the network, get developers building and create a diverse network of validators.

The project will be deployed in four phases, Apollo, Buzz, Armstrong and Collins, named after space explorers as a testament to Cudos venturing into new territories. During phase one, or Apollo, validators will perform starter tasks, focusing on hardware provisioning and node syncing. Cudos will then test all aspects of validation during the Buzz phase, including staking and delegated rewards.

After the platform has been thoroughly tested, phase three, or Armstrong, will come into effect. Here, Cudos will “stress test” its platform by facilitating a coordinated strike, which, it hopes, will bring as much diversity in transaction activity as possible.

Finally, the Collins phase will see a dry run of the genesis and migration plan for the new native Cudos blockchain.

Participants in the incentivized testnet will earn rewards by completing tasks but stand to gain even more when the mainnet goes live. Cudos plans to reward its early contributors with its native CUDOS tokens airdropped directly into their wallets.

Carbon neutral computing

While recent developments have sparked a debate around the environmental consequences of a blockchain’s energy consumption, Cudos believes critics are “missing the point.”

“One significant way that blockchain’s impact is already substantial is its ability to crowdsource large amounts of otherwise wasted energy,” explained Hawkins in a blog post.

More insights on cudos here

Cudos estimates that $1 trillion is spent annually on IT hardware, and 50% of the time, this hardware is idle or not in use.

“Whether it be a personal laptop or a commercial server out of office hours, there’s a vast amount of wasted idle computing power lying around on dormant hardware. At the same time, there’s a vast demand for computing power that’s being met by companies like AWS, which are continually building new data centers, further straining the environment,” Hawkins said.

The Cudos Network’s decentralized cloud computing platform redirects spare power from idle computers and puts it to better use. The platform anticipates that once the world embraces this blockchain-based carbon-neutral solution, it will have the potential to disrupt big cloud providers like AWS, Microsoft and Google.

To realize its mission, the platform has partnered with several key players in the industry, including GPU manufacturer AMD who’s SEV/SME encryption service will be included in the Cudos network. It has also partnered with blockchain-based carbon credits company ClimateTrade to offset its carbon footprint.

According to Nuno Perreira, VP of Partnerships, Cudos could be the network of choice for developers in search of a layer-one network that can support more intense computational applications while also being cheaper, faster, sustainable and scalable.

“There are a few layer-one networks that are faster and cheaper than Ethereum, but as far as I know, none offer true scalability that can support traditional workloads and blockchain workloads,” said Perreira.

Learn more about Cudos

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.

Tags
Related Posts
Google Cloud Adds Enterprise-Focused Ontology’s Development Platform
The development software of corporate-oriented cryptocurrency Ontology (ONT) has been added to the Google Cloud Platform Marketplace, a Medium post from Ontology revealed on Feb. 23. The newly supported software, called ont_dev_Platform, is a set of tools for developing smart contracts on Ontology’s blockchain. The DApp product includes a block explorer, a smart contract Integrated Development Environment (IDE), SmartX, and an Ontology test environment. According to the announcement, this addition makes the project “one of the first public blockchains to have a development platform on the leading cloud provider marketplaces.” This statement is referring to the fact that Ontology is …
Blockchain / Feb. 24, 2019
Blockchain Could Help Content Generation Industry Be More Profitable
Chinese content generation platform TikTok, a video-sharing app that has been called the fastest-growing social networking service in history, has been in the spotlight since early 2019 and now surpasses 800 million users. Despite the fact that the app’s data security breaches are raising controversy worldwide, more and more young people are using it as the go-to social media for the new generation, with a reported 69% of TikTok’s global audience being between the ages of 16 and 24. Despite its overwhelming success and rapidly growing user base, the truth behind the worldwide sensation is that “the new Instagram" is …
Blockchain / July 31, 2020
Big Tech in Blockchain: Comparing IBM, Microsoft, Apple, Google and More
The world’s largest technology companies have made concerted efforts to investigate and integrate blockchain technologies over the past few years. Partly driven by a massive boom in interest caused by Bitcoin’s stellar bull run in 2017, blockchain technology quickly became the new catchword in tech. A swathe of startups entered the fray during that period as entrepreneurs looked to cash in on the hype in the space. Bigger companies that weren’t looking into the benefits of the technology faced the risk of being left behind and began to carefully explore solutions to their own business mechanisms. Others had already begun …
Blockchain / March 29, 2020
Talking Digital Future: Quantum Computing and Cryptography
Back in the 2000s, when I worked for PricewaterhouseCoopers (PwC), I was the director of technology and innovation. Part of that role was not only helping the company and some of our clients with tech innovation projects, but it was looking out five years, 10 years, 15 years and thinking about what technology was emerging and what it might mean for our industry. And so, all along the way, I’ve had a real interest in identifying things that are interesting that maybe a lot of people weren’t paying attention to yet. One was the role of speech recognition. I was …
Adoption / March 19, 2020
Decentralized Cloud Platform Launches Mainnet in Challenge to ‘Big Four’ Market Leaders
A cloud platform, with the goal of building a fairer internet, has made its mainnet live — allowing its growing suite of network-ready applications to offer faster and more secure hosting services for websites, APIs, apps and e-commerce stores. DADI says its peer-to-peer network helps to shift the emphasis of computing power away from large corporations, as its infrastructure is owned by users. The company claims that those who use its network enjoy greater performance and efficiency as a result, with costs slashed by as much as 60 percent when compared to traditional cloud providers. This shift away from server …
Decentralization / July 6, 2018