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
(责任编辑:财富观察)
-
在这组数据中,Vive销量排名第四,HTC与前三商家有不小的差距。...[详细]
-
通过微信指数可以了解某个关键词分别在7日、30日、90日的流行度表现,通过其指数波动情况,我们甚至可以预判出某个关键词在未来近阶段的表现情况。...[详细]
-
因为2016年年报还没有完全更新,读懂君选择了比较完整的2015年财务数据进行分析。...[详细]
-
厦门创业氛围相比5、10年前有大幅提升,这是主要原因。...[详细]
-
除了广告以外,还有很多方式可以进行商业变现——可以有用户付费,目前做的非常好的像“罗辑思维”,我个人在上面花了大概小一千块钱。...[详细]
-
不仅如此,广发证券等券商还在交易完成后发研报预测,百润股份“三年内市值可超1050亿元”,给予“买入”评级,整个行业彻底走向疯狂。...[详细]
-
网站日志类型: 一、Apache日志——Linux系统服务器日志 二、iis日志——Windows系统服务器日志 不管是哪种日志,主要看懂以下...[详细]
-
毕竟,当“随刷随有”成为市场标配之后,必须要有大量内容填充。...[详细]
-
数据显示,2014—2015年,影视行业并购重组分别发生67起和90起,并购金额分别达到119.42亿元和722.39亿元。...[详细]
-
就这么多要求,才能显得出他的天猫出身贵族啊,光收保证金和服务费,马先生该有多少钱了?还有每个商家的扣点呢,还有每天的广告费,所以钱对他只是一个数字。...[详细]