Share this article
Coda Protocol Touts User Growth One Year Into Testnet
The O(1) Labs project thinks recursive zk-SNARKs are the key to more manageable blockchains.
By Danny Nelson
Updated Sep 14, 2021, 9:38 a.m. Published Jul 30, 2020, 1:33 p.m. 1 min read
Coda protocol’s disappearing blockchain is still in the testnet phase, but the O(1) Labs-led project has already garnered a substantial following.
- O(1) Labs Head of Product Bijan Shahrokhi told CoinDesk the project has grown its member-base 1,200% since unveiling its testnet for a protocol that cuts down blockchain size using recursive zk-SNARKs exactly one year ago today.
- Those 850 users are scattered among 28 different countries, including Russia, Germany, the U.S., China and South Korea, Shahrokhi said. Partner firms now include Bison Trails and Figment Networks.
- "The rapid community growth and global participation is validation for what the lightweight blockchain and ZKP featureset supplied by Coda brings to the table," said O(1) Labs CEO Evan Shapiro.
- The team expects its mainnet to launch in Q4.
More For You
The creator of the Mayer Multiple argues bitcoin’s growing economic substance is compressing volatility and attracting deeper capital.
What to know:
- Bitcoin volatility has dropped from around 120 in 2017 to 35 as institutional participation and options markets add stability to the asset.
- Mayer believes lower volatility makes bitcoin more investable for corporations, family offices, and institutional investors.
- Despite long-term concerns around miner security incentives and quantum computing, Mayer remains bullish...
Top Stories
