QED Protocol and Nexus, development teams focused on memory blockchain execution layers and modular virtual machines (VMs), announced on Thursday that they are jointly building a zero knowledge VM (zkVM) for the Dogecoin network, hoping to derive decentralized finance (DeFi) and NFT applications based on Dogecoin.

These two teams plan to modify Nexus zkVM to improve the scalability of Dogecoin and enable developers to create decentralized applications (dApps) on the network.

This collaboration will also expand the application scope of "OP_CECKGROTH16VERIFY", an opcode proposed by QED Protocol in July aimed at implementing DeFi and NFT applications on the Dogecoin network, which involves a Layer 2 scheme built using the opcode. These proposals have received support from major Dogecoin mining pools including AntPool, ViaBTC, and F2Pool.

QED Protocol and Nexus have stated that the technology they developed for Dogecoin can also be applied to other networks.

QED Protocol announced in July this year that it had completed a $6 million financing led by Blockchain Capital, bringing its total funding to over $10 million. Nexus announced in June this year that it had completed a $25 million Series A funding round led by Lightspeed and Pantera, with other investors including Dragonfly, Faction, and Blockchain Builders Fund.

The price of Dogecoin (DOGE) has shown a significant upward trend with the rebound of the cryptocurrency market since early September, rising from around $0.0925 on September 6th to the current $0.1237, an increase of over 30%.

data source

(责任编辑：时讯)

• ·被替换部分账面原值怎么转换为账面价值
• ·10月31日嘉实产业先锋混合A净值增长0.17%，近3个月累计上涨23.43%
• ·NFT的未来悬而未决：SEC监管引发的艺术家诉讼
• ·10月31日汇添富盈鑫混合C净值下跌1.08%，近1个月累计下跌4.14%
• ·比特币长期持有者成本上升或因预判顶部逐步退场
• ·派币能易货了吗-Pi Network (PI)是否已经可以用于实物交换
• ·虚拟货币用什么钱包好-虚拟币钱包的选择 —— 详解!
• ·10月31日交银成长混合A净值增长1.91%，近3个月累计上涨14.33%
• ·没有进项票能开销项票吗
• ·syn币前景-分析SYN币的未来发展潜力
• ·请问光大银行信用卡要面签了多久下卡啊？
• ·美因基因(06667.HK)10月31日耗资98.5万港元回购12.8万股
• ·币安钱包日交易量达50亿美元超越多家竞争对手
• ·10月31日金鹰年年邮益一年持有混合A净值增长0.62%，近3个月累计上涨8.17%
• ·电商没有发票如何报税
• ·10月31日民生加银质量领先混合C净值下跌1.04%，近6个月累计下跌8.4%