It's a bruising time to be a crypto investor right now — there's no two ways around it.
But as the bear market endures, many platforms in the industry are focusing on building — making enhancements to existing products, and creating new ones.
Cudos is one of them. And despite a great deal of uncertainty in the markets, the project says its long-term vision is unshaken — and determined to build infrastructure for the decentralized future that awaits us all.
The finishing touches are now being made ahead of a mainnet launch in June, and preliminary assessments following a thorough audit are all looking positive.
In recent weeks, a range of stress tests has also been performed on the cleverly named Dress Rehearsal network, which accurately replicates its mainnet. Cudos says this has ironed out a few teething issues before the big day itself.
Setting out what its mainnet aims to achieve, Cudos says it wants to blend DeFi, NFTs and gaming to deliver a decentralized Web3 experience — infrastructure that can comfortably handle the high computing needs that a modern internet demands. Minimal transaction costs and low latency are other crucial attributes.
Matt Hawkins, the CEO and founder of Cudos, told Cointelegraph: "Our mainnet launch will be a landmark in the blockchain space as we bring in scalability, lower transaction costs and convergence with a decentralized cloud computing layer.
"We are overwhelmed with the support of our passionate community during the incentivized testnet phase and excited for our mainnet launch. Our aim is to build a network that is developer-friendly, scalable and provides limitless opportunities for them to build Web3 dApps."
And on that all-important goal of being accessible to developers, Cudos says
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