Coda Protocol Touts User Growth One Year Into Testnet

2 weeks ago 49

Jul 30, 2020 at 13:33 UTC

(Ricardo Gomez Angel/Unsplash)

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 that the project has grown its member-base 1200% 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 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 mainnet launch in Q4.

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