Movement Launches Beta Mainnet to Revolutionize Ethereum Layer 2 with Move Language
Kang In sig / Published December 11, 2024 10:36 PM
Kang In sig
Courtesy of Movement Labs
Movement, a blockchain development company leveraging the Move programming language, announced the launch of its Mainnet Beta on December 11. Movement utilizes the Move language, initially developed by Meta (formerly Facebook), to create a unique Ethereum Layer 2 solution. Unlike independent Layer 1 blockchains, Movement integrates Ethereum's robust network effects and security while enabling Move developers to operate seamlessly within the Ethereum ecosystem.
The Mainnet Beta marks the first step toward commercializing the Movement network. During this phase, the infrastructure providers will deploy core network components, including Follower Nodes, RPC Nodes, and Indexers. Collaborating with network operators, Movement aims to validate system synchronization and security protocols to ensure a stable and efficient blockchain environment.
A standout feature of Movement is its proprietary “postconfirmations” technology, which reduces transaction confirmation times to under one second. This improvement significantly outpaces existing Ethereum-based scaling solutions, where transaction confirmation can take several minutes to a full day.
To support its network and community, Movement has introduced the "MoveDrop" program, distributing up to 10 billion MOVE tokens. This initiative rewards ecosystem contributors with MOVE tokens, incentivizing their participation in network security and governance, ultimately fostering a sustainable blockchain ecosystem.
Rushi Manche, co-founder of Movement Labs, emphasized the company's vision: "Movement aims to create tangible value by combining the Ethereum ecosystem with the Move language. By integrating Move with the Ethereum Virtual Machine (EVM), we empower Move developers to unlock new possibilities within Ethereum's vast ecosystem."
Movement’s innovative approach to merging Move and Ethereum sets a new standard in blockchain development, paving the way for faster, more secure, and scalable solutions.
Sayart / Kang In sig, insig6622@naver.com
Courtesy of Movement Labs
Movement, a blockchain development company leveraging the Move programming language, announced the launch of its Mainnet Beta on December 11. Movement utilizes the Move language, initially developed by Meta (formerly Facebook), to create a unique Ethereum Layer 2 solution. Unlike independent Layer 1 blockchains, Movement integrates Ethereum's robust network effects and security while enabling Move developers to operate seamlessly within the Ethereum ecosystem.
The Mainnet Beta marks the first step toward commercializing the Movement network. During this phase, the infrastructure providers will deploy core network components, including Follower Nodes, RPC Nodes, and Indexers. Collaborating with network operators, Movement aims to validate system synchronization and security protocols to ensure a stable and efficient blockchain environment.
A standout feature of Movement is its proprietary “postconfirmations” technology, which reduces transaction confirmation times to under one second. This improvement significantly outpaces existing Ethereum-based scaling solutions, where transaction confirmation can take several minutes to a full day.
To support its network and community, Movement has introduced the "MoveDrop" program, distributing up to 10 billion MOVE tokens. This initiative rewards ecosystem contributors with MOVE tokens, incentivizing their participation in network security and governance, ultimately fostering a sustainable blockchain ecosystem.
Rushi Manche, co-founder of Movement Labs, emphasized the company's vision: "Movement aims to create tangible value by combining the Ethereum ecosystem with the Move language. By integrating Move with the Ethereum Virtual Machine (EVM), we empower Move developers to unlock new possibilities within Ethereum's vast ecosystem."
Movement’s innovative approach to merging Move and Ethereum sets a new standard in blockchain development, paving the way for faster, more secure, and scalable solutions.
