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：基金数据)

• ·聚币网交易平台
• ·IGBT概念31日主力净流出8.24亿元，比亚迪、上海贝岭居前
• ·stepichu教程怎么设置 stepichu如何设置
• ·莱特币加密钱包-莱特币加密钱包安全吗
• ·股票停牌了还-股票停牌了还能卖出去吗
• ·超级真菌概念31日主力净流出4901.15万元，恒瑞医药、普利制药居前
• ·6月初上海穿什么衣服-6月初上海穿什么衣服合适
• ·meme币交易所安卓官方手机端软件 memeBIAN卓软件app下载链接
• ·【数字货币看盘软件哪个最好】多家USDT应用排行
• ·如何在安卓舍备上下载并安装OKX欧意交易所APP
• ·火币网交易平台手机版
• ·10月31日天弘宁弘六个月C净值下跌0.02%，近1个月累计下跌0.45%
• ·2017比特币今日价格
• ·营业利润和净利润，哪个更重要？
• ·bcc怎么交易
• ·10月31日工银沪港深股票C净值下跌1.43%，近1个月累计下跌2.09%