We were delighted to welcome our guest from Cudos. The AMA took place on July 12th, 2021 and our guest was @blockmatt .<\/p>\n\n\n\n
The total reward pool was 500$ and\nwas divided into three parts. In this AMA Recap we will try to summarize some\nof the most interesting points for you.<\/p>\n\n\n\n
Gold\nRocket | Satoshi Club: <\/strong>Hello, dear Satoshi Club community! We are\npleased to announce AMA with our good friends from Cudos.❤️<\/p>\n\n\n\n Paul\nMont | Satoshi Club: <\/strong>Today\u2019s guest is @blockmatt! Welcome! Great to have\nyou here! 😁<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>Hey there! It’s great to be here😊<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>thanks for having me!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Hello and welcome to Satoshi Club, @blockmatt!😊<\/p>\n\n\n\n Paul\nMont | Satoshi Club: <\/strong>The pleasure and honor is all ours 😉<\/p>\n\n\n\n Paul\nMont | Satoshi Club: <\/strong>How are you today? 😁<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>I’m doing great today (especially as i’m and\nEngland football fan haha)<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>a lot of time has passed since our last\nmeeting with Cudos team in January. 😁<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>Yes we’ve made a lot of great progress since\nthen<\/p>\n\n\n\n Paul\nMont | Satoshi Club: <\/strong>And we’re darn eager to know more 😉<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>Brilliant!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>it was amazing soccer ⚽️. we can\ncongratulate Paolo. he is from Italy😁😍<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>Haha congratulations Paolo!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>So let’s follow the protocol 😉<\/p>\n\n\n\n Paul\nMont | Satoshi Club: <\/strong>Yes, honestly it could have gone either way in many\nsituations. I think England could have ended being the winning team in many\noccasions, really 😉<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Let’s start!<\/p>\n\n\n\n Introduce yourself please. How did you get to be involved in crypto &\nCudos?<\/p>\n\n\n\n Tell us please about your position in Cudos?@blockmatt<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>Sure<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>Hi evereyon I’m Matt Hawkins, CEO and founder\nof Cudos.<\/p>\n\n\n\n My background is having previously built tech and internet businesses\nsince the late 90s and inception of the internet. My last business I previously\nbuilt was called C4L which was one of the UK\u2019s largest cloud and data centre\nproviders. We ended up providing 1% of the UK\u2019s infrastructure and had a global\nbackbone providing connectivity around the world. We ended up being the UK\u2019s\ndata centre largest marketplace.<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>Our aim has been to build a global compute\nnetwork which powers blockchain and traditional computing. By using the spare\ncomputing that is available in the world of over 500 million suitable and\nunderutilised devices to create a greener cloud computing that exists today.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>In fact, \u0421udos is one of those amazing\nprojects that we love very much at Satoshi Club.❤️<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>That’s fantastic, we love working with you\nguys as you have one of the best communities in crypto!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thanks for your kind words🤗<\/p>\n\n\n\n Paul\nMont | Satoshi Club: <\/strong>We know that the actualy cloud computing panorama is\nvastly inefficient and Cudos aims to change that 🙂<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>Absolutely!<\/p>\n\n\n\n Paul\nMont | Satoshi Club: <\/strong>I’d love you to comment on that – and since the very\nfirst question from our community is right onto the topic, I’d say let’s get on\nwith it, shall we? 😉<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Well! You make really good intro! 👏<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thanks 👍<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>Thanks! 😊<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>We will have a question selected for the Part\n1. Ready to start?<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>Yes I’m ready😊<\/p>\n\n\n\n Q1 from Telegram User @orlemys<\/em><\/strong><\/p>\n\n\n\n On your website you say that one of CUDOS platform\nbenefits, it\u2019s that the \u2018Environment Wins\u2019 because you would be making better\nuse of the great numbers of underutilized hardware. However, all crypto-related\nprocedures, whether it be blockchains and nodes, or money-making cases like\nfarming and staking, are extremely harmful to the environment. So, how is\nmaking use of idle IT hardware for crypto, more beneficial to the environment?\nWhy did you decide to market your project like this? What are the exact methods\nyou use to make your platform more eco-friendly, if it is, and why haven\u2019t we\nseen this method adopted to all crypto protocols?<\/em><\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>Great question!<\/p>\n\n\n\n Firstly by using underutilised hardware we can reduce the carbon footprint of the cloud industry\ndramatically! These underutilised machines are currently running everyday all\naccross the world contributing to CO2 emmisions without adding any value to the\nworld. By using this hardware, not only does it reduce the need for additional\nhardware to be produced it also contributes towards a more efficient ecosystem.<\/p>\n\n\n\n As well as that our network will be a proof of stake network, which cuts\nour carbon footprint by a large amount in comparison with proof of work\nnetworks.<\/p>\n\n\n\n We’ve also recently partnered with ClimateTrade who will be supporting us\nin our mission to become a carbon neutral blockchain, which you can find more\non here:\nhttps:\/\/finance.yahoo.com\/news\/cudos-partner-climatetrade-become-carbon-123000249.html<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>This is a very good partnership. I know you\nhave a lot of influential partners. Want to share with us?<\/p>\n\n\n\n Paul\nMont | Satoshi Club: <\/strong>This is not only a desirable improvement, instead it\nis a necessary change. The world’s moving towards eco-sustainability. Really,\nCUDOS to you guys! 👏👏👏<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>\u0421udos is green! 👍<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>Thanks guys!<\/p>\n\n\n\n We have many great partners and advisors, including, AMD,Algorand,\nAnimoca Brands, Ultra, Outlier Ventures and many more!<\/p>\n\n\n\n We are a key partner of AMD , the chip provider. Our software is running their blockchain partnerships, also we are\nreleasing in a few weeks and AMD branded version of our software enabling\nanyone to monetise their hardware. We\nget access to their entire community. We\nwork closely with their R&D team. We\nare bringing out an enterprise version of the software later in the year\nenabling their enterprise clients to use our network.<\/p>\n\n\n\n We also have great advisors like Chris Deering the former CEO of Sony\nPlaystation, helping us to expand the world of distributed computing across as\nmany hardware types as possible.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>It’s really amazing🔥🔥🔥<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thanks for your answers! Ready to proceed to\nthe next question?<\/p>\n\n\n\n Paul\nMont | Satoshi Club: <\/strong>I’m indeed impressed by the long list of quality\npartnerships and reputable backers behind the project. Amazing is the right\nword! 🚀🔥🔝<\/p>\n\n\n\n Q2 from Telegram User @victorogb<\/em><\/strong><\/p>\n\n\n\n The Cudos network, over the course of it\u2019s\ndevelopment would operate a marketplace for DApps which would be used by any\ndeveloper requesting work through the Cudos smart contract. It is also stated\nthat Cudos will allow developers publish their DApps on it\u2019s network. Even as\nthese services and marketplace are highly commendable, are there specific\nusecases and genres to the type of DApps available in the Cudos Marketplace,\nand since Cudos integrates only with Ethereum and Algorand 1st layer networks,\nwouldn\u2019t this limit the number and type of developers willing to publish their\nDApps on your network, and how can these developers earn a tangible revenue\nfrom their published DApps?<\/em><\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>Cudos is built using the Cosmos SDK and\nTendermint architecture. This not only provides speed to market due to the well\nestablished building blocks available, but it also provides us with a protocol\nproviding governance over the network. In future releases we absolutely want\nour community to be able to vote on key decisions and also network\nhealthiness… i.e. validators can be voted in and out based on performance, to\nensure the network is always at it’s strongest. <\/p>\n\n\n\n Cudos itself is a network for developers to build on as you mentioned,\nand it will become a blockchain for new projects to launch on (token). Using\nthe Tendermint architecture, there are a number of modules including NFT,\noracles, governance, etc that we will support. <\/p>\n\n\n\n So for NFT’s specifically, whilst our network supports NFT issuance and\nwe are bridging to Ethereum to support the ERC 771 token format, the creation\nof NFTs or the developers of NFT marketplaces will be users of the network\nrather than ourselves. Our focus is on building the foundation and providing\nthe tools for these developers\/consumers. <\/p>\n\n\n\n Liquidity is of course important for a network to succeed with use case\nlike NFTs. We are therefore working with a number of exciting projects and\nplatforms that already have an NFT user base. Whilst I cannot share details\nyet, the use cases stretch across entertainment and sports.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thanks for great answer!<\/p>\n\n\n\n Paul\nMont | Satoshi Club: <\/strong>Yes, very in-depth, thank you very much!<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>No problem😊<\/p>\n\n\n\n Paul\nMont | Satoshi Club: <\/strong>By the way, will there a pre-determined service\npricing to enjoy Cudos services?<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Everything is clear to me! if Paolo has no\nadditional questions, I suggest jumping to the next question😊<\/p>\n\n\n\n Paul\nMont | Satoshi Club: <\/strong>And also, if so, will you accept fiat and crypto as\nwell?<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>We’re still working on the specific details\nbut we will definitely accept crypto!<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>as well as fiat.<\/p>\n\n\n\n Paul\nMont | Satoshi Club: <\/strong>Great! Thank you very much for your answers\n@blockmatt 😉<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>By the way, Paolo and I recently discussed\nthat we would like to have tokens in the crypto portfolio. where can we buy\n$CUDOS 😊<\/p>\n\n\n\n Paul\nMont | Satoshi Club: <\/strong>Yes, that is indeed a very important question, thank\nyou very much Gold 🔥😉<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>That’s great! You can get your hands on CUDOS\ntokens on Uniswap, AscendEX (formerly known as Bitmax), Kucoin and Gate.io<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thanks for sharing😊<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>I suggest moving on to the next question🚀<\/p>\n\n\n\n Paul\nMont | Satoshi Club: <\/strong>Here we go<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>Let’s go<\/p>\n\n\n\n Q3 from Telegram user @Jmagsss<\/em><\/strong><\/p>\n\n\n\n First of all, I must congratulate you for the\nsuccessful implementation of the Cudos\u2019 Private Testnet, \u201cCognitum\u201d. My\nquestion is about the current public testnet which is the \u201cSomniorum\u201d. Can you\nshare with us any updates of this testnet, how is it going and what can we\nexpect after its successful implementation? Also, can you tell us your\npreparations for the anticipated upcoming of “Ingenii” Mainnet?<\/em><\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>Thank you! and great question!<\/p>\n\n\n\n We’ve made a lot of great progress with our testnet, which you can find\nout more about here:\nhttps:\/\/medium.com\/cudos\/cudos-labs-cognitum-testnet-update-08-07-2021-b16f6113e93d<\/p>\n\n\n\n While Ethereum is the first Layer-1 blockchain we plan to interoperate\nduring our Mainnet launch, we plan to expand our compute offering to an ever\nwider array of DLT networks. On the Cudos Network, developers, individuals and\nbusinesses will be able to deploy next generation smart contracts that leverage\nEthereum Virtual Machine (EVM) and Ethereum Web Assembly(eWasm)-based smart\ncontracts with equal security assurances to traditional blockchain networks,\nbut with the added benefits of faster transaction speed, fundamentally lower\ntransaction costs, and the ability to design special purpose workflows that\nextend beyond the current limitations of Solidity as a smart contract design\nlanguage. This includes the pioneering ability to embed high performance\ncompute workflows into the very fabric of the next generation of blockchain\nsmart contracts, unlocking an extensive array of additional use cases.<\/p>\n\n\n\n Paul\nMont | Satoshi Club: <\/strong>Thank you for the detailed answer 🙂<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thanks! It’s really great answer 👍<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>My pleasure🙂<\/p>\n\n\n\n Paul\nMont | Satoshi Club: <\/strong>By the way, are there any bounty programs and\nincentives for Testnet users currently or in store for the near future?<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>Definitely, we’re currently building out the\nincentive structure and we’re working closely with Bugcrowd to develop a bug\nbounty programme to further reinforce the security of our network.<\/p>\n\n\n\n Paul\nMont | Satoshi Club: <\/strong>One more reason to closely follow CUDOS updates 😉<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>Absolutely!<\/p>\n\n\n\n Paul\nMont | Satoshi Club: <\/strong>Thanks again for your answers @blockmatt! Next\nquestion is ready to be answered. Are you ready? 🙂<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>Yes, bring it on!<\/p>\n\n\n\n Q4 from Telegram user @ysasoma<\/em><\/strong><\/p>\n\n\n\n In your web site you mentioned the CUDOS Validators\nand indicated that us, as users, we can BUY or RUN an approved CUDOS validator\nserver, which will give us a series of benefits. Could you please expand a\nlittle more on the information related to these Validators, how useful are they\nwithin the CUDOS network, what should we do to activate this service and how\noften should it be renewed?<\/em><\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>Great question!<\/p>\n\n\n\n The Cudos blockchain\u2019s ability to leverage a strong community of\nvalidators with robust node infrastructure, who in turn assure users of the\nCudos Network a high level of confidence in the various enterprise and\ndeveloper use cases that are subsequently deployed on the network. What makes\nthe Cudos Network stand out from other blockchains is the deep level of\nintegration for high performance compute capacity at the very core of the\nnetwork.Validators, meaning individuals who have financially committed funds\nthrough a process known as staking, notarize, and in fact validate, every\ntransaction proposed onto the network with high availability and trust levels\nthat are assessed in a real-time and predictive manner. The Cudos Network\nrewards the most performant validators with predictable income streams and\nrapidly removes bad actors from its Proof of Stake network in order to assure a\ngreater level of security for all participants. The combination of these\nfactors, incentivise any individual today, from financial investors to\ndata-center or compute infrastructure providers, to interact reliably on the\nCudos network to either buy or sell compute capacity at scale. Validators and\nRewards Validators play a special role in the Cudos Network\u2019s day to day\nworkings. They validate blocks, perform complex security checks on proposed\ntransactions, interact with other stakeholders in various Governance votes that\nensure the network\u2019s security, integrity and viability on an ongoing basis. In\naddition to this, the Cudos Network\u2019s bespoke architecture provides metering\nand high performance compute in a programmatic manner which heavily depends on\nthe network\u2019s validators being highly available, highly performant, and retain\ntheir bona fides as good actors over time.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>The benefits are obvious! 👍<\/p>\n\n\n\n Paul\nMont | Satoshi Club: <\/strong>Wonderful, detailed answer thank you!<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>We think so too!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Thanks for your answers. Ready for the next\nquestion 😉<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>I’m ready🚀<\/p>\n\n\n\n Q5 from Telegram user @Niko518<\/em><\/strong><\/p>\n\n\n\n We are all aware of it. The majority of projects\nhave a slew of internal risk and security policies in place. Can you tell us\nabout the security features of CUDO? Is it possible that CUDO will be\ncentralized, or is this project entirely decentralized or \u201canything\nin-between\u201d?<\/em><\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>Right now we have around 30 reputable and\ntrusted validators spread accross the globe. W aim to have 100 by the end of\nthe year and after that we’ll open up the network to an unlimited amount of\nvalidators, to further decentralise the network.<\/p>\n\n\n\n All of our smart contracts are audited internally and externally by\nCertik and Limechain, and on top of that we will be hosting many bug bounties\nto further enhance the security of our network. Security is a high priority for\nus!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Safety first🙌<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>Exactly!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>You have a great goals 👌👏<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>Thank you🙂<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>I really like that you are ambitious and\nconsistent👏<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Do you want to proceed to the last question of\nthis part?<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong>absolutely<\/p>\n\n\n\n Q6 from Telegram User @andrey_seleznov<\/em><\/strong><\/p>\n\n\n\n Hi Cudos!<\/em><\/p>\n\n\n\n I\u2019d like to learn more about the CUDOS foundation!\nIt aims to support developers who are willing to contribute to the development\nof blockchain technologies by developing improvements and applications for the\nCUDOS network. This is a great initiative but I am sure there will be some bad\nactors posing as developers hunting for the money. How will CUDOS review and\nfilter all the applications and pick the candidates who will receive funding?\nWill there be a preference to certain fields where applicants are more likely\nto get a grant, such hot area as DeFi comes to mind. Thank you!<\/em><\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong><\/p>\n\n\n\n As we’ve partnered with great companies such as AMD, Ultra and Animoca\nBrands NFT’s and gaming is a vertical that will be very popular on our\nplatform, for which there will be several great oppurtunities for developers.\nDefi is definitely a hot area which is very aligned with many of our partners.<\/p>\n\n\n\n We will have support from Limechain and our internal product team when it\ncomes to auditing the network and removing bad actors.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong><\/p>\n\n\n\n You thought it out really well! 😊<\/p>\n\n\n\n Paul\nMont | Satoshi Club: <\/strong><\/p>\n\n\n\n Definitely two of the top and reputable players in the space, great! 😉<\/p>\n\n\n\n Paul\nMont | Satoshi Club: <\/strong><\/p>\n\n\n\n Thank you very much for the clear answers @blockmatt! You\u2019ve been\noutstanding so far! 😉<\/p>\n\n\n\n BlockMatt\n(Will never DM you first): <\/strong><\/p>\n\n\n\n Thank you!<\/p>\n\n\n\n Q1 from Telegram User @sweetdoge<\/em><\/strong><\/p>\n\n\n\n What is Cognitum and how can I test it? Are there any way to join it with metamask and kovan network?<\/em><\/p>\n\n\n\n BlockMatt (Will never DM you first): <\/strong>Cognitum is the first phase of our testnet, there will be metamask intergration once we open it up to the public, keep an eye out for some more news regarding this coming very soon!<\/p>\n\n\n\n Q<\/em><\/strong>2<\/em><\/strong> from Telegram User<\/em><\/strong> @Rakshitx5<\/em><\/strong><\/p>\n\n\n\n Does the Name Cudos mean Kudos?<\/em><\/p>\n\n\n\n BlockMatt (Will never DM you first): <\/strong>Cudo is latin for Coin \/money, Kudos means good essentially, and we want to create good and better use of global computing and enable anyone to earn off their hardware and items they purchase, hence the merging of the 2.<\/p>\n\n\n\n Q<\/em><\/strong>3<\/em><\/strong> from Telegram User<\/em><\/strong> @cryptofollower<\/em><\/strong><\/p>\n\n\n\n Why did you choose AMD as your chip partner and not intel or Nvidia? And are you using cpu or gpu’s?<\/em><\/p>\n\n\n\n BlockMatt (Will never DM you first): <\/strong>AMD are very established in the hardware space and are very forward thinking when it comes to blockchain technology, they even now have a blockchain department, which makes it a very good fit for us. We are also working with AMD to add SEV to the validator network providing an extra layer of encryption.<\/p>\n\n\n\n Q<\/em><\/strong>4<\/em><\/strong> from Telegram User<\/em><\/strong> @nitrogenpower<\/em><\/strong><\/p>\n\n\n\n Is Cudos project built in UK? UK recently blocked Binance. How do you deal with the regulations of United Kingdom?<\/em><\/p>\n\n\n\n BlockMatt (Will never DM you first): <\/strong>This is a great question, we have a great team of industry experts and legal experts that continiously work to ensure that we are compliant and within the parameters set by regulators so we are very confident in termas of where we stand with regulators.<\/p>\n\n\n\nPart 2 \u2014 live questions from\nthe Telegram community <\/strong><\/h2>\n\n\n\n