Global compute network announces mainnet launch to solve fundamental problems with cloud services
The internet continues to exist as the backbone of society at large. The only drawback is that the traditional internet model relies on all devices being connected to nodes that centralize information, redistributing it to form a flow. Consequently, centralization can lead to a lack of privacy and a single point of failure for all websites that rely on it. Blockchain changes this by creating a distributed network, where all devices store all the information on the web. Although the technology is still new, its aspirations are large and its computational needs are growing.
Ethereum (ETH) has attempted to overcome scalability with the sharding upgrade. However, deploying this has been slow. In response, other projects have tried to solve these concerns, only to miss the Turing-complete layer, one that ensures users can compute anything that any other computational method can. Going the opposite direction, other projects have created data feed oracles, seeking out external data to be made available on the blockchain. Unfortunately, even here, the capabilities of these platforms have revealed a gap in the market for cost-effective computational platforms.
Bridging this gap is Cudos, a project positioned to disrupt the market as a scalable computing network while simultaneously offering a professional mining platform. With its mainnet launch, the project is placing the industry one step closer to solving fundamental problems with cloud computing.
In recognition of the exciting occasion, Ethan Illingworth, the head of blockchain at Cudos, speaks out, sharing, “This is it! Months of effort during the testnet, and years of foundation work, culminating in our mainnet launch. We’re excited about the benefits of our native
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