We need more CUDOS in the cryptocurrency space
Back in the early days of the cryptocurrency industry, most people are elated by ideas that we otherwise would see as something that is obvious and at times, irrelevant, such as the manner in which technology advances. Decentralization of the economy is almost always a given when it comes to projects that would involve crypto coins, and if you don’t put this into account, your project is sure to collect dust in the corner.
That being said, as time went by, more and more projects became ambitious and intelligent in projecting future endeavors to their potential investors and supporters. From games to a system where the people are the ones who govern where the coin’s future is headed, to full-blown games where enjoyment is prime and profit is second, ideas are being thrown left and right and people are all the more excited to see where the crypto world is going.
However, in the pursuit of becoming unique and special in this platform which is never incorrect mind you, developers and visionaries seem to shoot so far up that they forget to fortify the foundations of the ground they are standing on. And in the multitude of years that cryptocurrencies like bitcoin and Ethereum have been existing, no one was yet to create a project that will support the rate at which transactions are carried over which is also adjacent to the price of each transaction, as high volume of processes often meant more processing power needed which means larger price and slower transaction times.
CUDOS was able to pinpoint this problem finally and has since been actively engaging in efforts to ensure that a much more efficient alternative to the current transaction system is carried over and is implemented to the industry proper. By supporting and perfecting the Proof-of-Stake system, and ditching the otherwise inferior Proof-of-Work system that is what powers most of the transactions today, they were able to revolutionize the industry and make it very easy and favorable for users to engage in transactions, without having to worry about when and how much the transaction will go for.
The point of this article is to not only give praise to CUDOS and this intuitive move they have made but to also raise awareness to most budding projects out there to not only shoot for the stars but to also ensure that the ground you are on isn’t bound to crumble.
