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Chaincode Labs is a Bitcoin research and development center based in Midtown Manhattan, New York. It was co-founded in 2014 by Alex Morcos and Suhas Daftuar, who also co-founded the quantitative trading firm Hudson River Trading. The organization focuses on supporting independent development of the Bitcoin protocol and ecosystem. Its team includes senior developers such as Pieter Wuille, Russ Yanofsky, Carla Kirk-Cohen, Matthew Zipkin, Antoine Poinsot, Matias Furszyfer, Nadav Kohen, and Jonathan Harvey-Buschel. They contribute code to Bitcoin Core, participate in designing cryptographic tools like Miniscript, MuSig, and Bulletproof, and maintain related open-source libraries. Chaincode Labs also fosters new developers through educational programs such as the Chaincode Residency and hosts a podcast featuring engineers discussing protocol development, privacy, and scaling topics within Bitcoin and the Lightning Network. Its mission is to advance Bitcoin technology research and support a healthy decentralized ecosystem.
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About Chaincode Labs
Chaincode Labs is a Bitcoin research and development institution based in New York, dedicated to the Bitcoin base protocol.
Its concrete activities include: contributing to the development, review, and testing of Bitcoin Core; conducting research on P2P networking, encryption, privacy, and second-layer protocols such as the Lightning Network; and training developers through online seminars, residency programs, and open-source curricula (e.g., the Bitcoin/Lightning Curriculum on GitHub).
Its core narrative is "existing for Bitcoin itself," supporting the Bitcoin ecosystem over the long term through private funding. It addresses pain points such as inefficient transaction and block propagation, lack of encryption in P2P communication, and high barriers to developer onboarding. For example, its research contributed to Erlay and Compact Blocks, which optimize transaction relay and block propagation respectively.
Regarding developments in the recent six months (March to September 2026), no reliable public information was found, so no specific details are provided.
Chaincode Labs has made notable progress over the past six months. In June 2026, it released the "2025 Bitcoin & Quantum Computing Report," assessing risks from cryptographically relevant quantum computers (CRQCs), including potential theft of ~6.26 million BTC and vulnerabilities from address reuse and legacy script types. The BOSS Challenge 2026 concluded, producing 50+ portfolio projects, such as Bitcoin PIR (private UTXO queries), BIP 158 filter benchmarking, Taproot script-path analysis, SuperScalar channel factories, BIP-324 traffic analysis, dust cleanup tools, and Payjoin plugins. Official future priorities remain focused on Bitcoin protocol research, developer education, and open-source resources, consistent with its mission to support independent innovators in the Bitcoin ecosystem. No formal roadmap was published during this period.
Suhas Daftuar: Co-founder of Chaincode Labs. Previously co-founded Hudson River Trading (2002-2012), where he worked on algorithmic trading. He discovered Bitcoin in 2012 and co-founded Chaincode Labs in 2014 with Alex Morcos. He contributes to Bitcoin Core and other open-source projects.
Alex Morcos: Co-founder of Chaincode Labs. Also co-founded Hudson River Trading (2002-2011) and worked as a partner. He became interested in Bitcoin in 2012 and co-founded Chaincode Labs in 2014. He is active in Bitcoin Core development and research.