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Movement (MOVE): Building a Decentralized Future for the Move Programming Language

Movement (MOVE): Building a Decentralized Future for the Move Programming Language

Pemula
2024-12-05 | 5m

What is Movement (MOVE)?

Movement (MOVE) is a community-first blockchain that offers exceptionally high transaction throughput, near-instant finality, and modular customizations for specific use cases. These features make the network an attractive option for developers looking to build scalable, secure, and efficient blockchain applications.

At the heart of Movement's vision is the belief that the Move programming language should not be confined to a single network, such as Aptos or Sui, but instead serve as a flexible, universal language across a decentralized ecosystem. Movement is designed to be an open-source initiative to grow Move's adoption and make it accessible to developers worldwide.

Who Created Movement (MOVE)?

Movement was created by Movement Labs, a Web3 company by Cooper Scanlon and Rushi Manche.

Movement Labs was founded to address the limitations of monolithic Layer 1 blockchains, where progress often depends on the decisions of centralized entities. The team at Movement Labs envisions a decentralized world where Move-based solutions can be implemented freely across modular blockchain ecosystems.

Their goal is simple yet transformative: to give developers the tools they need to experiment with and expand the Move programming language across diverse environments. This approach empowers builders to create efficient, secure, and innovative blockchain applications without being tied to any one network.

What VCs Back Movement (MOVE)?

Movement Labs has captured the attention of top-tier investors, raising significant funding from some of the most respected venture capital firms in the blockchain space. These include Polychain Capital, Binance Labs, Hack VC, Placeholder, OKX Ventures, Archetype, and more.

How Movement (MOVE) Works

Movement Network is a blockchain optimized for high transaction throughput (TPS), instant finality, and modular customizations. It provides developers with access to shared liquidity and interoperability from day one, enabling seamless cross-chain transactions.

1. Main Components

This network is powered by cutting-edge components like the Move Executor, the Fast Finality Settlement Module, and the Decentralized Shared Sequencer.

Move Executor: This tool allows the Movement Network to support both MoveVM and EVM bytecode, offering compatibility with existing Ethereum applications while leveraging Move's advantages.

Fast Finality Settlement Module: This module ensures quick and secure transaction finality, combining staking-based economic security with low latency.

Decentralized Shared Sequencer: This mechanism ensures fair and efficient transaction ordering while enabling cross-chain interoperability and atomic swaps.

2. Transaction Lifecycle

The transaction lifecycle within the Movement Network is designed for efficiency and security:

Submission: Transactions are submitted to the mempool.

Sequencing: The decentralized sequencer orders transactions into batches.

Data Availability: Transaction data is published to a data availability service like Celestia.

Execution: The Move Executor processes the transactions, generating new blocks.

Settlement: The new state is finalized on Layer 1 (L1) using the Fast Finality Settlement Module.

This streamlined process ensures that transactions are processed quickly and securely while maintaining decentralization.

3. Interoperability and Multi-Asset Staking

Movement prioritizes interoperability and economic security through features like:

Shared Decentralized Sequencer: Enhances cross-chain functionality, allowing seamless asset transfers and pooled liquidity.

Multi-Asset Staking: Users can stake both native and non-native tokens to secure the network, promoting decentralization and flexibility.

4. Move Stack and Move Arena

Move Stack is a set of tools and components for building Move-based blockchains. This includes:

Sequencing Services: Developers can choose between decentralized shared sequencing or self-managed options.

Data Availability: Supports various solutions, including Celestia, Ethereum EIP-4844 blobs, and others.

Settlement Mechanisms: Offers options for optimistic, ZK-rollups, and staking-based settlement.

The Move Arena, another core product, is a framework for deploying and connecting Move-based blockchains. It supports application-specific chains tailored to use cases like DeFi, gaming, and supply chain management, ensuring fast-finality and shared liquidity.

MOVE Goes Live on Bitget

Movement stands out for its safety and efficiency. It emphasizes resource ownership and type safety, simplifying the development of secure smart contracts for tasks like asset transfers, minting, and destruction.

By making Move accessible across modular blockchain ecosystems, Movement Labs is paving the way for a more decentralized, efficient, and secure digital future. Whether you're a developer, investor, or blockchain enthusiast, Movement Labs is a project worth watching.

The best way to join the Movement is by trading MOVE on Bitget now!

MOVE on Bitget Pre-Market

MOVE is a part of Bitget Pre-Market, a platform where users can trade tokens over-the-counter before the token is listed for spot trading. Join now to get the best out of it!

Start time: 5 December, 2024

Bitget Pre-Market offers flexibility in trading activities with two settlement options:

Coin settlement, which uses a 'cash on delivery' method where a security deposit is forfeited if the seller fails to deliver.

USDT settlement, a new option where trades are settled in USDT at the average index price at the last minute.

To use Bitget Pre-Market, follow these simple steps:

Step 1: Go to the Bitget Pre-Market page.

Step 2:

○ For Makers:

■ Choose the desired token and click on ‘Post Order’.

■ Specify Buy or Sell, enter price and quantity, review details, then confirm.

○ For Takers:

■ Choose the desired token, pick ‘Sell’ or ‘Buy’, select the pending order, enter quantity, and confirm.

Get MOVE on Bitget Pre-Market now !

How to Trade MOVE on Bitget Spot

Listing time: December 9, 2024

Step 1: Go to MOVEUSDT spot trading page

Step 2: Enter the amount and the type of order, then click Buy/Sell

Trade MOVE on Bitget spot now!

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

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