The collapse of the Luna and UST, cryptocurrencies linked to the Terra blockchain, has sent shockwaves in the crypto-verse and the developer community. Terra was home to many innovative decentralised applications, envisioned and realised by their talented developers.
With the unfortunate turn of events recently, these developers and their promising projects are stuck in limbo. They are now looking to migrate to a blockchain that shares their long term vision to deploy their dApps. We offer our sympathy to Terra developers for the challenges they have faced in recent days. We understand you and would like to offer support and long-term stability for the developers and the community looking to start afresh.
Dear #Terra engineers,
Here at @CUDOS_ we empathise with the devs who have felt the ground fall out from underneath them.
— CUDOS (@CUDOS_) May 20, 2022
From the onset, we are a community-driven, developer-centric project. 22,000 developers expressing interest in the first phase of our incentivised testnet, Project Artemis, in Q4 2021 is a testament to the developer community’s trust in our decentralised vision. These developers continue contributing to our network as we march towards our mainnet launch in June. The launch will pave the path to our blockchain becoming limitless, empowering the developers to create innovative apps to power Web3. Additionally, our added compute functionality is designed to help developers scale their dApps securely.
Why we are inviting Terra builders?
Part of the Cosmos ecosystem
Developers that were part of the Terra blockchain can smoothly transition to Cudos. Given their familiarity with the Cosmos ecosystem’s documentation, Rust/CosmWasm smart contracts, language modules, and tools, it’s easy to switch over.
Cudos is a compatible fit for Terra builders familiar with the Cosmos ecosystem as both are built on the Cosmos SDK. Interoperability is at the heart of our blockchain, enabling integration with many solutions that employ the Inter Blockchain Communication (IBC) protocol and our Gravity Bridge integration.
Developers that were part of the Terra blockchain can smoothly transition to Cudos. Given their familiarity with the Cosmos ecosystem through documentation, smart contracts, language modules, and tools, it’s easy to switch over.
The dApps will simply migrate to Cudos with zero change to their smart contracts, and developers will continue their same access to the Cosmos ecosystem.
What makes the Cudos blockchain unique?
Scale dApps with Compute: Developers fresh from the Terra blockchain crisis are looking for stability and longevity in the new blockchain they would migrate to. A project like Cudos could be their new home as its decentralised, scalable cloud computing offering has a real-world utility. As the demand for computing resources keeps increasing yearly, we along with our strategic partnerships have a solid, long-term vision of powering the metaverse and Web3.
The ultimate goal of our blockchain is to converge with our compute platform. This convergence will lay the foundations for cost-effective and sustainable computing. As a result, developers would benefit from dApps scalability, relying on the computing capabilities of our decentralised network.
NFT support: We became the first network to run NFTs on Cosmos natively. This feature is significant to the developers working on NFT dApps as they benefit from accelerated development and cheaper transactions.
Tools to innovate: Developers can also benefit from the Cudos Blast toolset, which our dev team has built to facilitate development within Cudos and beyond its ecosystem.
We will be allocating resources to migrate the Terra projects seamlessly and welcome talented developers to our platform. In addition, we are formulating grants for supporting the Terra builders during this tumultuous period.
Terra developers seeking assistance are encouraged to contact Cudos via Discord messaging, blockchainjeff#0708 and Cudo_Ollie#1207.
Cudos is powering the metaverse bringing together DeFi, NFTs and gaming experiences to realise the vision of a decentralised Web3, enabling all users to benefit from the growth of the network. We’re an interoperable, open platform launchpad that will provide the infrastructure required to meet the 1000x higher computing needs for the creation of fully immersive, gamified digital realities. Cudos is a Layer 1 blockchain and Layer 2 community-governed compute network, designed to ensure decentralised, permissionless access to high-performance computing at scale. Our native utility token CUDOS is the lifeblood of our network and offers an attractive annual yield and liquidity for stakers and holders.