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Movement Labs: 'Facebook's MOVE Will Bring Billions of Users to Crypto' - Rushi Manche

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Sinopsis

Classical, monolithic blockchains are inherently limited in their throughput due to their single-thread execution architecture. Modern VMs attempt to solve this issue through parallelisation being implemented from the get-go. Movement Labs employs the Move-VM to build a ZK L2 rollups on Ethereum, thus also deriving its security. Through parallel execution threads, Movement achieves a theoretical TPS of 160,000 while also ensuring sub-cent transaction fees.Topics covered in this episode:Impressions from ETH DenverRushi’s backgroundMove vs. SolidityEVM compatibilityParallelisation vs. intent-based transactionsSecurity and parallel state transitionsTransitioning from EVM to newer VMsBerachain’s approach to EVM-compatibilityMovement Labs’ tech stackDecentralising the sequencerMovement’s M1 and M2 chainsCelestia DA and the Dencun upgradeRestakingBitcoin L2sIBC-compatibility and USDC on MovementEthereum x Cosmos convergencedApps on MoveEpisode links:Rushi Manche on TwitterMovement Labs on TwitterNebular Podcast 'Et