Hey CUDOS fam! The aim for this three part blog series is to delve a little deeper into each of our Blockchain products, outlined in the roadmap we recently published here, and to get to grips with the finer details and plans for them. This blog is the first of the three.
CUDO and CUDOS Overview
Before we get started, let’s first take a step back in order to provide a bit of context for the uninitiated. CUDO is a sustainable infrastructure company, focusing on providing computing resources to both traditional cloud markets as well as Web3. We are also intent on exploring and delivering real world asset (RWA) tokenisation in order to fractionalise and democratise ownership of sustainable and green asset classes.
To maximise market reach and stay on the bleeding edge of technology, we’ve embraced Blockchain technology, by initially releasing an ERC-20 token on Ethereum, and later migrating to our own Blockchain in the Cosmos ecosystem. This move afforded us the ability to drastically lower network fees associated with the applications we have built and will build, going forward.
We’ve made a lot of progress since releasing our initial offering, Cudo Miner, as evidenced in our roadmap, and we have since then gone from strength to strength, forging strong relationships with other key players in the Web3 world. At this point, our Blockchain has been running for a little over a year, and with that, our main products are mostly all in MVP or beta stages (bar one, as of yet unannounced gamechanger!). As such, this is a perfect time to explore what’s next on the horizon with you, our community. This initial post will focus on the core Blockchain Network, with the subsequent blogs in this series seeking to grapple with our other products.
CUDOS Blockchain: Committed
Right, let’s get to it! We’re currently working on the next network upgrade, that will afford us the latest features and security updates that have been deployed within the Cosmos SDK. This is an exercise that needs to be done periodically, and now is as good a time as any to do it again. We will also be using this opportunity to update our WASM module as well as a few other non-critical pieces.
Now, a small update from our released roadmap. As a result of the learnings we gleaned from all the summer events that we’ve attended in 2023, we’ve come to the realisation that it’s not the right time to update our NFT module to the Cosmos testnet version, so instead we’ve been focusing on something far more exciting: Interchain accounts! We’ll share more details on how we’re planning on using them soon, but this will also make it easier for us to collaborate with the latest Cosmos developments.
CUDOS Blockchain: Next
After the completion of the above, we’ve penciled in some other improvements to our ecosystem. This includes how we approach community support and outreach, new major exchange listings, and the testing of Ferrum’s multi-chain bridge that they are industriously working towards releasing as part of the Foundation Grant they received. This will open our doors to connect with many other tier 1 Blockchains and the users and developers in them.
You will also have noticed that in all our products in the roadmap we’ve added “CUDOS token buyback”. That’s because we’re committed internally to bringing part of the wider company’s revenue to the network and Blockchain ecosystem in order to further support our community. We will be communicating this in more detail after we have finalised the model, but one idea we are considering concerns increasing the liquidity of the CUDOS pools on DEXes like Osmosis and Uniswap, thus reducing the number of tokens circulating in the market as well as increasing TVL.
CUDOS Blockchain: Outlook
Zooming out further, in addition to continuing to support our network, add and improve products and stay committed to innovation, we will also look to further solidify our Compute offering, by making it native to our network. It’ll also be available via the CLI for all our users and, potentially, all of Cosmos – in the context of Interchain accounts – for example. We’re also planning to expose it to non-Cosmos Chains, but more on that in the next blog.
All that said, what we really wanted to emphasise in this outlook section is that we plan on growing with Cosmos, and on further improving our Compute services and facilitating its access, usage and adoption across the whole Blockchain vertical. Batch workloads and improved AI support from our Blockchain Compute offering will play a crucial role in this, but as mentioned, we’ll dive into finer details on this in our next post in this series, so please stay tuned!
About CUDOS
To learn more about CUDOS, you can visit the Website, follow us on Twitter, join our Telegram or Discord channels, watch our YouTube videos, read our Medium posts, or listen to our Podcast.
