LONDON, May 6, 2021 (Newswire.com) - Founded in 2020 to represent the interests of a diverse set of directors with backgrounds in Telappliant Ltd (a long established managed services company) and HealthiQ (a health sector data analysis specialist), CrypticX will become the latest web 3 infrastructure startup to offer validator services to the Cudos network.
Located strategically in the UK for the Western European market, CrypticX first became interested in investing in Cudos's parent company Cudo Ventures, purchasing infrastructure to run blockchain computational workloads using Cudo's management application.
"We are delighted to support the Cudo ecosystem and vision by becoming a validator. It is truly exciting to see how blockchain can disrupt virtually every industry and it is a privilege to have a stake in this future…" Muhammad Nasim, Director of CrypticX.
With over 20 years of scaling and maintaining cloud and customer infrastructure environments, the team who founded Telappliant created CrypticX to support and add value to the Cudo ecosystem and Cudos network. As a validator, CrypticX will create innovative ways for their client base to benefit from Cudos' decentralized cloud demand through delegated staking.
"Cloud is transitioning at a rapid speed thanks to blockchain technology kickstarting the next evolution of the internet. To see business leaders embracing this change and moving with innovation demonstrates to me that blockchain is becoming more widely accepted and adopted. We're truly grateful for the team at CrypticX for both backing us financially and by using their tokens to add value into the Cudos network." Matt Hawkins, CEO of Cudo
CrypticX was formed to identify, develop and invest in innovative and disruptive commercial use cases for blockchain and associated technologies.
Cudos is bridging the gap between Cloud and Blockchain, by using the world's available computing to power a more decentralized, sustainable and connected world.
Cudos is being designed as a cross-chain, decentralized compute network, with cudos as the utility & infrastructure token designed to empower Web 3.0 operations on the network. The Cudos network will enable anyone to sell or consume excess computational resources, either via blockchain/smart contract or through more traditional cloud computing APIs. In essence, what this means is Cudos will be one of the few networks which can power other blockchains and scale to the demands of cloud computing required today.