Coda Protocol CODA

Coda is cryptocurrency designed to limit computational requirements to enable user-friendly apps.

The Coda protocol was created by O(1) Labs with the goal of optimizing both scalability and decentralization. This is achieved by utilizing zero knowledge proofs to condense the blockchain into a fixed size. Coda can be used from websites or mobile phones with intermittent connectivity making the experience for users easier as well as opening up new possibilities of applications for developers to build.

Coda uses a Proof-of-Stake permissioning mechanism known as Ouroboros Praos to reach consensus, which builds off prior work done by IOHK, the company working on Cardano. It was designed to be simple and allow anyone to participate proportionally to the amount of stake in the protocol. Bandwidth requirements are low to facilitate a high level of inclusivity.

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Self-Proclaimed World’s Lightest Blockchain Rolls Out Phase Three of Its Testnet
Mar 25 · Coin Telegraph · Speaking Cointelegraph on March 24, the developers behind Coda Protocol said that phase three of the network’s testnet launch has now drawn over 400 users — with 300 users signing up to stake, and 143 maximum concurrent users.