An Overview of Movement with Rushi Manche

Transcript

we last had you on in in June so you know anybody who is interested in getting sort of a high level about what is movement and what is the vision there should go back and listen to that episode because I think it sort of covers uh movement at at a high level uh we're going to get into a little bit more detail here about some of the things that have come out since then um for for instance you guys like announced the M2 um uh for supporting rollups and you also announced this partnership with Noble and and Union to uh bring usdc and ethereum security to move rollups we'll also talk about the road map but let's just maybe start with you know a brief uh overview of what is movement and

what's the vision there and specifically what does movement bring to the modular stack yeah so thesis is a network of move based blockchains where we see Envision a bunch of different blockchains um eventually market share bring predominant R in moves programing languages in the past um there were monic giants like aison sui that really spearheaded the move VM charge um but there's a lot of botx in terms of interoperability um it was difficult to acquire liquidity uh acquire new infrastructure get new users um so our thesis was we want to see move adopted at scale whether for app chains whether it's for general purpose L2 um and release the adoption there so within

Movement we have M2 the first move evm r on ethereum um at the execution level it's the move v machine paired with ethereum evm compatibility so it's a forcity code as well as move smart contracts it lives on AUM for settlement so you have native eth directly into the protocol as well as the decentralization and liquidity that eum provides and then da is powered by Celestia um obviously for cheaper transaction fees and better performance and that's connected to M1 which in the past was a subnet um but we modified it to be a decent Shar sequencer the thesis is there sunshine sequencers in today's market one scale a they can keep up performance Next Generation blockchains in this worldle we're doing 10,000 20,000 TPS you can't have one node that can potentially go

down and ruin all those transactions and secondary um just not profitable in that da is making transaction fees much more cheaper um WEA with celes to mana and then next gen BMS bring that cost down to like less than one cent so centralized sequencers can't scale and are actually bad for the community our M1 network is a decent try share sucer that can power the M2 rollup um as well as other move based rollups that connect to the network um yeah so basically the first move layer to ethereum um providing solvency for other move rollups as well how do you achieve a a sequencer that is both shared and decentralized without just building another blockchain that also needs its own settlement there yeah so we kind of deprecate the smart contract

functionality of M1 so you like at scale you won't be able to publish smart contracts to it instead the valers are all focused on sequencing the transactions for um M2 so if you look at espresso radiant some of these other shared sequencers they follow a similar model um where they have a set of validor um cell even does this for their layer one which announced for Layer Two where existing validor All State the native token so if I'm a Avalanche validor I can State the move token um and then participate in the sequencing for the layer 2 and then all the fees that are generated from the layer 2 are then distributed back to um the validat so this is actually a double pronged approach where valers are not only getting apy um from missions but also getting a large percentage of the

sequencing fees so it's kind of double pronged um benefit for running nodes which in turn um incentivizes them to run more nodes which creates a further decentralized and eventually permissionless um sequencing Network um for layer twos [Music] [Music]