Token Talks Interviews With The Best Projects In Crypto

What if you could verify the entire blockchain from your smartphone? Izaak Meckler and Evan Shapiro are cofounders of Coda, a new cryptocurrency protocol that reduces the size of the blockchain from gigabytes down to the size of a few tweets. Izaak and Evan explain how cryptocurrency can be more accessible to everyone: ##The Tradeoff Between Scaling and Decentralization Today, if you want to verify a transaction on a cryptocurrency, you need to first download a full copy of the blockchain. Izaak points out that this works fine in the early days of a network, but quickly becomes impractical over time as the blockchain becomes longer and grows in size to hundreds of gigabytes. ##A Succinct Blockchain Coda is a new cryptocurrency protocol that solves this problem by compressing the entire blockchain. Using the recursive composition of zk-SNARKs, Coda eliminates the need to store or download transaction history in order to verify the blockchain. Because this ‘succinct blockchain’ is more efficient than others, Iz