QED, Nexus aim to bring smart contracts to Dogecoin
The zkVM scaling solution will make the dog-themed memecoin network “STRONKer than all the others,” QED and Nexus said.
Blockchain developers QED Protocol and Nexus are preparing to launch a layer-2 (L2) scaling solution designed to bring smart contracts to the Dogecoin network, according to a Sept. 26 announcement.
The planned L2, a zero-knowledge virtual machine (zkVM), aims to “enable the world’s oldest and most popular memecoin network to compete in the smart-contract realm with the likes of Ethereum and Solana,” QED and Nexus said in a statement.
Dogecoin (DOGE) operates on a proof-of-work (PoW) blockchain network similar to Bitcoin’s (BTC) but with less computationally intensive transaction verifications and no upper limit on total DOGE supply. Dogecoin does not support smart contracts.
The zkVM scaling solution will make the dog-themed memecoin network “STRONKer than all the others,” QED and Nexus said.
Blockchain developers QED Protocol and Nexus are preparing to launch a layer-2 (L2) scaling solution designed to bring smart contracts to the Dogecoin network, according to a Sept. 26 announcement. The planned L2, a zero-knowledge virtual machine (zkVM), aims to “enable the world’s oldest and most popular memecoin network to compete in the smart-contract realm with the likes of Ethereum and Solana,” QED and Nexus said in a statement. Dogecoin (DOGE) operates on a proof-of-work (PoW) blockchain network similar to Bitcoin’s (BTC) but with less computationally intensive transaction verifications and no upper limit on total DOGE supply. Dogecoin does not support smart contracts. Read more