QED Protocol, the native execution layer of Bitcoin zk (zero-knowledge proof), recently announced that it will cooperate with Nexus to introduce zkVM (zero-knowledge proof virtual machine) on the Dogecoin network to allow developers to create various high-performance Applications, including decentralized exchanges (DEX) and NFT-related applications in many DeFi ecosystems. (Preliminary summary: Arthur Hayes: Dogecoin spot ETF is expected to be launched this cycle! Is VanEck an important promoter?) (Background supplement: The bull market is over halfway, is there still a chance for the Bitcoin DeFi ecosystem?) Bitcoin zk (zero-knowledge proof) The native execution layer QED Protocol announced on September 26 that it will cooperate with Nexus, an American company focused on achieving large-scale verifiable computing capabilities on the Internet, to introduce zkVM (zero-knowledge proof) on the Dogecoin network. virtual machine). QED will implement DeFi and NFT applications on the Dogecoin network. QED continued to point out in the announcement that in this cooperation, Nexus’ zkVM technology will help the Dogecoin network expand, and the final result will be to allow developers to use Dogecoin. On this PoW (Proof of Work) blockchain, various high-performance applications are created, including applications related to decentralized exchanges (DEX) and NFT in many DeFi ecosystems, and are closely related to public companies such as Ethereum and Solana. Chain competition: This collaboration aims to introduce upgrades to the world’s oldest and most popular meme currency network, allowing it to compete with public chains such as Ethereum and Solana in the field of smart contracts. As part of this collaboration, Nexus’ technology will be used to extend Dogecoin through its zkVM and provide tools to enable developers to create a variety of high-performance applications on the network, ranging from decentralized exchanges to NFTs. in. In addition, QED also added that this cooperation will involve a proposal it made in August this year, which is to provide proof for the ZK opcode "OP_CHECKGROTH16VERIFY" invented by Nexus chief scientist Jens Groth. This string of opcodes is what can be done this time. The key to helping Dogecoin realize DeFi applications. DOGE rose 5.5%. We know that Dogecoin, like Bitcoin, has a consensus mechanism that is PoW. Although this ensures its security, it is not as fast and scalable as blockchains with PoS mechanisms such as Ethereum. . Therefore, it is undoubtedly a huge benefit to be able to implement DeFi and NFT applications for Dogecoin through zkVM technology. Dogecoin DOGE also rose in response, reaching a maximum of $0.12874 last night, although it fell back at the time of writing, reporting at 0.12391 US dollars, but the increase in the past 24 hours still reached 5.5%, and the market value reached US$18.085 billion. DOGE trend. Source: CoinGecko Related reports Meme Coin Showdown》Pepe, Bonk and Floki, who has the best chance of replacing Dogecoin? grief! Kabosu, the original Dogecoin Shiba Inu, passes away! The originator of memes is gone. DOGE fluctuates violently. Tesla’s official website has added Dogecoin (DOGE) for payment. Will Musk restart BTC payments soon? 〈Dogecoin DeFi Ecosystem! QED Protocol cooperates with Nexus to introduce zero-knowledge proof virtual machine zkVM in Dogecoin. This article was first published in BlockTempo "Dong District Dong Trend - the most influential blockchain news media".

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