One yr since launching its public testnet, Coda Protocol has achieved excessive geographic distribution amongst participation, with members hailing from over 180 completely different nations
SAN FRANCISCO, July 30, 2020 /PRNewswire-PRWeb/ — Coda Protocol, a light-weight framework for the Web 3.0, celebrates its one-year anniversary of its public testnet. As one of many largest layer 1 testnets by peer depend for non-ICO-ed protocols, Coda has grown its testnet neighborhood by 1200% since launch. Additionally, over 150 Genesis token grants have been prolonged to members of the neighborhood to make sure a robust spine of block producers at Coda’s mainnet launch. As Coda has allotted 1000 Genesis token grants to make sure decentralization of the community, there are nonetheless 850 Genesis spots out there.
Coda testnet individuals are extremely distributed, hailing from over 180 completely different nations with illustration from nations like Russia, the UK, the US, China, the Netherlands, Korea, India, Germany, and extra. This world neighborhood has supported Coda’s fast growth into new geographies by aiding within the translation of key documentation and content material, to this point in 9 languages.
Evan Shapiro, CEO and Co-Founder of O(1) Labs, stated, “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 companions contributing to the event embrace each Bison Trails and Figment Networks. Coda additionally contributed to the testing, suggestions, and help for the brand new Coinbase Rosetta API.
Aaron Henshaw, Co-founder and CTO of Coda associate Bison Trails, stated, “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, stated, “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 yr in the past, Coda has demonstrated clear progress in turning into a blockchain of alternative among the many blockchain developer neighborhood that will likely be deploying Coda to construct snapps, or snark-powered apps, upon mainnet launch scheduled for later this yr. Coda distinguishes itself from different protocols with its use of recursive zk-SNARKs to allow the encapsulation of your complete blockchain’s historical past in a single, verifiable, light-weight 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 chief in zk-SNARKs and verifiable computation. Coda Protocol, the world’s lightest blockchain, gives a basis for the decentralized digital financial system (Web 3.0), providing scalability to hundreds of transactions per second, tens of millions of customers, and years of transaction historical past with out sacrificing safety. By using recursive zk-SNARKs, the Coda blockchain all the time stays the identical dimension—about 20 kilobytes (the dimensions of some tweets). Recursive zk-SNARKs permit nodes to quickly share and replace proof of the proper blockchain state throughout the community. This breakthrough utility of zk-SNARKs solves the problems of scalability and excessive barrier to entry for nodes which have plagued legacy blockchains to-date. By making it simpler for nodes to take part, Coda improves decentralization and due to this fact safety of the community. The Coda blockchain could be simply accessed from any machine, together with telephones and browsers, and could be seamlessly built-in into new decentralized purposes (dapps).
SOURCE Coda Protocol