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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.
Coda protocol’s disappearing blockchain is still in the testnet phase, but the O(1) Labs-led project has already garnered a substantial following.
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- 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.
Danny Nelson
Danny is CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.
