TL;DR
- Strategic Partnership: QED Protocol and Nexus are collaborating to launch a zero-knowledge virtual machine (zkVM) on the Dogecoin Network, aiming to enhance Dogecoin’s capabilities and make it more competitive.
- Technological Advancements: The partnership includes the introduction of a new ZK opcode, OP_CHECKGROTH16VERIFY, designed by Nexus Chief Scientist Jens Groth, to facilitate network scaling and application development on Dogecoin.
- Future Vision: Both organizations share a vision of leveraging zero-knowledge technology to revolutionize blockchain capabilities, with potential applications extending beyond Dogecoin to other blockchains.
QED Protocol, the world’s first zk-native blockchain protocol, has announced a strategic partnership with Nexus, the project behind the Verifiable Internet, to launch a zero-knowledge virtual machine (zkVM) on the Dogecoin Network. This collaboration aims to make Dogecoin, the world’s foremost memecoin, “STRONKer than all the others.”
1/ Nexus and @QEDProtocol are working together to scale Dogecoin:https://t.co/Q44YUwIYnL pic.twitter.com/k1LngFKEbI
— Nexus (@NexusLabsHQ) September 26, 2024
Aiming to Make Dogecoin Greater
The partnership is part of a broader initiative to introduce upgrades that will enable Dogecoin to compete in the smart contract realm with major players like Ethereum and Solana.
By leveraging Nexus technology, the Dogecoin network will be scaled using its zkVM, empowering developers to create a wide variety of high-performance applications, from decentralized exchanges to NFTs.
Technological Breakthroughs
In August, QED Protocol proposed a new ZK opcode for proofs, invented by Nexus Chief Scientist Jens Groth, known as OP_CHECKGROTH16VERIFY. This opcode is designed to facilitate both network scaling and application development. Carter Feldman, founder of QED Protocol, expressed his excitement about the partnership, highlighting the potential of zero-knowledge technology in revolutionizing blockchain capabilities.
Vision for the Future
Jens Groth of Nexus echoed Feldman’s enthusiasm, emphasizing the shared vision of exploring the vast potential of zero-knowledge technology. “In this vision of ours, the stars have aligned over Dogecoin and its dedicated community,” Groth stated. Daniel Marin, CEO and Founder of Nexus, noted that their technology could be applied to other blockchains, achieving high-throughput and high-security performance at low costs.
About QED Protocol and Nexus
QED Protocol is a native execution layer for Bitcoin, Dogecoin, and other ecosystems, designed to address the challenges of Web3 development. Nexus, on the other hand, is focused on creating a verifiable world where every computation is provable, making the Internet more secure and trustworthy.
Both organizations are backed by prominent investors and are actively seeking exceptional scientists and engineers to shape the future of the Verifiable Internet.
