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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

Canada Market Stats

Market cap

CA$134.9M

Volume (24h)

CA$779,107.02

Circulating supply

5.8B CUDOS

All time high

CA$0.17

Price change (1h)

-0.2%

Price change (24h)

-3.78%

Price change (7d)

-4.06%

Canada News about CUDOS

The Block • Apr 29, 24

MicroStrategy buys 122 BTC in April to bring total holdings to 214,400 BTC

Michael Saylor's MicroStrategy purchased $7.8 million worth of BTC in April, bringing its total holdings to 214,400 BTC.

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CoinDesk • Apr 29, 24

Bitcoin Wavers Around $63K, Awaiting Hong Kong Spot Crypto ETF Debut

Despite muted anticipation for the new products, an executive of one of the issuers reportedly expects that the first-day issuance of the Hong Kong offerings will exceed the U.S. debut in January.

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The Block • Apr 29, 24

A bill combining marijuana banking and stablecoins? Top Republican French Hill says he’d vote for it: Bloomberg

Top Republican Rep. Hill told Bloomberg he would support a legislative package that includes both marijuana banking and stablecoins.

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Bitcoin Magazine • Apr 29, 24

MicroStrategy Bought 122 Bitcoin In April, Now Holds 214,400 BTC

MicroStrategy now holds 214,400 bitcoins at an average purchase price of $35,180 per BTC.

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DL News • Apr 29, 24

These four experts say they’re bullish amid Bitcoin ETF inflow lull: Finance giants ‘slowly wading in’

Bitcoin ETFs have suffered net outflows for the third week in a row, but investors have no reason to worry, ETF experts say.

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CoinDesk • Apr 29, 24

Samourai Wallet Co-Founder Keonne Rodriguez Pleads Not Guilty, Released on $1M Bond

NEW YORK — Samourai Wallet co-founder Keonne Rodriguez pleaded not guilty to two criminal charges tied to creating and marketing the privacy-focused bitcoin wallet application and mixing service in a Manhattan courtroom on Monday.

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CUDOS is on the decline this week.

The price of CUDOS has decreased by 0.20% in the last hour and decreased by 3.78% in the past 24 hours. CUDOS’s price has also fallen by 4.06% in the past week. The current price is CA$0.0231 per CUDOS with a 24-hour trading volume of CA$779.11K. Currently, CUDOS is valued at 86.63% below its all time high of CA$0.17. 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 CAD 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 CA$134.88M. 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 CA$0.17. 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 CA$779.11K.

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.