CUDOS

CUDOS is a decentralised compute network that will provide multiple blockchain ecosystems with the following benefits:

• Trusted layer 2 validator network built on the Tendermint protocol
• EVM and Wasm compatibility, in order for smart contracts to be deployed on CUDOS using Solidity or next-generation languages so long as they compile to WebAssembly. I.e. Golang, Rust, Java etc.
• Cross-chain or Horizontal interoperability thanks to the network’s Inter Blockchain Communication (IBC) integration, which allows for Cudos Network smart contracts to run on multiple networks.
• 10x lower transaction and gas costs compared to those on PoW networks
• A massively scalable network to facilitate more sophisticated smart contract operations
• Higher performance with anywhere between 200 to 500 Peak TPS on the network
• Access to a globally distributed layer 3 network of secure cloud, and compute, resources
• Turing complete solutions for non-turing complete Layer 1 blockchain networks

The CUDOS token serves the following clear purposes: Network governance and operations, a staking mechanism for receiving blockchain and cloud workloads and as a medium of exchange (MoE).