CosmWasm Delivers Multi-Chain Smart Contracts for Cudos
We are happy to announce the partnership between Cudos, and Confio, the team behind CosmWasm, a secure multi-chain smart contract engine.
Cudos successfully integrated CosmWasm for its network in June 2021 and the overall process has been smooth thanks to both parties’ great teamwork and expertise.
This integration provides the fundamental smart contracts functionality to the Cudos Network, a layer 1 blockchain and layer 2 computation and oracle network.
Martin Worner, the Head of Product at Confio, the team building CosmWasm:
“We are very excited to work with Cudos, a robust distributed computing network for cloud service consumers. As a strong believer in the power of decentralization, Cudos’ vision and mission aligns with Confio. With CosmWasm plugged in, Cudos will empower its capacity to flourish in the market of buyers and sellers of cloud services via the Cudos blockchain. The prospect of creating an ecosystem of smart contract developers and dApps built on CosmWasm in the Cudos Network is very encouraging to see”
Ethan Illingworth, the Head of Blockchain Product for Cudos: “Since 2019 we have been scaling an off-chain distributed computing base across 145+ countries under parent company Cudo. Our goal has always been to move on-chain and decentralize the entire ecosystem and that is exactly what the Cudos Network will deliver. Through collaboration with the Confio team, along with Cosmos and Tendermint, we have a highly robust, easy to use and interoperable network for developers to write their smart contracts and launch their dApps. We’re hugely excited for the launch of Project Artemis; our incentivized public testnet, this quarter and extremely grateful to be working with a team behind CosmWasm, an incredibly powerful tool that will accelerate adoption of the Cudos Network.”
CosmWasm provides higher security, lower carbon, faster transaction, cross-chain interoperability for anyone who wants to build a decentralized application.
It also offers more flexibility, as you can upgrade your smart contracts without upgrading the whole blockchain, which means reduction of a significant amount of overheads.
For these reasons, many brilliant projects in Cosmos integrating CosmWasm for their testnets and mainnets: Cyber with parallel computing, Desmos with decentralized social networks, Fetch.ai with autonomous agents, IRISnet with an enterprise offering in China, NYM with privacy infrastructure, Persistence with DeFi for entreprise, Regen network offering carbon credits, Secret network with privacy-enabled encrypted contracts, Terra and e-money focused on DeFi and stablecoins, Juno with general purpose smart contracts, exchanges like OKex and Crypto.com, Starport with dev-friendly interface to build blockchain by Tendermint, and now Cudos.
Confio has grown with the Cosmos blockchain community support and it has a proven track record in exceeding expectations. Its ability to create highly secure, developer-friendly tools for next-generation blockchain applications is remarkable. Confio GmbH is the key contributor to several powerful open-source projects including
Cosmwasm — secure, interoperable, multi-chain smart contracts module for Cosmos-SDK based blockchains
IBC — a Cosmos inter-blockchain communications standard for fast and secure cross-chain digital asset exchanges
The Cudos Network is a layer 1 blockchain and layer 2 computation and oracle network being designed to ensure decentralized, permissionless access to high performance computing at scale and enable scaling of computing resources to 100,000’s of nodes. Once bridged onto Ethereum, Algorand, Polkadot, and Cosmos, Cudos will enable scalable compute and Layer 2 Oracles on all of the bridged blockchains.
For more information, please visit: Website: www.cudos.org Twitter: https://twitter.com/CUDOS_ Telegram: https://t.me/cudostelegram YouTube: https://www.youtube.com/c/CUDOS Podcast: Cudos Cast Instagram: @cudoscast