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Today, we've arrived at the fifth week since Coda's first public testnet [BETA] was released. It has been incredibly fun to dive in with the core group of our community evangelists. While stress-testing the network, testing main parts of the core protocol, staking, and producing blocks, unexpected situations arised and the community graciously embraced these surprises.
This is the fourth week that the Coda public testnet has been live! Last week, with the help of the early adopters in the community, we successfully stress-tested the network with increased transaction throughput, allowing us to identify potential issues and resolve them before the mainnet launch.
Since we launched Coda’s first public testnet in beta on July 24th, 2019, we’ve had 56 Codans connect and 74 rank on the leaderboard. Competition has been pretty fierce, but fellow Codans are a helpful bunch.
Coda Protocol launched its first public testnet in beta on July 24th 2019 at 2pm PST. As the first succinct blockchain, it generated significant interest from the community. Our community of early-adopters showed up in full-force, with over 250 people joining. Of those, 32 people successfully ran a Coda node, connected to the network, and sent their first transaction.
Zero-knowledge proofs (ZKPs) are a powerful cryptographic primitive that enables you to prove that you have a secret, without revealing it to anyone. If you are hearing about ZKPs for the first time, you are likely to say "Hah! That sounds impossible." Read on to get an intuitive understanding of what they are.
We’re excited to announce that last fall, we finished a new round of funding for o1Labs! We raised $15M from a group of fantastic investors including Accomplice, Coinbase Ventures, Paradigm, and General Catalyst.
Simulating real numbers using finite field arithmetic
We’re thrilled to announce that Coda Protocol launched its first public testnet in Beta today, July 24th 2019 at 2pm PST. We’ve seen interest from more than 700 members of our community in joining, so we expect that this will be an exciting and engaging process thanks to the efforts of a core group of our community evangelists.
While developing Coda, we came across an interesting problem that uncovered a much more general and potentially widely applicable problem: Taking advantage of parallelism when combining a large amount of data streaming in over time. We were able to come up with a solution that scales up to any throughput optimally while simultaneously minimizing latency and space usage.
A global competition to speed up the SNARK prover
Recently a candidate sent us a very thoughtful email asking what kind of knowledge we're looking for in a candidate. It set off a discussion at the office, as we wondered what direction we could provide candidates who might not yet have all of the perfect qualifications. Below is our response to the candidate, giving guidance on what kinds of knowledge we are looking for in candidates.
Living in the world today requires giving up a lot of control. We give up control of our financial lives to banks and unaccountable credit bureaus. We give up control of our most intimate data to use online services like Facebook, Amazon, and Google.
Mina uses advanced cryptography and recursive zk-SNARKs to deliver true decentralization at scale.
Getting started with ZK on Mina is simple.
