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：牌价)

• ·火币做空
• ·当前指标表明AAV正在遭受巨大的看跌压力
• ·以太坊联合创始人Jeffrey Wilcke大幅减少ETH持仓量
• ·法新社依新闻赔偿起诉埃隆·马斯克与Twittr/
• ·停牌股票资金-停牌股票资金怎么处理
• ·拍拍贷签到的额度能借出来吗？我每天都在签到领额度。
• ·个人股票回购-个人股票回购增持贷款
• ·火币网骗
• ·有人知道如何提高招联好期贷的额度吗？
• ·建筑企业增值税怎么算
• ·减免税金怎么做分录
• ·请问连云港中国银行新易贷怎么申请？我想申请中银新易贷。
• ·文件币怎么获得 文件币怎么样
• ·美国SEC推迟XRP与狗狗币ETF决定并启动公众意见征询
• ·Quantum BioPharma加码加密货币投资至450万美元
• ·Circle announces partnership with Sony's second layer network Soneium to introduce USDC stablecoin