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About 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.

Market

Australia Market Stats

Market cap

A$150.7M

Volume (24h)

A$899,443.59

Circulating supply

5.8B CUDOS

All time high

A$0.19

Price change (1h)

-0.02%

Price change (24h)

-3.08%

Price change (7d)

-4.48%

Australia News about CUDOS

Unchained • Apr 30, 24

Hong Kong Doesn’t Define Ether as a Security, Says Issuer as Spot Crypto ETFs Go Live

Spot Bitcoin and Ethereum exchange-traded funds (ETFs) have started trading on the Hong Kong stock exchange, after much anticipation around another timezone for crypto ETF trading, albeit lower optimism about the pace of inflows these funds will see. Hong Kong-based asset managers China Asset Man...

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The Defiant • Apr 30, 24

Moonbirds Soar as Yuga Labs Looks to Restore NFT Holders’ IP Rights

The floor price of the collection has increased by 30% in the past 24 hours.

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The Block • Apr 30, 24

Hong Kong’s spot bitcoin, ether ETFs see over $6.3 million in half-day volume upon debut

The trading volume of the newly listed spot bitcoin and ether ETFs in Hong Kong amounted to over $6.3 million during the morning session today.

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BeInCrypto • Apr 30, 24

Spot Bitcoin and Ethereum ETFs Debut in Hong Kong: Will It Outpace Its US Counterpart?

Hong Kong officially launches spot Bitcoin and Ethereum ETFs, available in multiple currencies on the HKEX.The post Spot Bitcoin and Ethereum ETFs Debut in Hong Kong: Will It Outpace Its US Counterpart? appeared first on BeInCrypto.

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The Block • Apr 30, 24

Hong Kong officially debuts Asia’s first spot bitcoin, ether ETFs

Six spot bitcoin and ether ETFs — managed by ChinaAMC, Harvest Global, Bosera and HashKey — officially debuted in Hong Kong today

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Bitcoin Magazine • Apr 30, 24

Spot Bitcoin ETFs Commence Trading in Hong Kong

Almost five months after the US approves spot Bitcoin ETFs for trading, Asia follows.

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CUDOS is on the decline this week.

The price of CUDOS has decreased by 0.02% in the last hour and decreased by 3.08% in the past 24 hours. CUDOS’s price has also fallen by 4.48% in the past week. The current price is A$0.0258 per CUDOS with a 24-hour trading volume of A$899.44K. Currently, CUDOS is valued at 86.68% below its all time high of A$0.19. This all-time high was the highest price paid for CUDOS since its launch.

The current circulating supply of CUDOS is 5,843,157,716.765 CUDOS which means that CUDOS has as total market cap of 5,843,157,716.765.

FAQ

What is the current price of CUDOS?

We update our CUDOS to AUD currency in real-time. Get the live price of CUDOS on Coinbase.

What is the market cap of CUDOS?

The current market cap of CUDOS is A$150.71M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of CUDOS?

The all-time high of CUDOS is A$0.19. This all-time high is highest price paid for CUDOS since it was launched.

What is the 24 hour trading volume of CUDOS?

Over the last 24 hours, the trading volume of CUDOS is A$899.44K.

How many CUDOS are there?

The current circulating supply of CUDOS is 5.8 billion.

Can I buy CUDOS on Coinbase?

Yes, CUDOS is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy CUDOS guide.