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)

• ·数据行情和趋势
• ·10月31日招商瑞德一年持有期混合C净值下跌0.14%，近1个月累计上涨0.97%
• ·barclays钱包-barkis钱包
• ·10月31日宏利蓝筹混合净值增长0.10%，今年来累计上涨7.67%
• ·比特币行情总汇
• ·10月31日融通通慧混合A/B净值增长0.03%，今年来累计上涨1.9%
• ·tether钱包
• ·甘洛怎么样
• ·比特币美金今日价格
• ·meme币交易中心手机端下载平台 meme币交易中心官方版
• ·NFT市值飙升69%突破48亿美元：2025年增长驱动因素全面解析
• ·10月31日东方红启元三年持有混合B净值下跌1.05%，今年来累计下跌11.09%
• ·云币怎么刷
• ·怎样通过保险公司购买车险？步骤和注意事项有哪些？
• ·威斯康星州养老基金在关税风波中抛售3亿美元贝莱德比特币ETF股份
• ·美因基因(06667.HK)10月31日斥资98.54万港元回购12.78万股