Elrond (EGLD) Plunges 9%: It Announces Partnership With The Cudos Network Blockchain

In the last 24 hours, Elrond (EGLD) token has been enormously volatilizing; for instance, the last trading session was closed at $215.77, and later, it suddenly dropped to $195.96. Nevertheless, Elrond’s crypto almost has reached its peak of 12%; unfortunately, at the moment, it fell back to $200.31. Today, the scalable smart contract platform Elrond Network shared details about its partnership with the Cudos Network, a decentralized cloud computing network used by more than 300,000 businesses and individuals in 145 countries.
3 Reasons to Invest in Crypto -- and 1 Reason Not to | The Motley FoolFor the uninitiated, Cudos Network establishes a connection between internal and external resources, effectively combining the immutability of blockchain networks with the power of computing resources provided by a distributed network. Elrond developers will use Cudo Compute resources to offer a WebAssembly virtual workload, container, or virtual machine for their distribution network with more than 300,000 users. In addition, a specific part of the Cudo token will be moved to the Elrond network in the form of a standard Elrond digital token (ESDT) to participate in the decentralized finance (DeFi) opportunities on the Maiar Exchange running based on Elrond.

April Sanchez

Business and Tech Reporter

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