1 year ago
PRESS RELEASE. July 17th, 2023, Hong Kong. Startup Open Asset Standards has precocious announced QED, the world’s archetypal ZK 2.0 blockchain protocol. Unlike existing zero cognition blockchain protocols, QED has a caller authorities exemplary which is horizontally scalable, meaning it is nary longer constricted by TPS restrictions that person antecedently prevented adoption of blockchain technologies successful Web2 usage cases specified arsenic societal networks, accepted finance, and gaming.
Enabled by advances successful accelerated recursive zero cognition proofs, QED is capable to execute this standard without compromising information oregon decentralization and proves each transactions end-to-end utilizing impervious recursion (verifying a zero cognition impervious successful a zero cognition impervious ). This process of decentralized recursive proving culminates successful a azygous artifact impervious which tin beryllium verified by an Ethereum astute contract, making the protocol lone reliant connected the Proof of Math itself, alternatively than an inducement based statement strategy susceptible to collusion, hacking and misaligned incentives.
As the archetypal blockchain susceptible of serving billions of users successful a azygous block, QED does distant with the request for a zk-VM by compiling astute declaration functions straight to zero cognition circuits, making it the archetypal zk-Native blockchain. QED’s caller attack to ZKP allows users to beryllium their ain transactions connected their ain instrumentality successful milliseconds, enabling a caller privateness centric net wherever transactions are backstage by default and delicate information ne'er has to permission a user’s device.
With its announcement of the QED Protocol, Open Asset Standards unveiled QED’s authoritative Dapen Smart Contract IDE. With Dapen, Web2 developers tin constitute zk Smart Contracts successful the world’s 2 astir fashionable programming languages, JavaScript and Python, which person a developer marketplace stock 357 times larger than the Solidity assemblage which lone makes up a miniscule 0.1% of the world’s developers.
In summation to making blockchain accessible to much developers than ever before, Dapen has integrated enactment for Markdown astute contracts which let adjacent non-technical users to constitute astute contracts successful English utilizing their integration with respective ample connection AI models (LLMs) including ChatGPT.
Backed by Animoca Brands’ money Sparkle Ventures whose General Partners see Sebastien Borget, Co-founder of Sandbox, and Yat Siu, Co-founder of Animoca Brands, QED is acceptable to spot large adoption wrong the gaming abstraction which regularly enactment millions of concurrent gamers playing astatine once. Due to its horizontal scaling model, QED is capable to adhd transaction processing capableness by simply adding much proving nodes to its network, allowing ample standard gaming to integrate with blockchain technologies specified arsenic dynamic NFTs for the archetypal time.
Headed up by Founder and CEO Carter Feldman, a erstwhile puerility hacking prodigy and reverse engineer, the QED halfway squad is made up of a divers squad from some Web2 tech giants and Web3 titans including Binance, reflecting the protocol’s ngo to unite Web2 and Web3.
Contact Information
Website: www.qedprotocol.com
Twitter:
- Official: @qedprotocol
- Founder: @cmpeq
Email: news@qedprotocol.com
This is simply a property release. Readers should bash their ain owed diligence earlier taking immoderate actions related to the promoted institution oregon immoderate of its affiliates oregon services. Bitcoin.com is not responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful the property release.
English (US) 