While Bitcoin is trading at $ 31,834, altcoin projects continue to offer new options. Crypto analysts bring altcoin projects that they think will rise to the agenda, making that altcoin come to the fore. In his latest video, prominent cryptocurrency analyst Ben Armstrong describes a promising new project that plans to “making the decentralized web possible for the first time”. Here is the Cudos (CUDOS) that Armstrong thinks will increase 200 times.
CUDOS is a decentralized computing network that will provide multiple Blockchain ecosystems with many advantages. Cudos is also a reliable layer 2 validator network built on the Tendermint protocol. EVM and Wasm compatibility are also available for deploying smart contracts in CUDOS using Solidity or next-generation languages. Armstrong uses the following phrases:
“Basically, anyone joining the network will be able to leverage the computing power of other users around the world when that power is not being used. Users who voluntarily provide their computing power on the network will be paid for their services so they have an incentive to stay connected.”
When comparing Cudos to rival ICP, Armstrong states that Cudos performs better. Today, he underlines that if Cudos reaches market cap of ICP, the price will rise from around 2 cents to just over $4, which means it’s about 200 times the initial investment. Cudos are changing hands at $0.23 these days, up almost 40 percent.
Visits: 60
