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：白银TD)

• ·俄羅斯主要銀行將被要求在明年 7 月前為客戶提供數位盧布交易管道
• ·欧亿apk安卓版v6.5.0下载地址-芝麻交易所交易所app下载安卓版2023
• ·福利费可以直接入管理费用吗
• ·Beefy (BIFI)怎么买？Beefy (BIFI)在哪里买卖交易？
• ·Bitwise：以太坊就像區塊鏈中的「微軟」，ETH 表現可能在年底前好轉
• ·今飞凯达三季报：年内营收创历史新高，海外业务亮点纷呈
• ·袁大伟火币
• ·苹果怎么下载meme币 meme币最新版下载链接有没有
• ·火币网怎么样
• ·比特比今日价格
• ·好申请的手机贷款软件有哪些？申请条件要低，而且通过率要高。
• ·中钨高新(000657.SZ)：金洲公司到第三季度末累计产量已接近5亿支
• ·渣打银行称，政府增持战略支持其比特币价格在 2028 年达到 50 万美元
• ·Multichain (MULTI) 哪里可以买？在这些交易平台进行交易！
• ·火币网可以提币了
• ·OKX|okx官网电脑版下载及欧意PC端详细介绍与比较