CUDOS Price, News and Analysis (CUDOS)

CUDOS (CUDOS) Frequently Asked Questions

What is CUDOS?

​​​​​​​​CUDOS is a decentralised compute network that cn 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 networksCUDOS aims to tackle the Blockchain scalability issue by providing a highly scalable layer 2 and 3 solution, connecting both onchain and offchain consumers to the network via smart contracts and APIs.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).There is a maximum supply of 10 billion CUDOS tokens released over a 10 year period (starting from the 11th January 2021). (Description provided by CryptoCompare)

How do I buy CUDOS?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including CUDOS.

Where can I get CUDOS wallet?

CUDOS produces its own wallet software that is available for download on its website, which allows you to store CUDOS on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of CUDOS?

One CUDOS (CUDOS) is currently worth $0.03 on major cryptocurrency exchanges. You can also exchange one CUDOS for 0.00000064 bitcoin(s) on major exchanges. The value (or market capitalization) of all available CUDOS in U.S. dollars is $49.15 million.

What hashing algorithm does CUDOS use?

CUDOS is a coin that uses the ETH Token algorithm.

What coins are similar to CUDOS?

The following coins use CUDOS's ETH Token algorithm and proof-type: Binance USD, Chainlink, Polygon, Polygon, FTX Token, DREP, DREP [old], Dai, THETA, PancakeSwap, Axie Infinity, Crypto.com Coin, Aave, The Graph and Fantom.