Beginnings of sustainable and connected world apparent in scalable compute network mainnet launch

cointelegraph.com:

Blockchain holds significant promise for avid cryptocurrency investors and the world at large. Unfortunately, the keyword in this phrase is “promising.” Upon an initial industry inspection, high computing costs are among the apparent barriers before the technology is ready for prominent, real-world applications.

Addressing this concern then comes down to lowering the cost of processing power to be affordable for the average user. If this wasn’t already challenging in itself, problems in processing costs only become more prevalent with the rising interest in nonfungible tokens (NFTs) and the surrounding metaverse. Experts from Intel suggest a 1,000x increase in power will be needed ahead of currency capacity.

In part, these high costs can be attributed to the monopolization of cloud computing providers, which as the laws of economics would have it, limit competition, which keeps prices affordable in a healthy market. Of course, monopolization from centralized providers also presents additional concerns when entire industries become more reliant on their services. For these reasons, plausible solutions must consider the factor of decentralization.

Cudo Compute is emerging as a solution specifically targeted to fill this gap as a scalable compute network. The answer will effectively power the metaverse, combining gaming experiences, NFTs and (decentralized finance) DeFi so an average user can benefit from the benefits of decentralized Web 3.0.

In response to the quickly changing ecosystem, the team behind Cudos has since announced the completion of their Phase 4 Testnet, the launch of mainnet in late February and progress against the final stages of their token migration from ERC-20 to its native chain.

Matt Hawkins, the founder