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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.

Jul 30, 2020 at 1:33 p.m. UTC
Updated Sep 14, 2021 at 9:38 a.m. UTC

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.

DISCLOSURE

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