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：现货金)

• ·火币网安全
• ·gcs币今日行情
• ·漠河吃什么喝什么
• ·有网商贷没有借呗的原因是什么？有人知道吗？
• ·独家：比特币赋能全球金融，重塑现代投资组合
• ·5月初无锡穿什么衣服
• ·火币网比特币app
• ·Over the past three quarters, Chinese cryptocurrency OTC brokers have seen capital inflows exceeding $20 billion
• ·首次购入税控设备会计分录怎么做
• ·比特币整体行情
• ·共生钱包创建钱包-共生钱包怎么交易
• ·怎么充值比特币
• ·分期乐花额度是多少？不是很了解。
• ·BONK 连续 4 天下跌 – 谨慎的多头能否扭转局势？
• ·什么一什么水动词
• ·北极村九月份什么温度