Cudos, a multi-chain Layer 2 solution that provides blockchains with Turing-complete computation and external data, announced today that Cognitive Blockchain has acquired a stake in its parent company Cudo and Cudo has expertise in the huge Chinese blockchain market will provide.
“We are very grateful for the opportunity to work strategically with Cognitive Blockchain. Your team, led by Managing Partner Jenny Yue, immediately recognized our vision and showed a deep understanding of both the market opportunities we are seizing and the tech stack We are building. Opening the door to the Chinese market is vital to our growth strategy, and cognitive blockchain will be instrumental in our success. “
– Pete Hill, VP of Sales at Cudos
Cognitive blockchain consists of a blockchain education platform and a community club. as well as a venture capital program. The risk capital focus for Cognitive Blockchain is on long-term value investments in blockchain technology start-ups and on supporting the long-term development and ecosystem building of its investment projects.
“We believe that Cudos’ ability to bridge the gap between traditional cloud services and blockchain, provide a Layer 2 scaling solution, and leverage idle power will play a critical role in the Web3 space. Cudos is positioned as the industry leader in the next generation distributed computer network for blockchains. It will support a fully decentralized and scalable computing solution that will revolutionize the way computing power is applied and used. We are very excited to join Cudos as a network validator and strategic partner. “
– Evernny Yue, Co-Founder and Managing Partner at Cognitive Blockchain
The Cudos network allows anyone to sell or consume excess computing resources, either via blockchain / smart contract or via more traditional cloud computing APIs. The underlying Cudo network has been in development since 2017 and is active with over 150,000 users in over 145 countries. This includes around 20,000 nodes running various blockchain and computing workloads on the Cudo network.
CUDOS token, the network’s native asset, is now also available for exchange.
- Commitment to become a CUDOS Validator Node (CVN) and receive rewards;
- Delegated participation in support of CVNs;
- MoE powering the CUDOS network;
- and dedication to qualifying for general computer jobs and receiving fee discounts.
All of the front-end software, management software, billing engine, and other available network features can be found at cudominer.com.