Open Asset Standards introduces a blockchain protocol QED based on ZKP.

Odaily News: Open Asset Standards recently announced the launch of the world's first ZK 2.0 blockchain protocol, QED. Unlike existing zero-knowledge blockchain protocols, QED features a novel state model that allows for horizontal scalability. This means that it is no longer restricted by TPS limitations, which previously hindered the adoption of blockchain technology in Web2 use cases such as social networks, traditional finance, and gaming.



By compiling smart contract functionality directly into zero-knowledge circuits, QED eliminates the need for zk-VM, making it the first zk-Native blockchain. QED's novel ZKP approach allows users to prove their transactions on their own devices within milliseconds, enabling a new privacy-centric internet where transactions are by default private and sensitive data never needs to leave the user's device.



QED supports more Web2 developers to write zk smart contracts using JavaScript and Python through the compiler Dapen. The protocol achieves end-to-end verification of all transactions through recursive proofing and generates a single block proof that can be verified by Ethereum smart contracts, reducing reliance on consensus systems. Additionally, QED has received early investment from Sparkle Ventures fund. (cointelegraph)