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：市场数据)

• ·本日以太最新行情
• ·12月去贵州穿什么衣服
• ·gxc价格今日行情
• ·Evrynet (EVRY)怎么买？Evrynet (EVRY)在哪里买卖交易？
• ·比特币账号怎么找回
• ·为什么币大跌
• ·比特币冲刺10.5万,以太坊涨幅95%,剑指3000!孙哥解套了!Meme暴涨500%,Glonk我已上车
• ·《科佐莫·德·美第奇：数字艺术赞助人》完整指南
• ·bitfinex交易平台
• ·平台币怎么得
• ·埃里克·特朗普的加密货币推动：“囤积比特币”和“取代SWIFT”
• ·公允价值变动损益和其他综合收益的区别
• ·4月初厦门穿什么衣服-4月初厦门穿什么衣服合适
• ·比特币怎么开发
• ·众股网交易平台
• ·Ramp DeFi (RAMP)怎么买？Ramp DeFi (RAMP)在哪里买卖交易？