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：银饰)

• ·比特波币价格
• ·32亿美元期权到期如何影响BTC、ETH价格波动：市场谨慎情绪升温
• ·手机贷的审核通过要等客服电话确认吗？想要具体了解是怎回事。
• ·股票限价卖出-股票限价卖出规则
• ·bts2.0钱包
• ·比特币趋势分析软件
• ·活力币最新行情-活力币最新行情分析
• ·bt交易平台
• ·QQ上有闪电借款吗？我不用微信，也不想专门下载一个。
• ·etp币交易平台
• ·10%加计扣除要满足哪些条件
• ·Pi Network (PI) 的最新进展、重要诈骗警告等：5 月 16 日 Bits 回顾
• ·火币网api
• ·ripple币交易平台
• ·有人知道二手房公积金贷款的要求是什么吗？最近想买个二手房。
• ·可以导入几个钱包地址-可以导入几个钱包地址的软件