QED Protocol and Nexus plan to introduce zkVM on Dogecoin Chain to achieve smart contract functionality
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
相关文章:
- Bitwise:GENIUS 法案影响堪比 BTC 现货 ETF
- 莱特币钱包发送失败-莱特币钱包发送失败怎么回事
- OKX Token2049 Express: Chief Marketing Officer Haider Reveals Five Key Details of OKX Wallet's New Upgrade
- 交易平台数字
- 日本企业预计美国关税将造成 280 亿美元损失
- 比特币矿池怎么
- 美联储应关注更广泛市场利率而非仅联邦基金利率
- SphereX mainnet officially launched, creating the ultimate DeFi product with Robin Hood spirit
- 红冲发票怎么写分录
- 牛市怎么提币