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：基金专题)

• ·“家人们”席位·期货品种持仓一览（5月21日）
• ·西昌电力收盘涨9.98%，主力资金净流出2992.52万元
• ·2017年eth价格-2017年ETH价格区间
• ·国管公积金中心网站-国管公积金中心网站官网
• ·炒股软件可以看BTC-炒股软件可以看铜价吗
• ·贝莱德IBIT突破60万BTC大关：机构巨头推动比特币市场新篇章
• ·长期股权投资账面价值包括哪些
• ·消费贷款如何操作才能成功提现呢？
• ·请问中银新易贷手续费多少?我想在中银新易贷借款。
• ·鹏欣资源收盘涨1.56%，主力资金净流出2346.08万元
• ·什么季什么天气的-什么季什么天气的成语
• ·tr多少钱一个(tr最高价格达到多少)
• ·虚拟货币为什么有价值 虚拟币为什么值钱
• ·欧e的app(无限制版本V6.4.15)_殴易可以用吗
• ·火币莱特币交易平台
• ·try什么货币