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：要闻)

• ·Pi 网络价格预测到 2040 年：Pi 币是一项好的长期投资吗？
• ·比特币提币什么意思
• ·UNI币小白使用交易中心排名第一 UNI币交易中心大全
• ·区块交易怎么查询 区块交易怎么查询交易记录
• ·纳斯达克拟允许iShares以太坊信托实物申购赎回
• ·451亿美元比特币洗钱:拉兹勒克汗、她的丈夫和 Bitfin
• ·kava币价格预测-kava币最新价格
• ·AI框架BSCAN：能否引领区块链与人工智能融合的新范式？
• ·人人ico众筹平台-人人众筹平台官网
• ·证券股票知识
• ·股票转钱时间
• ·Credits (CS)怎么买？Credits (CS)在哪里买卖交易？
• ·计划成本的帐务处理怎么做
• ·山寨币什么意思 山寨币什么意思?
• ·ocean币最新价格-ocean币最新消息
• ·什么是 XLM (Stellar)？简单解释一下