thedailybitcoinshow

#243 Izaak Meckler & Evan Shapiro: Coda - A Succinct Blockchain


Listen Later

One of the key scalability challenges with public cryptocurrency blockchains is that their size grows linearly with the number of transactions. Mature blockchains such as Bitcoin and Ethereum contain 170GB and 1 TB of historical data respectively. New nodes joining these chains need to download this data and verify it in order to become a ""full node"". The number of full nodes is a key measure of decentralization, and difficulty becoming a full node translates into future centralization. In this episode, we are joined by the duo of Evan Shapiro and Izaak Meckler, CEO and CTO at O(1) Labs respectively. O(1) Labs is a pioneering company that uses zkSNARK technology in order to construct a cryptocurrency blockchain, called Coda, that solves the blockchain size scalability bottleneck. New nodes joining the Coda network will be able to trustlessly boot up in under a minute by verifying cryptographic proofs that attest to the validity of the current chain. This technology has great potential to enable decentralization, and for one blockchain to be a light client of another blockchain. Topics discussed in this episode:Scalability challenges of current cryptocurrenciesBackground on O(1) Labs and their mission statementHow Coda uses succinct computational integrity technology (zkSNARKs) to enable further decentralization of blockchainsSnarky - a domain specific language for zkSNARK computationsCurrent state of Coda and roadmap Links mentioned in this episode: Coda protocol websiteCoda WhitepaperPresentation on Snarkly by Izzak MecklerzkSNARKs in a nutshell by Christian ReitweissnerzkSNARKs in a nutshell by Vitalik ButerinCoda presentation from ZCon Sponsors: Shapeshift: Buy and sell alt coins instantly and securely without a centralized exchange Support the show, consider donating: BTC: 1CD83r9EzFinDNWwmRW4ssgCbhsM5bxXwg (https://epicenter.tv/tipbtc)BCC: 1M4dvWxjL5N9WniNtatKtxW7RcGV73TQTd (http://epicenter.tv/tipbch)ETH: 0x8cdb49ca5103Ce06717C4daBBFD4857183f50935 (https://epicenter.tv/tipeth) This episode is also available on :Epicenter.tvYouTubeSouncloud Watch or listen, Epicenter is available wherever you get your podcasts. Epicenter is hosted by Brian Fabian Crain, Sƒbastien Couture & Meher Roy.
...more
View all episodesView all episodes
Download on the App Store

thedailybitcoinshowBy The LTB Network

  • 4.3
  • 4.3
  • 4.3
  • 4.3
  • 4.3

4.3

208 ratings


More shows like thedailybitcoinshow

View all
Makers of Sport® Podcast by A Sports Design Podcast by T. Adam Martin

Makers of Sport® Podcast

140 Listeners

The Smart Home Show by Adam Justice

The Smart Home Show

75 Listeners

Home: On - a DIY home automation podcast from The Digital Media Zone by Richard Gunther

Home: On - a DIY home automation podcast from The Digital Media Zone

99 Listeners

HomeTech.fm by Gavin Campbell, TJ Huddleston, & Seth Johnson

HomeTech.fm

81 Listeners

Psychos with Ryan Williams by Ryan Williams

Psychos with Ryan Williams

181 Listeners

TearDownShow by TearDownShow

TearDownShow

9 Listeners