Movement

From CryptoWiki

Movement Network, a network of high-throughput, fast-finality Move-based rollups secured by Ethereum.

Basics

  • Based in:
  • Started in / Announced on:
  • Testnet release:
  • Mainnet release:
  • From Onchain Times (15-4-2024):

"Movement is building an Ethereum L2 utilizing the MoveVM. This L2 will incorporate Celestia as its Data Availability layer and will be EVM compatible. Thala and Echelon, projects that are both live on Aptos, have already announced their upcoming deployment on Movement."

"Movement labs ~ Creating a network of modular blockchains built with the Move programming language. Movement runs a builders program to onboard developers and have created M2; a MoveEVM zk layer 2 on Ethereum with parallelized execution and shared sequencing. Movement raised a $3.4m pre-seed round to grow adoption around Move. Read more"

History

Audits & Exploits

Bugs/Exploits

Governance

Admin Keys

DAO

Notable Governance Votes

Treasury

Token

Launch

Token Allocation

Inflation

Utility

Burns

Other Details

Coin Distribution

Technology

  • Whitepaper or docs can be found [insert here].
  • Code can be viewed [insert here].
  • Consensus mechanism: Ethereum plus Movement PoS
  • Algorithm:
  • Virtual Machine: Move VM but, "Our execution engine supports both Move and EVM transactions." (29-7-2024).
  • Development language used:

==== Transaction Details====*Capacity (TPS): BlockSTM delivering 160K+ TPS (29-7-2024).

How it works

From their blog (29-7-2024):

"The Movement Network is a set of modular and configurable Move Rollups that provide a platform for deploying interoperable, application-specific chains. Each Movement Rollup can use a custom Data Availability layer (default is Celestia), custom sequencing (default is Movement's decentralized shared sequencer, M1), a custom finality mechanism (default is our fast staked attestations), and they all share the MoveVM for powerful execution.

Fees

Upgrades

Staking

Validator Stats

Interoperability

Will have a shared sequencer within its own Movement rollup system.

Other Details

Their Other Projects

Roadmap

  • Can be found [Insert link here].

Revenue

Usage

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding and Partners

Team

  • Full team can be found [here].

Funding

Partners

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