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：百科资讯)

• ·火币网做空比特币
• ·企业财险赔付有哪些条件？如何申请企业财产保险赔付？
• ·在我来贷上做小额贷款可以贷第二两次吗？
• ·比特股钱包中文-比特股手机钱包
• ·比特币见顶信号显现，系统性风险走高
• ·创世纪收盘涨3.96%，主力资金净流入8407.31万元
• ·有什么天气什么影响-有什么天气什么影响的成语
• ·聚币网APP如何充值
• ·受托责任履行情况是什么意思
• ·粮食概念31日主力净流入1116.69万元，荃银高科、万方发展居前
• ·okex钱包是热钱包还是冷钱包-okex钱包是冷钱包吗
• ·Sandbo CO的Twittr遭到黑客攻击 用于宣传所谓的“空投”骗局
• ·观点：加密世界应继续搞基建，但不是高估值的空气基建
• ·数字货币交易所有哪些？用起来好 玩家推荐的好用数字货币交易所排名前十
• ·Over 40 institutions join Bank for International Settlements' new project to explore 'tokenization of cross-border payments'
• ·比特币能否在7月突破36000美元？