Startup Open Asset Standards has recently announced QED, the world’s first ZK 2.0 blockchain protocol. Unlike existing zero-knowledge blockchain protocols, QED has a novel state model which is horizontally scalable, meaning it is no longer limited by TPS restrictions that have previously prevented the adoption of blockchain technologies in Web2 use cases such as social networks, traditional finance, and gaming.
QED is able to attain this scale without compromising security or decentralization because of recent developments in rapid recursive zero, knowledge proofs. Furthermore, QED verifies all transactions end-to-end by using proof recursion, which involves confirming a zero-knowledge proof inside a zero-knowledge proof. This process of decentralized recursive proving culminates in a single block proof that can be verified by an Ethereum smart contract. As a result, the protocol is only dependent on the Proof of Math itself, as opposed to an incentive-based consensus system, which makes it more susceptible to collusion, hacking, and misaligned incentives.
As the first blockchain that is capable of serving billions of users in a single block, QED eliminates the need for a zk-VM by compiling smart contract functionalities straight to zero knowledge circuits. This makes QED the first zk-Native blockchain. Users are able to verify their own transactions on their own devices in a matter of milliseconds thanks to QED’s innovative approach to ZKP. This paves the way for a future privacy-centric internet in which all transactions are kept private by default and sensitive data is never required to leave a user’s device.
Open Asset Standards has revealed the QED’s official Dapen Smart Contract IDE in conjunction with the announcement of the QED Protocol. With Dapen, Web2 developers are able to construct zk Smart Contracts in the world’s two most popular programming languages, which are JavaScript and Python. Furthermore, these two languages have a developer market share that is 357 times bigger than the Solidity community, which only makes up a minuscule 0.1% of the world’s developers.
Dapen has added support for Markdown smart contracts, which enables even non-technical people to create smart contracts in English leveraging their integration with many large language AI models (LLMs), including ChatGPT. This is in addition to making blockchain accessible to more developers than ever before.
Backed by Animoca Brands’ fund Sparkle Ventures whose General Partners include Sebastien Borget, Co-founder of Sandbox, and Yat Siu, Co-founder of Animoca Brands, QED is set to see major adoption within the gaming space which regularly supports millions of concurrent gamers playing at once. Moreover, due to its horizontal scaling model, QED is able to add transaction processing capacity by simply adding more proving nodes to its network, allowing large-scale gaming to integrate with blockchain technologies such as dynamic NFTs for the first time.
Headed up by Founder and CEO Carter Feldman, a former childhood hacking prodigy and reverse engineer, the QED core team is made up of a diverse team from both Web2 tech giants and Web3 titans including Binance, reflecting the protocol’s mission to unite Web2 and Web3.
Contact Information
- Website: www.qedprotocol.com
- Twitter:
- Official: @qedprotocol
- Founder: @cmpeq
- Email: news@qedprotocol.com
