Movement Labs is a ZK software development kit for Ethereum rollups that utilizes the Move programming language to allow developers to build more secure smart contracts. Its first product is M2, an Ethereum ZK-powered L2 network with parallel transaction processing technology and the potential to reach an impressive 160K TPS capacity.
Since its inception in 2021, the Movement Labs crypto startup has managed to raise an impressive $41.4M from leading investors, including Polychain Capital, Binance Labs, Sandeep Nailwal, OKX Ventures, and others.
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Movement Labs crypto company is building a network of modular blockchains and Ethereum rollups that operate using the Move programming language.
The first network built by the company is an Ethereum L2 network M2, powered by zero-knowledge and parallel processing technologies, with the potential to reach an impressive throughput capacity of 160,000 TPS.
It offers users extremely low gas fees and fast transaction execution while maintaining the native Ethereum level of security with a safety-focused smart contract approach written in the Move language.
*Move is a programming language originally designed by Facebook for smart contract development, offering enhanced security that powers the protocol’s own MoveVM.
The Movement rollup combines three main components that facilitate M2’s high performance, security, and interoperability:
Discover more information about the Movement network in its docs.
🪙 Movement Labs Token: As of August 5th, 2024, there is no publicly available information regarding the platform’s native token release, utility, and economy, nor details about a Movement airdrop. However, it is quite possible that the native Movement token will be used as the main currency for paying fees, powering the staked settlement module, and participating in decentralized voting on the platform.
Furthermore, on September 25th, the leading ICO launchpad CoinList highlighted the current movement testnet in its blog and socials, potentially hinting at token launch and sale on the platform.
Considering this information, the CoinLaunch team decided to conduct in-depth research on the Movement crypto platform. Here are the most important details:
✅ Movement crypto network pros:
❌ Movement crypto network cons:
Movement Labs is a ZK-powered SDK designed to assist Ethereum rollup developers in creating secure smart contracts with the Move programming language and its execution layer, MoveVM. The first product built with the Movement SDK is an Ethereum L2 with parallel transaction execution and dual VM compatibility, called M2.
Currently, it is in the testnet phase, which may potentially be rewarded with a Movement Labs airdrop after its conclusion. Hence, the CoinLaunch team decided to conduct a comprehensive guide on how to join the Movement testnet.
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