We are pleased to announce our next AMA on July 12th 2021 at 01:00 PM UTC Time: Satoshi Club x Cudos
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Cudos Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Cudos Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Cudos
For more details:
Cudos Website – cudos.org
Cudos Telegram – @cudostelegram
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
CUDOS is bridging the gap between the blockchain world and traditional cloud.How will doing so enable scalability and flexibility of traditional cloud with the decentralized and trust-less nature of blockchain?In centralized cloud computing like AWS, Microsoft Azures,Google Cloud etc they are very expensive resources and one has to pay a premium,they sometimes have security and trust issues.Will Cudos enable this traditional cloud computing to scale on its network?And what will be the function of API’s during computing?
In your Technical paper,it is stated that Cudos reputation is a tier system ranking different suppliers by popularity and work history and that consumers entry level are tier 0.Can you please tell us more about this Reputation system?How can a supplier entry increases and how is this suppliers reputation calculated?Is KYC process included in this reputation?
First of all, I must congratulations for the successful implementation of the Cudos’ Private Testnet, “Cognitum”. My question is about the current public testnet which is the “Somniorum”. Can you share us any updates of this testnet, how is it going and what can we expect after its successful implementation? Also, can you tell us your preparations for the anticipated upcoming of Ingenii Mainnet?
To develop and deploy DApps uinder Cudos, one must first have knowledge on either Rust or Solidity. It is peculiar to see a project that interacts with Rust programming language because most of them sticks to the traditional Solidity. For Cudos, why did you include the Rust programming language to be part of your DApp development requirements. What are its advantages and upper hands among other programming languages?
I saw the Mission Statement of your project through your website. It says that Cudos is founded way back in 2017. We all know that NFT minting only became popular recently. May I ask, during the project’s early days and development, did you already have the idea of including the minting of NFT’s in your platform or does this idea of NFT only occured to you recently too?
As you mentioned, CUDOS provide to the NFTs fans to deploy their NFTs to the CUDOS mainnet or create own their NFTs & digital assets. What will be the security condition of CUDOS mainnet after create & Mint NFTs? Can hackers attack to steal source of Data within NFTs? What about the ownership history & Copy right issue of NFTs? Can users experiment their NFTs with Congitum Test net? But CUDOS solution is greener, more cost efficient Scalable Compute Network. So what about the CO2 emission, caused by NFTs & other computational systems? Will you care about this matter also after launching CUDOS mainnet?
I saw in a medium article, CUDOS Labs has been published the updates about the Congitum testnet on 08th of July 2021. Can you give us a sneak peek about currently progress & Upcoming updates or improvements on Congitum Testnet? Currently CUDOS consists with 50000 nodes, spreading in throughout 145 countries. So Congitum Testnet seems to be a success one. How will you get involved & contribute this success, you vested towards the Launch of CUDOS mainnet as a globalized network, operated actively in every country/region?
Users can aquire rewards being a CUDOS validator which means of buying or Running an approved CUDOS validator Server. So can anyone become a validator without any technical knowledge about consensus mechanism such as PoS, PoA, PoW etc.? Which benefits will CUDOS validators vest rather than other blockchain validators? And also we can earn rewards by staking $CUDOS. Can you tell me the minimum amount of $CUDOS that I should hold or stake to receive rewards? Will there be automatic method to send staking rewards from a portion of transaction fees in CUDOS platform?
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The environmental impact from cryptocurrency specially from mining is the most important factor to be concerned .Also,
The Cudo ecosystem already boasts 60,000+ globally distributed nodes, utilizing both unutilized cloud server and PC environments, and renewable energy powered mining farms….
But,
When I researched about CUDOS,I found,
The Cudos Network will give access to” green cloud computing power.”..THANKS to think more about environmental impact with cudos ..
Please tell us ,
How do you give access to green cloud computing power to blockchain space ?what are the measures you have taken so far to minimize environmental impact ? How does your partnerships help to achieve this goal ?
There is a huge gap between Blockchain and the data cloud, some platforms have tried to implement solutions through different computer networks to solve this problem, but, How Cudos manages to reduce this huge gap between both areas and how computing plays a fundamental role in this?
There are a number of computer resources that need to be explored and analyzed in the daily work of the world. Cudos has the slogan “Allow a more efficient use of the world’s computer resources”. What examples of efficient use can we use through the services Cudos and what benefit does this bring in terms of decentralization?
I have seen that there are some very promising smart contracts in the field of informatics and computing, but they are developed with structures that prevent scalability, you recommend the use of Rust or Solidity, it is possible to enable DeFi and dApps in Cudos while the smart contracts obtain great scalability?
There is a scale mentioned on the Cudos website related to the topic of “Layer 2 calculation”, according to what I understand this is related to the construction of bridges in blockchain computing, but this seems a bit complex to me. Are these blockchain computing bridges built and what is Layer 2 Calculus?
Some users want to provision different types of WASM workloads in decentralized clouds, but not all of these clouds are trained or built to do this. How do you provision a container or virtual machine to one of Cudos’ distributed networks? How difficult is it to do this?
I have read that Cudos offers very large distributed networks and that some of them have more than 300,000 users, those are many people for a distributed network. How is it possible to build this network and make it so popular? What should a network have to get so much acceptance and how did I implement this?
Some computer networks want to implement the use of scalable applications, but this idea is held back many times due to the established transaction cost. How long does Cudos take to complete transactions and How do they create access for scalable applications without resorting to high transaction fees?
There is an area on the Cudos website that is designed for the creation of assets and NFT, when it comes to creating custom tokens we are entering a somewhat extensive topic, how can a token be customized within Cudos? How does asset digitization work? What implementations can we make when creating an NFT within Cudos?
Cudos offers an on-chain and off-chain data service, but some users are a bit picky about this and want to implement their own data services on the network, Cudos allows users to use their own data services on the Cudos network or These users should only use Cudo’s oracles?
Cloud computing generally depends on many servers for its operation, taking into account that the greater the user registry, the number of servers must also increase. When do you have a good number of Servers for your cloud computing? When do you periodically increase your number of servers?
There are some entrepreneurs who have adopted the idea that distributed computing is the bridge for the massive adoption of these emerging technologies, Cudos is within this market, As Cudos faces the concept that billions of millions are added to the network every day of electronic devices that are scattered around the world and what can distributed computing do about this?
There is a list of validator servers belonging to Cudos that you can buy and run, but there is not much information about how these servers are purchased, how are these validator servers bought and run, and how does the computing workload betting system work?
Gaming industry is huge. There are millions of game console owners in US and millions of them are being shipped worldwide. How will Cudos use this numbers? What steps will Cudos take to get the Gamers’ attention and add Gamers to Cudos ecosystem?
In your whitepaper you summarized cloud system of Cudos under Cloud, Fog and Grid. Can you please explain how all these are working? What benefits do Cudos and as also users have in this system? Does this effect the safety and speed of Cudos?
There are already some cloud projects in the market which offer different features. What side of Cudos cloud make it different and unique when you compare it with them? Security, speed and accessibility are the main offers but there are as well physical limits. Do Cudos have a solution to extend these limits?
Cudos is a cross-chain decentralized compute network being designed to power Web 3.0.What are the Unique Feature of Cudos in powering other blockchain that is different from other decentralized compute network?What is the User Centric of Cudos to support or power Web 3.0?How will Cudos power other blockchains and scale to the demands of cloud computing requirement today?In a short sentence how will Cudos change the lives of those who wants to invest in your platform.
CUDOS adopts an additional AMD security layer that offers two main security features: Secure Memory Encryption (SME) and Secure Encrypted Virtualization (SEV). The SEV-ES feature provides an additional layer of encryption and encrypts all the contents of the CPU registry when a virtual machine stops running, in short it provides better capabilities to encrypt and protect data in a virtualized environment. So, I would like you to explain to me how you can adapt this function to CUDOS. How can you take advantage of this technological advance to implement it in the CUDOS network?
Cudo compute suppliers include any entity in possession of underutilized computing assets. This encompasses a broad range of hardware including but not limited to cryptocurrency miners, servers, gaming PCs, standard PCs and laptop computers, games consoles, loT devices and mobile devices. Cudo compute’s compatibility with such a wide range of devices means that anyone can participate and become a supplier. The truth, I am a bit confused about this issue, anyone in the world can become a supplier of CUDO? What could be the income of the suppliers? How can users become a supplier? Can you explain a little about this?
The CUDOS token also utilizes a staking/slashing mechanism, where in order to qualify a given compute job, the supplier must have staked CUDOS tokens. Can you give us more details about this mechanism? How does it work and what is the process of operation? What do you achieve by using this mechanism in the CUDOS token?
The Cudos platform is a decentralized computing ecosystem that currently supports Cryptocurrency mining workloads. Could you give us an analysis of the expansion, objective and importance of validators for the structure of the network, in blockchain?
How does Cudos proceed in the Blockchain network? What are your advantages and disadvantages? It’s practical?
Cudos Network, would guarantee an efficient DeFi access and free of restrictions to the high entrepreneurship of computing? How safe and reliable would this access be?
This project Cudos, to meet your expectations? What strategy do you implement to get a massive large number of users for the implementation of your list of validators?
On your website you say that one of CUDOS platform benefits, it’s that the ‘Environment Wins’ because you would be making better use of the great numbers of underutilized hardware. However, all crypto-related procedures, whether it be blockchains and nodes, or money-making cases like farming and staking, are extremely harmful to the environment. So, how is making use of idle IT hardware for crypto, more beneficial to the environment? Why did you decide to market your project like this? What are the exact methods you use to make your platform more eco-friendly, if it is, and why haven’t we seen this method adopted to all crypto protocols?
The security is the top tier that all projects must guarantee, so I heard that you use the tendermint, so can you explain us how much “shelled” are you? Also cudos have any audit control related to your Smart Contracts?
⚛ Cudos built ” Cudo ” a 3 layer chain, so can you explain us the most relevant features of this chain? Also which perspective do you want to get launching this chain? Will it be a good place to developers ?
I just got curious by the fact that Cudos doesn’t need a burning mechanism, that very interesting, because right now is the most popular strategy to create more demand, so can you explain us which other strategies do you have to increase your token value?
Apart of be mainly used in a desktop version, has Cudos planned or study the possibility of a mobile application ?
Today there are too many projects, with different approaches, so could you tell us, what is the value proposition of CUDOS, what solutions does it bring to the cryptographic community, what innovative features make it a project with a future and with respect to the fierce competition that exists, how can you demonstrate that your proposals, features and solutions are sufficient to position you among the first projects most adopted today and in the future by the cryptographic community?
in your web site you mention, the CUDOS Validators and indicate us that as users, we can BUY or RUN an approved CUDOS validator server, which will give us a series of benefits, could you please expand a little more the information related to these Validators, how useful are they within the CUDOS network, what should we do to activate this service and how often should it be renewed?
CUDOS Wallet is compatible with what sorts of wallets? Is approved KYC required in order to perform transactions in the Wallet?
As far as I am aware, the first passive option to make money on the CUDOS network will be as a validator. Is there another way to generate money using CUDO? How can one become a validator?
We are all aware of it. The majority of projects have a slew of internal risk and security policies in place. Can you tell us about the security features of CUDO? Is it possible that CUDO will be centralized, or is this project entirely decentralized?
Regarding the CUDOS Competition. How does your project compare to competitors such as Dfinity and ANKR? Is there a difference between them?
Cudo’s Compute platform is said to be much more efficient than the traditional computing. Does Cudos want to preserve the traditional way of computing and revolutionize it by applying modern technology? In terms of efficacy and accuracy, why do you think we should prefer Cudo Compute rather than seeking a traditional compute? How are you more advantaged than the traditional one?
Cudo Compute is flexible on many fields such as AI and machine learning, Medical research, Computer Aided Engineering, Video streaming, Video production, etc. and is widely used in over 140+ countries. Since most of the fields seems to be a serious case and accurate statistics shall be needed, how can your clients ensure the accuracy of Cudo Compute? If ever computations went wrong, will Cudo Compute offer any insurance and will take accountable? How can we trust Cudos?
Security can be a very crucial thing when a business is finding a good and efficient service. Cudo Compute offers 5 tiers of security where workloads are processed in separate containers to guarantee privacy. Can we know what this 5 tiers are consist of and how these layers of security helps in guaranteeing a quality and secure service? How much does a business have to pay to avail this and where is it available?
If your objective is really “Allow a more efficient use of the world’s computing resources”, could you tell us what are the problems and causes that limit the efficient use of computing resources today? And how can these be solved only with Cudos?
I understand that with Cudos users can create their NFT collectibles, but do they really have to be with specific characteristics and themes or be linked to a fungible tokens created by the same user? or can they really be freely created?
I understand that the Cudos network completes transactions in seconds and with low fees, but could you really describe the comparison that Cudos will have with respect to other networks such as BSC or Solana that transactions are extremely low and account very quickly?
It caught my attention that they mentioned that Cudos has a “Carbon Neutral Blockchain”, but is this a new type of blockchain? or is it really an update of the blockchain we know today? Also could you describe a little of the characteristics that compose it?
You mention that the Cudos Network computing platform already lives in more than 145 countries and offers clients up to 10 times more profitable computing, but if it really has great adoption, could you tell us which projects and companies already use Cudos and support their project?
Really, simply by owning Cudos hardware, will you be able to make a profit? If so, how can we really get your hardware, and how much will it cost us?
I could read that in your roadmap in Q4 of this year, the migration of native tokens from ERC-20 to Cudos will begin, but really any tokens from that network will be able to perform that migration? If so, then any Cudos tokens can be converted to ERC20 tokens?
I could read that Cudos Labs recently made an update, could you tell us a little about what were the modifications they made in their program and how this will improve its operation?
An important part of the Cudos ecosystem is the Cudos Treasury, which is best described as a pot of tokens used to incentivize the network and help it grow. With performing such functions, what type of tokens can be stored up in the Cudos treasury, are they limited to only $CUDOS, and for how long would these tokens remain stored? With the Cudos treasury having two main sources of income; from 20% transaction fees and also from penalty fees as a result of malicious acts, would such treasury revenue generation model be adequate enough to cater for the underlining functions, would Cudos consider the possibility of improving on the treasury’s income sources, and what are various ways by which these tokens can be used an incentivizing tool?
I noticed in your roadmap, specifically in your Q3, that you plan to launch the Cudos scholarship program, could you please tell us about this topic, what are these scholarships about, who are they for, how will be the selection process of the lucky scholarship recipients?
according to your website, The Cudos Network is a layer 2 Oracle network, so I would like to know, how many projects are currently using your services, how many users do you currently have, what strategies have you designed to increase these numbers and if you can detail a little, your most outstanding products and how these manage to be a good investment now and in the long term?
The Cudos network, over the course of it’s development would operate a marketplace for DApps which would be used by any developer requesting work through the Cudos smart contract. It is also stated that Cudos will allow developers publish their DApps on it’s network. Even as these services and marketplace are highly commendable, are there specific usecases and genres to the type of DApps available in the Cudos Marketplace, and since Cudos integrates only with Ethereum and Algorand 1st layer networks, wouldn’t this limit the number and type of developers willing to publish their DApps on your network, and how can these developers earn a tangible revenue from their published DApps?
One of Cudo Compute’s great benefits is that it contributes to a greener and more sustainable cloud computing ecosystem since 53% of the global carbon emission happens even before cloud servers are powered and Cudo Compute helps on reducing it. Recently, Cudo announced partnership with Climate Trade. How do this partnership mitigate ways on helping Cudos achieve Carbon Neutral Blockchain? Will you have more eco-friendly partnerships like this in the future?
You have introduced CUDOS as a ERC-20 token. According to your roadmap, until the native token migration in Q4, it will not be expanded to any other chains. What is the reason for that? What are the advantages of using Ethereum chain and ERC-20 standard? Did you pay attention to the issues regarding this type? Mainly, approve + transferFrom mechanism in ERC-20 standard is insecure and may cause huge financial losses. If you want to use Ethereum chain, you should have chosen token standards such as ERC-223 and ERC-777 which solve the above problem. Do you have a proper mechanism to avoid this kind of issues with ERC-20 standard?
According to the Whitepaper, 33.78% of the total supply was reserved and these tokens will be utilized to provide additional funds for administration, operations, marketing and research and development or any other spend if needed. However, from the funds raised from the CUDOS token sale, 10% is allocated for administration, 30% for research and development and 20% for marketing. Then why do you reserve a large portion as 33.78% for the same purpose? How long will you reserve? If a need does not arise, what will happen to this reserved funds? Are you going to burn them?
You have indicated that staking can be done for two purposes, namely, to receive discounts in fees and to qualify for jobs. In addition to these main advantages, do you provide any rewars for staking CUDOS? Do we get higher rewards for staking for longer time periods? Where can we see a detailed explanation on your staking opportunities and rewarding percentages?
The market today has a lot of projects developed on the Blockchain platform. One of the factors that makes this platform so attractive to many users is its distinctive features. So what are the outstanding features and advantages of Cudos to attract users and investors?
How will you make computing more sustainable & accessible?
How fast is Cudos Network?
Cudos was founded in 2017 by serial tech entrepreneur Matt Hawkins, Cudo’s highly experienced team of entrepreneurs, engineers, data scientists and strategists, are joined by world-class advisors including the Ex-President of Sony Playstation, Chris Deering and the Director of Blockchain at AMD, Jörg Roskowetz, with Cudos mission is to “Make Better Use of the World’s Computing Power.”So,as you just been founded last 2017 can you tell some of the major milestone that highlights the development of your platform? With the combination of an experienced team of entrepreneurs, engineers, data scientists and strategists,how does this team experience helps to innovate and develop Cudos? Your mission that to make better use of the world’s computing power was being set as you begin your platform last 2017,so as you are almost 4 years in the market,do you think Cudos mission is already realized? Basically,how did Cudos helps to make a better use of the world’s computing power? Thank you
On your Roadmap for this 3rd quarter of 2021, you set to launch Cudos Grants Program. So,can you explain more about this Grant Program of your platform? How will this Grant Program be implemented and applied in Cudos? Who would be the beneficiary of this Grant Program? What will be the purpose of Cudos Grants Program? What advantages that this Grant Program will bring to entire Cudos network and to your community and investors? Thank you
Hi Cudos!
Kudos for the successful launch of the Cudos’ Cognitum private testnet! I also read that you have another testnet – a public one called Somniorum. Why have you decided to launch several testnets, what are the features that cannot be implemented and tested on a single testnet instance? Will you have an open call for testers and potentially rewards or allocations giveaway for active testnet contributors? Thank you!
Hi Cudos!
Cudos makes a point of being a carbon neutral blockchain. Can you tell us how exactly you plan to achieve carbon neutrality? It is clear that the environmental impact is a very important consideration! However with a large number Cudo’s distributed nodes (I read there are already more than 60k of the nodes..) energy and resources consumption to create and operate the nodes must be substantial.
Do you plan to use 100% renewable sources for energy generations? Can you tell us if you already have any green partnerships in sights to promote this initiative? Thank you!
Hi Cudos!
I’d like to learn more about the CUDOS foundation! It aims to support developers who are willing to contribute to the development of blockchain technologies by developing improvements and applications for the CUDOS network. This is a great initiative but I am sure there will be some bad actors posing as developers hunting for the money. How will CUDOS review and filter all the applications and pick the candidates who will receive funding? Will there be a preference to certain fields where applicants are more likely to get a grant, such hot area as DeFi comes to mind. Thank you!
I read Cudos have mining system inside your platform name with CudoMiner which allow to mine BTC, RVC, ETH and XMR. How will your mining system mechanism work ? And Can you give the detail about what are the preparation that must do for new user if they want to mining in CudoMiner?
So this is 2nd ama with Satoshi Club and from last ama Cudos have plan to doing AMD rebranding for your technology and ultra integrating Cudos compute engine, can you tell me how is the plan proggress? What are the benefits for your user?
Last time i want to participate in Cudos private distribution but its already too late, so could you give us info where Cudos will listing, is there any other private round in the future? And how do i possible to get Cudos for now? Any airdrop event for Cudos?
I read about the gavernance and the voting of the CUDOS, please clarify some more information about the importance of the gavernance and the voting? You provide the Layer 2 oracle compute network on the CUDOS, please exexplain more details about that?
According to your roadmap Q1, you are goin to list some tokens so what are the tokens that you wish to list on the CUDOS? Could you please explain more details about the V1 Data Oracle and V1 Compute Oracle? What are the benifits this offer to users?
As a crypto related platform, why should people choose this platform? How do you secure and maintains reliability of the current users? By compareing with the other platforms, what are the benifits that you provide for the users?
Cudos Labs’ most recent update is about the Cognitum Testnet. Can you tell us more about the development phase’s progress? What staking features does Cognitum provide? Could you please elaborate on the benefits of the most recent update–Cognitum Testnet?
How fast can be the transactions in CUDOS, or operations like for example to access to a personal storage cloud and recover some info? Is the interface easy to use?
There are other decentralized blockchain related store clouds like Akash and Rivex, that focus on a decentralized, secure and much cheaper storage service that the one offered by centralized pairs like Google cloud. Having this same vision, how can the storage system of CUDOS enhance it, and referring to the price how can you compete with huge companies like Dropbox and Google?
The Applications of Compute
Cloud computing already uses around 20 million servers, and this number is rapidly increasing. What is the amount of servers CUDOS aim to have globally, and when is it expected to be a reality?
Is Cudos rival of Theta? If yes, do you think can Cudos overthrow Theta?
Why I can’t see Playstation as a partner on Cudos website ?
CUDOS, if I understand correctly, is a decentralized cloud computing network for private and public users. Is CUDOS limited to CPU functionality or does it support both CPU and GPU? Do you have tracker on how much is the number of servers that utilizes cloud computing? Also, is it possible to run Cudos nodes on mobile devices in the future in addition to computers?
What is the question marks in your mind about Cudos?