In the context of the rapid development of global blockchain technology, L2 network solutions have attracted increasing attention. As a leading blockchain technology developer, Movement Labs’ recent developments have attracted much attention. The company completed a $38 million Series A round of financing in April 2024, led by Polychain Capital, with participation from Hack VC, dao5 and Robot Ventures. Movement Labs’ grand vision is to build the first second-layer blockchain using the Move language on Ethereum, in order to improve the security and efficiency of smart contracts while reducing costs.
Movement Labs’ core technological innovation lies in the construction of its MoveVM L2 network, which is designed to focus on improving execution efficiency and ensuring a high degree of security. By enabling parallelization and formal verification on Ethereum, Movement Labs is able to deliver uniquely high throughput and comprehensive smart contract security while guaranteeing premium liquidity and security with Ethereum. In addition, investments from OKX Ventures and Binance Labs further highlight Movement Labs’ potential and innovation in the field of blockchain technology.
With the launch of M1 and M2 products, Movement Labs aims to provide developers with powerful tools to build and deploy Move language-based blockchain infrastructure and applications in various environments. These developments mark Movement Labs’ leading position in the global blockchain technology race and herald its important role in driving industry development and innovation. Next, this article will provide an in-depth introduction to the technical features and development prospects of Movement Labs.
Movement Labs is passing on its innovation Products and services reshape the future of blockchain technology. The following three key directions outline how the company is advancing the widespread adoption of the Move programming language and blockchain technology.
M1 and M2 launched by Movement Labs are two blockchain products built based on the Move language, aiming to provide high performance and flexibility. M1 is a community-first blockchain platform that achieves extremely high transaction processing per second (TPS) and instant transaction finality through the Move language. It also enables massive liquidity and modular customization accessible from launch. As the first Move L2 layer on Ethereum, M2 not only supports Sui Move and Aptos Move, but also integrates the built-in EVM interpreter MEVM, allowing Sui, Aptos and EVM users to share L2 layer resources and functions.
To support the widespread deployment and use of the Move language, Movement Labs developed the Movement SDK, a modular framework that combines the high-throughput Move Virtual machines and horizontal interoperability. This enables developers to build and deploy Move-based infrastructure and applications in any distributed environment. In addition, the company provides tools such as the Movement CLI, Fractal and Hyperlane messaging infrastructure, and a shared sequencer designed to improve interoperability between the Move base environment and other networks.
In the Movement Labs ecosystem, the MOVE token is currently used as a testnet token and only has functions in the M1 testnet environment. and has no actual monetary value. As MEVM is developed, MOVE tokens will be used exclusively for testing purposes in the Move-EVM environment. The experimental nature of this token means that its functionality and applications may change as development progresses, and participants need to understand the limitations and risks of these tokens in the testnet.
Through these key development directions, Movement Labs not only strengthens the application of Move language in blockchain technology, but also expands its influence and provides more developers and blockchain enthusiasts around the world. Innovative tools and platforms. The company's vision is to further promote the democratization and decentralization of blockchain technology through these efforts so that the Move language can be widely adopted around the world.
The role of Movement SDK in the field of blockchain technology Apps not only drive technological innovation, but also set new standards for interoperability and security across the entire ecosystem through its multiple key components. The following points introduce the main theoretical and technical features of the SDK in detail.
Movement SDK creates a versatile platform by integrating the advantages of MoveVM and Solidity, which not only enhances the existing blockchain ecosystem, It also paves the way for future technological advancements. The SDK combines the security and resource management features of MoveVM with the flexibility and adaptability of Solidity to achieve a paradigm shift in digital asset management, security and cross-platform transactions.
MoveVM is the execution engine of Movement SDK, providing a resource-oriented and strictly controlled environment to run smart contracts. The design of MoveVM emphasizes the uniqueness and non-replicability of resources, thereby achieving higher security and integrity in blockchain asset management. In addition, MoveVM uses strong type security and formal verification technology to minimize the risk of vulnerabilities in running code and enhance the overall stability of the system.
The Fractal component allows developers to seamlessly deploy existing Solidity smart contracts to MoveVM. This bridging feature not only provides Solidity developers with a safer and more efficient execution environment, but also retains the original logic and functionality of Solidity contracts, allowing developers to take advantage of Move's without sacrificing a familiar development experience. Advanced security features and resource management capabilities.
Through its modularity and interoperability features, Movement SDK not only simplifies the development and deployment process of blockchain applications, but also enables cross-block The application of chain platform becomes possible. This design not only meets the needs of the current market, but also prepares blockchain technology to face future challenges, demonstrating a sustainable development and ability to adapt to emerging technologies.
Overall, Movement SDK improves the functionality of the Ethereum platform through these innovative technical components and sets the tone for the future development of blockchain technology, heralding a move towards higher security, A critical step forward for efficiency and interoperability.
Through innovative collaboration, Henry and Movement Labs are leading changes in the business world. The collaboration launches a commerce-focused blockchain platform that leverages the power of Move Stack and introduces crypto cashback rewards, an NFT loyalty program, and seamless transaction processes. This integration not only simplifies enterprise adoption of blockchain technology, but also enhances customer engagement and loyalty with a cost-effective solution.
#The Henry platform operates as a multi-layered protocol to increase customer engagement and loyalty through innovative crypto cashback and NFT-based loyalty programs. It provides brands of all sizes the opportunity to adopt blockchain technology, facilitates a seamless transaction experience, and provides customers with attractive cashback offers.
In addition, Henry’s ecosystem consists of three core parts: Henry Rewards, Henry Brands and Henry ZK Rollup, which together form a comprehensive ecosystem. This system aims to revolutionize the way commerce integrates with blockchain technology, enabling brands to cost-effectively enhance their customer engagement strategies and innovate to build loyalty by simplifying the technical barriers associated with blockchain.
While blockchain technology shows great promise in improving customer engagement and enabling secure and transparent transactions, its integration in commerce is not watertight. Many companies still face high entry fees and complex account management challenges in the blockchain space. Henry creates sustainable models for loyalty and rewards programs by delivering targeted solutions, simplifying technology, and delivering significant value through efficient distribution.
By reducing the cost and complexity of blockchain adoption, Henry creates a path for brands to seamlessly transition to Web3, driving real-world utility and enabling a new wave of digital consumer interactions. This strategic solution paves the way for the next billion users to enter Web3, making it a catalyst for industry change.
Although this collaboration between Henry and Movement Labs has brought many innovative possibilities to the industry, are we really ready for this business transformation led by blockchain technology? How will the future unfold? Can these advanced technology integrations truly meet the business needs of the global market? Only time will tell.
The above is the detailed content of Movement Labs completed 38 million yuan in financing and received investment from OKX and Binance. Why is the MOVE public chain so popular again?. For more information, please follow other related articles on the PHP Chinese website!
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