Cudo, Future Tech, and Accubits have joined together to accelerate blockchain adoption

Cudo, the team behind the Cudos Network, announced a technology partnership with Accubits and its artificial intelligence-focused subsidiary, Future Tech. The partnership will start with decentralized application and tool development in the area of nonfungible token marketplaces before expanding to other use cases. Accubits was founded in 2012 and is trusted by both Fortune 500 enterprise customers and tech startups. Accubits' excellence in delivering solutions to the enterprise and blockchain industries is well recognized. Its clients include NASA, Smart Dubai and Nissan. It has a global development team of over 350 members and works across smart city, AI, blockchain and NFT projects.

Cudo is building a decentralized blockchain computing platform with its Cudos Network. High-performance computing will be available to developers and consumers in early 2022. This will remove the current centralized oligarchy of Amazon Web Services (AWS), Azure, Google Cloud and Alibaba. Accubits and Cudo have teamed up to provide services over the Cudos Network. Accubits' service portfolio includes a white label NFT marketplace platform, which can be fully customized for the project owner. For 2021, the two companies will first focus on existing blockchain services.

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Why Energy Concerns Around Blockchain May Be a Misconception

Blockchain has made headlines recently for using more energy than airlines or even entire countries. Different types of chains have different impacts on the environment based on how they're designed. The proof-of-stake (POS) model is significantly more energy-friendly than the traditional Proof of Work (POW) model. Blockchains operate differently than traditional IT systems. Different types of chains have different impacts on the environment based on how they're designed. Proof-of-work (POW) is what's behind traditional "mining," where miners compete to solve a mathematical puzzle. The Bitcoin Foundation has switched to a more energy-friendly model of proof-of-stake. Proof-of-stake (POS) requires those working on the chain to have skin in the game. POS also reduces power consumption and accelerates the handling of transactions. The model is being adopted by big names in the industry such as Bitcoin, & Ripple.

Understanding the technology underlying cryptocurrencies

Blockchain technology could prove transformative for industries, including financial services. A primer on technology, sponsored by the Organization for Economic Co-operation and Development, was recently published. It highlights the array of opportunities and challenges that blockchain's popularity could have on the financial industry, among many other fields. A blockchain is a shared ledger of transactions between parties in a network. It can diminish the role of intermediaries in the transfer of data. The Organization for Economic Cooperation and Development (OECD) sees far-reaching potential for blockchain in the global economy. Blockchains can vary in the way they operate. One of the prime strengths of a blockchain is its immutability. Once a transaction is made to the ledger, it can not be undone. The first U.S. bitcoin futures exchange-traded fund became available in October 2021. Forty percent of fund selectors report that clients are increasingly demanding cryptocurrency

White Hat hacker was offered a $500,000 reward from Poly Network

Following a breach that resulted in the loss of $610 million by cryptocurrency exchange Poly Network earlier this week, the company announced a $500,000 "bug reward" to whoever was responsible. With an emphasis on enabling users to move or exchange tokens across various blockchains, Poly Network is a decentralized finance (Defi) platform that enables peer-to-peer transactions intending to facilitate peer-to-peer transactions. He had "helped us improve Poly Network's security," the company said. A "white hat" hacker tries to disclose cyber vulnerabilities. "Mr. White Hat" was also to get a $500,000 reward as part of the digital money repatriation talks. It said that the hacker had replied to the offer, but did not specify whether or not the offer had been accepted. However, it has been reported that the hacker has returned $340 million in money and has transferred the bulk of what is left to a digital wallet owned by them and Poly Network, acc

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