Dogecoin will expand its capabilities with the help of ZK proofs

The developers of DogeOS proposed to add support for ZK proofs in Dogecoin. The OP_CHECKZKP initiative will transform the blockchain from a payment system into a platform for DeFi, games, and other on-chain applications.

The DogeOS team is developing the MyDoge wallet, which is used by over 500,000 people.

The update will allow for the verification of computations off the main network without revealing confidential data. According to the press release, the initiative will pave the way for the creation of credit markets collateralized by DOGE, decentralized exchanges, and verifiable multiplayer games.

Technically, the proposal introduces a new opcode OP_CHECKZKP with support for Groth16 and PLONK proof systems. The update is planned to be carried out through a soft fork, which will ensure backward compatibility and will not require the creation of a new virtual machine.

The ZK-Rollups technology will allow processing thousands of transactions per second off-chain and confirming them on the main blockchain using "compact" cryptographic proofs.

"Dogecoin already has one of the most devoted communities. The update will give them tools for more — turning their beloved currency into a platform capable of competing with any other network," said DogeOS CEO Jordan Jefferson.

The DogeOS team is also developing an EVM-compatible zkVM that will use Dogecoin for calculations. The OP_CHECKZKP update will make these calculations secure and verifiable. This will also open up opportunities for private transactions and the creation of bridges for DOGE between networks.

On July 17, the mining company Bit Origin, listed on Nasdaq, announced a strategy to replenish reserves in DOGE for $500 million.