BUILDING WEB3 INFRASTRUCTURE & THE ROLE OF CUDOS BLOCKCHAIN
One primary message resonates through all Web3 narratives: decentralization. Web3 is pushing for a more transparent, decentralized internet and Cudos is among the visionary projects facilitating mass adoption of this brilliant innovation.
I’ve always found the backstory of Web3 intriguing. What we know and enjoy today as Web3 started as Web1 in an era that processed read-only data. The reign of the World Wide Web was short-lived however due to the unsustainability of utilizing internet protocols for server-to-server interaction.
This paved way for the deployment of infrastructure that birthed Web2. Revamping the internet plus the massive growth of Web2 brought about tons of content and data saturating the Web2 space.
In no time, over-dependency on centralized structures provided tech moneybags with inroads to monopolize Web2. Innovative ideas did not emerge for a long time after this.
Notwithstanding, Web3 is here to stay. And Cudos is contributing to the explosion of Web3. How is Cudos making this happen? This layer 1 blockchain is tackling the shortcomings of sister blockchains through decentralization perks such as:
⦁ Privacy
⦁ Scaling
⦁ Trustlessness etc.
What does Cudos’ approach do? It further strengthens the mass adoption of Web3. Another ace up the sleeve of Cudos blockchain is a set of strategic partnerships forged to accelerate the objectives of Web3.
Tingo and MELD are facilitating Cudos’ financial exclusivity agenda for Web3. As stated in the introduction of this piece, Web3 is well known for being trustless, open, and permissionless. In finance, this transparency means that it is capable of enabling trustless financial services for users.
Cudos has taken advantage of its blockchain power by joining forces with Tingo to impact over 10 million Nigerians in a partnership that financially empowers Nigerians from all walks of life.
This genius move has made Cudos the first blockchain to utilize smart contracts in connecting users to scalable computing. And there’s more, Nigerians also have access to Cudos’ decentralized computing network.
Any blockchain enthusiast with an active interest in DeFi will attest to the fact that DeFi is going to be a vital part of Web3 for a long time. This is all thanks to the ability of DeFi to bypass traditional institutions.
With this in mind, Cudos is collaborating with MELD, a DeFi protocol that will help Cudos provide efficient financial services to users. How will Cudos make this happen? Through a MELDapp wallet that will be integrated into the crypto mining infrastructure of the Cudos blockchain. This app will come with a simple mobile and web-friendly interface for an enjoyable experience for users.
Cudos’ second and main partnership is with Cosmos. This collaboration will achieve cross-chain interoperability. And the mechanism is simple. Cosmos is the foundation of the Cudos blockchain and its function is to allow token, NFT, data, and asset transfer from one blockchain to the other through an Inter-Blockchain Communication protocol.
Cudos is all about cutting down entry barriers, allowing developers to build dApps on Cudos. By setting up shop with Cosmos, Cudos has become the first network to support NFTs on a Cosmos chain. Another win for this visionary blockchain.
Finally, on partnerships, Cudos is facilitating Web3 gaming rewards with AMD and GOATi. This partnership is the synchronization of GOATi’s gaming ecosystem with the Cudos monetization app. This synchrony allows users to earn rewards. And it gets better. Rewards can be redeemed in the in-game GOATi store and this partnership is supported by hardware giant, AMD.
Cudos is going hard in their Web3 initiatives and these partnerships are just the beginner.Hence the priority on the development of the Cudos Compute platform.
No web is truly decentralized if it operates on a highly centralized cloud infrastructure. A decentralized app on a centralized infrastructure makes no sense and solves zero problems.
The core pillar of Web3 is centralized cloud computing and this cannot be achieved if dApps don’t run on a centralized cloud infrastructure distributed to lots of people. And with Cudos Compute, users can earn for sharing their computer every time they lend their extra hardware.
Learn more :
Website : https://www.cudos.org/
Cudos Whitepaper : https://www.cudos.org/wp-content/uploads/2021/11/cudos-white-paper.pdf
Telegram : https://t.me/cudostelegram
Twitter : https://twitter.com/CUDOS_
Linkedin : https://www.linkedin.com/company/cudos1/
Youtube : https://www.youtube.com/channel/UCbS48Q09D5xMDCVX0T_OeCw
Medium : https://medium.com/cudos
