It is a hectic month for our dev team as we inch closer to our mainnet launch. Our developers are working round-the-clock to transition us from the Ethereum network to our own native Cudos blockchain.
This week, we are approaching the final phase (Collins) of our incentivised testnet, Project Artemis. Based on our current projections, we aim to launch the mainnet in early February. We aim to establish a secure blockchain platform, giving developers the confidence to build on our network.
As we get closer, let’s take a few minutes to understand the significance of us moving from the testnet to the mainnet.
Testnet vs. Mainnet
A testnet is when a blockchain protocol or network isn’t running at its full capacity. It is an environment where programmers and developers test-run and troubleshoot all network features before ensuring it is ready for a mainnet launch.
The mainnet, on the other hand, is the main blockchain network launched after intensive rounds of testing on the testnet. Launching into the mainnet implies that the blockchain protocol is fully developed and deployed, performing the functionality of transferring a digital currency on its network.
What changes with the Cudos network’s mainnet launch?
The Cudos network is a multi-layered chain that resolves fundamental problems in compute, off-chain data acquisition, and cloud services.
The shift to mainnet means six crucial things for the Cudos network:
The transition will make Cudos fully interoperable with the blockchain ecosystem, employing common token standards at the base layer. Furthermore, as we’re built on Cosmos, its Inter-Blockchain Communication protocol will make us cross-chain, enabling the transfer of tokens, assets, NFTs, and data to and from other blockchains. The Cudos network is currently bridged to Ethereum and will be bridged to major blockchains in the future.
- Developer ecosystem
With the mainnet release, developers will use the Cudos blockchain for deploying smart contracts, making it way cheaper than building on Ethereum. In addition, the Cudos network will become truly limitless as developers can build new solutions, projects utilising Cosmos SDKs on the network.
The seamless interoperability that Cudos offers will open doors for commercial deployment as developers can build dApps, and other projects on our native blockchain, powering the future of web 3.0. Interested developers can join our Discord group or Telegram community to engage further.
- Powering the metaverse
Once our mainnet is live, it will be merged with our Cudo compute platform, paving the path for scalable compute to power gaming, NFTs, and metaverses. As the world of NFTs and metaverses evolves, the demand for computing capability is poised to increase 1000 times, and Cudo compute is well-positioned to fill in the gap.
- Token utility
With the Cudos network migrating from Ethereum to our native blockchain, the ERC-20 tokens will migrate into CUDOS native tokens. After the mainnet launch, CUDOS will become the native token on the network providing PoS security. The token holders can stake, earn, and participate in governance using CUDOS. On the developers’ front, they could use CUDOS in their smart contracts and earn a share of community rewards based on their dApp popularity.
Learn more: Cudos Staking FAQ🥩
- Lower gas fees
The primary purpose of the Cudos network is that it optimises many native transactions (including NFTs), making gas fees much lower than Ethereum. As a result, transactions on the Cudos network will be processed more quickly and at a comparatively lower cost.
As part of our testnet, dozens of validators participated in our test runs, staking millions of CUDOS. This growing number of validators indicates that our network has become more secure and decentralised.
Why is this mainnet launch vital for us?
The mainnet makes the Cudos blockchain truly limitless as transitioning to a native blockchain liberates us from the limitations of Ethereum and speeds up transactions. Furthermore, it showcases our sustained, relentless endeavour to provide high-performance, trustless, and permissionless cloud computing for all.
How can you join us?
If you wish to support decentralisation, become a validator on our network as we roll out our final phase of the testnet soon.
You can get involved right away by following the links below:
The Cudos Network is a layer one blockchain and layer two computation and oracle network designed to ensure decentralised, permissionless access to high-performance computing at scale. It enables scaling of computing resources to 100,000’s of nodes. Once bridged onto Ethereum, Algorand, Polkadot, and Cosmos, Cudos will enable scalable compute and Layer 2 Oracles on all of the bridged blockchains.