The rapid community growth and global participation is validation for what the lightweight blockchain and ZKP featureset supplied by Coda brings to the table.
SAN FRANCISCO (PRWEB) July 30, 2020
Coda Protocol, a lightweight framework for the Web 3.0, celebrates its one-year anniversary of its public testnet. As one of the largest layer 1 testnets by peer count for non-ICO-ed protocols, Coda has grown its testnet community by 1200% since launch. Additionally, over 150 Genesis token grants have been extended to members of the community to ensure a strong backbone of block producers at Coda’s mainnet launch. As Coda has allocated 1000 Genesis token grants to ensure decentralization of the network, there are still 850 Genesis spots available.
Coda testnet participants are highly distributed, hailing from over 180 different countries with representation from countries like Russia, the UK, the US, China, the Netherlands, Korea, India, Germany, and more. This global community has supported Coda's rapid expansion into new geographies by assisting in the translation of key documentation and content, so far in 9 languages.
Evan Shapiro, CEO and Co-Founder of O(1) Labs, said, "The rapid community growth and global participation is validation for what the lightweight blockchain and ZKP featureset supplied by Coda brings to the table. We’re excited to see the project and community grow further as continuing improvements to its novel architecture puts it increasingly ahead of other chains.”
Notable partners contributing to the development include both Bison Trails and Figment Networks. Coda also contributed to the testing, feedback, and support for the new Coinbase Rosetta API.
Aaron Henshaw, Co-founder and CTO of Coda partner Bison Trails, said, "We’re thrilled to see Coda reach this milestone and to recognize the success of their testnet. Over the past year, Coda grew an active and technically-minded community and demonstrated scalability to support an impressive number of concurrent nodes without performance degradation. We’re looking forward to Genesis and mainnet launch!”
Andrew Cronk, Cofounder & Head of Product at Figment Networks, said, "Coda Protocol has succeeded in building a strong and diverse community around the open-source technology, a critical achievement in blockchain. We have invested resources to support Coda integrations on our Hubble and DataHub products in anticipation of their forthcoming mainnet launch and are looking forward to further supporting Coda validators, stakeholders, and developers as the community continues to grow.”
Since launching its testnet one year ago, Coda has demonstrated clear progress in becoming a blockchain of choice among the blockchain developer community that will be deploying Coda to build snapps, or snark-powered apps, upon mainnet launch scheduled for later this year. Coda distinguishes itself from other protocols with its use of recursive zk-SNARKs to enable the encapsulation of the entire blockchain's history in a single, verifiable, lightweight proof. This novel deployment of zero-knowledge proofs has landed Coda the moniker "the world's lightest blockchain."
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About Coda Protocol
Coda Protocol is being incubated by O(1) Labs, the leader in zk-SNARKs and verifiable computation. Coda Protocol, the world’s lightest blockchain, provides a foundation for the decentralized digital economy (Web 3.0), offering scalability to thousands of transactions per second, millions of users, and years of transaction history without sacrificing security. By utilizing recursive zk-SNARKs, the Coda blockchain always stays the same size—about 20 kilobytes (the size of a few tweets). Recursive zk-SNARKs allow nodes to rapidly share and update proof of the correct blockchain state across the network. This breakthrough application of zk-SNARKs solves the issues of scalability and high barrier to entry for nodes that have plagued legacy blockchains to-date. By making it easier for nodes to participate, Coda improves decentralization and therefore security of the network. The Coda blockchain can be easily accessed from any device, including phones and browsers, and can be seamlessly integrated into new decentralized applications (dapps).